0 If the wages are - And the number of withholding allowances claimed is-
But less o 1 2 3 4 5 6 7 8 9 10+
At least
than
The amount of income tax withheld is -
720
740 80 62 44 26 14 1 0 0 0 0
740 760 83 65 47 28 16 3 0 0 0 0 0
760
780 86 68 50 31 18 5 0 0 0 0 0
780 800 89 71 53 34 20 7 0 0 0 0 0
0
800 820 92 74 56 37 22 9 0 0 0 0 0
820 840 95 77 59 40 24 11 0 0 0 0 0
840
860 98 80 62 43 26 13 1 0 0 0 0
How will the federal tax affect a gross biweekly pay of $740 for a single person claiming 1 exemption?
a. It increases gross pay by $62.
b. It decreases gross pay by $62.
C. It increases net pay by $65.
d. It decreases net pay by $65.