Ryan makes $932 gross income per week and keeps $716 of it after tax withholding. How many allowances has Ryan claimed? Weekly Gross Income But less than 910 920 930 940 950 960 970 And the number of wthholding alowances claimed is 1 2 3 At least 4 900 240 222 205 187 170 159 148 244 226 209 | 191 174 162 151 165 154 234 216 199 181 167 156 159 162 165 137 140 143 145 148 151 154 126 129 132 134 137 140 143 910 920 247 23O 212 195 177 251 255 238 259 086 940 950 960 242 245 220 203 224 207 228 185 189 193 170 173 176 263 210 One O Two O Three O Four

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Ryan makes $932 gross income per week and keeps $716 of it after tax withholding. How many allowances has Ryan claimed?

| Weekly Gross Income | And the number of withholding allowances claimed is |
|---------------------|-----------------------------------------------------|
| At least | But less than | 0  | 1  | 2  | 3  | 4  | 5  | 6  | 7  | 8  |
| 900     | 910         | 240 | 222 | 205 | 187 | 170 | 159 | 148 | 137 | 126 |
| 910     | 920         | 244 | 226 | 209 | 191 | 174 | 162 | 151 | 140 | 129 |
| 920     | 930         | 247 | 230 | 212 | 195 | 177 | 165 | 154 | 143 | 132 |
| 930     | 940         | 251 | 234 | 216 | 199 | 181 | 167 | 156 | 145 | 134 |
| 940     | 950         | 255 | 238 | 220 | 203 | 185 | 170 | 159 | 148 | 137 |
| 950     | 960         | 259 | 242 | 224 | 207 | 189 | 173 | 162 | 151 | 140 |
| 960     | 970         | 263 | 245 | 228 | 210 | 193 | 176 | 165 | 154 | 143 |

- One
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*Explanation:*

The table provided shows the amount of money left after tax withholding based on the gross income range and the number of withholding allowances claimed. For Ryan, who makes $932 gross income per week and keeps $716, we need to find the row for income between $930 and $940. We then look across the table in that row to find where the value $716 falls under the "And the number of withholding allowances claimed is" section. 

By comparing $716 to the values in the row, we can deduce the number of allowances Ryan has claimed.
Transcribed Image Text:Ryan makes $932 gross income per week and keeps $716 of it after tax withholding. How many allowances has Ryan claimed? | Weekly Gross Income | And the number of withholding allowances claimed is | |---------------------|-----------------------------------------------------| | At least | But less than | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | | 900 | 910 | 240 | 222 | 205 | 187 | 170 | 159 | 148 | 137 | 126 | | 910 | 920 | 244 | 226 | 209 | 191 | 174 | 162 | 151 | 140 | 129 | | 920 | 930 | 247 | 230 | 212 | 195 | 177 | 165 | 154 | 143 | 132 | | 930 | 940 | 251 | 234 | 216 | 199 | 181 | 167 | 156 | 145 | 134 | | 940 | 950 | 255 | 238 | 220 | 203 | 185 | 170 | 159 | 148 | 137 | | 950 | 960 | 259 | 242 | 224 | 207 | 189 | 173 | 162 | 151 | 140 | | 960 | 970 | 263 | 245 | 228 | 210 | 193 | 176 | 165 | 154 | 143 | - One - Two - Three - Four *Explanation:* The table provided shows the amount of money left after tax withholding based on the gross income range and the number of withholding allowances claimed. For Ryan, who makes $932 gross income per week and keeps $716, we need to find the row for income between $930 and $940. We then look across the table in that row to find where the value $716 falls under the "And the number of withholding allowances claimed is" section. By comparing $716 to the values in the row, we can deduce the number of allowances Ryan has claimed.
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