Julio Is Single with 1 Withholding Allowance

question 33

Multiple Choice

Julio is single with 1 withholding allowance.He earned $1,025.00 during the most recent semimonthly pay period.He needs to decide between contributing 3% and $30 to his 401(k) plan.If he chooses the method that results in the lowest taxable income,how much will be withheld for Federal income tax (based on the following table) ?

• A)$79.00
• B)$86.00
• C)$74.00
• D)Both yield the same tax amount

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Definitions:

Occipital Lobe

The area of the brain situated at the rear of the head, tasked with interpreting visual data received from the eyes.

Faculty Psychology

The theory that different mental abilities, such as reading and computation, are independent and autonomous functions carried out in different parts of the brain.

Mental Abilities

Mental abilities refer to the cognitive functions and capabilities of an individual, including reasoning, problem-solving, and planning.

Different Parts

This term is too vague without context, but in general, it refers to the distinct sections or components that comprise a whole.