What is the formula for finding taxable income when you are given allowances? Select one: O A. Taxable Income Gross Pay + (Allowances x $63.46) O B. Taxable income = Gross Pay - (Allowances x $63.46) O C. Taxable Income = Gross Pay/(Allowances x $63.46) O D. Taxable Income Gross Pay - (Allowances/$63.46)

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...
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What is the formula for finding taxable income when you are given allowances?
Select one:
A. Taxable Income = Gross Pay + (Allowances x $63.46)
B. Taxable income Gross Pay - (Allowances x $63.46)
C. Taxable Income Gross Pay/(Allowances x $63.46)
O D. Taxable Income = Gross Pay - (Allowances/$63.46)
Transcribed Image Text:What is the formula for finding taxable income when you are given allowances? Select one: A. Taxable Income = Gross Pay + (Allowances x $63.46) B. Taxable income Gross Pay - (Allowances x $63.46) C. Taxable Income Gross Pay/(Allowances x $63.46) O D. Taxable Income = Gross Pay - (Allowances/$63.46)
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