Question

Molly has biweekly gross earnings of $839.52. by claiming 1 more withholding allowance, molly would have$16 more in her take home pay. how many withholding allowances does molly currently claim? a. 1 b. 2 c. 3 d. 4

1. 3 withholding allowances molly currently claim. so, option ( c ) is correct.

### What is Gross Income?

Gross Income used for households and individuals, gross income is the sum of all wages, salaries, profits, interest payments, rents, and other forms of earnings, before any deductions or taxes. It is opposed to Net Income, defied as the gross income minus taxes and other deduction.
Before taxes, benefits, and other payroll deductions are taken out of an employee’s paycheck, that amount is known as their gross pay. Net pay, often known as take-home pay, is the amount that is left after all withholdings have been taken into account.
Gross income is the sum of a person’s annual earnings from both employment and investments. If a person is self-employed, his/her earned income only consists of his/her salaries, commissions, bonuses, and business income, less any expenses.
So, After deducing all the amount and the amount that Molly can take home pay. 3 withholding allowance molly currently claim.
Hence,
3 withholding allowances molly currently claim. so, option ( c ) is correct.
Molly gross income is $839.52 per two weeks. Molly could increase her take-home pay by$16 if she claimed 1 extra withholding allowance. Molly is only claiming three withholding allowances at the moment.