How many withholding allowances should she claim to equalize, Accounting Basics

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How many withholding allowances should she claim to equalize

Anna is single with one four-year-old child. She earns a monthly salary in 2012 of $5,000. Her filing status is head of household.
a. If she claims two withholding allowances, how much will her employer with- hold from her monthly paycheck? (Hint: Go to www.irs.gov and search for withholding tables.)
b. If she claims four withholding allowances, how much will her employer withhold from her monthly paycheck?
c. Assuming that she has no other income, claims the standard deduction, and claims one personal and one dependency deduction, what is Anna's tax liabil- ity for the year? How many withholding allowances should she claim to equalize (approximately) her withholding and her tax liability?

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Accounting Basics: How many withholding allowances should she claim to equalize

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Recent Questions Asked Accounting Basics

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Accounting Basics: How many withholding allowances should she claim to equalize

Reference No:- TGS0682104

Recent Questions Asked Accounting Basics

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Q : How do these alternative investments differ in terms

Q : Proportion of the plan participants

Q : Income and tax before consideration

Q : How many withholding allowances should she claim to equalize

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Q : What is the amount of liabilities for krammer

Q : Check manufacturer-s claim of potency at given alpha

Q : Find the variation in the number of bottles out of three

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