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

question 69

Multiple Choice

Peter and Penelope are married and have combined W-2 income of $56,861. They paid an additional $429 when they filed their taxes. How much income tax did their employers withhold during the year?

• A) $4,090.
• B) $4,948.
• C) $7,180.
• D)$8,038.

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Definitions:

Contract Size

The deliverable quantity of commodities or financial instruments specified in a contract that an investor agrees to buy or sell.

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