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Withholding Allowance

A withholding allowance for the employee and each dependent is exempt from gross earnings and not subject to federal income tax. The monthly deduction for this allowance is $283.33.


Refer to the Withholding Allowance information. Mary Farnsworth, who has a monthly salary of $2,600, claims herself and one dependent. Compute Farnsworth's taxable income per month.
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Contemporary Business Mathematics for Colleges

Contemporary Business Mathematics for Colleges


Edition: 16th
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