Peter and Penelope Are Married and Have Combined W-2 Income

question 38

Multiple Choice

Peter and Penelope are married and have combined W-2 income of $76,861.They paid an additional $529 when they filed their taxes.How much income tax did their employers withhold during the year?

• A)$11,225.
• B)$10,167.
• C)$8,008.
• D)$6,950.

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Definitions:

Local Markets

Physical or virtual places within a defined geographical area where goods and services are bought and sold.

Hard Power

The use of military or economic force to influence the behavior or interests of other political bodies.

Economic Force

A factor that affects the direction and magnitude of economic growth or decline, such as consumer behavior, government policy, or technological innovation.

Military Force

The armed forces of a country, used for defense or in combat situations.