College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756



College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756
Textbook Problem

Jack Smith is married, has a spouse who is not employed and has five dependent children. How many withholding allowances is Smith entitled to?

(a) 5

(b) 6

(c) 7

(d) 8

To determine

Identify the number of withholdings allowance that is entitled to Person S.


Income tax withholding:

Under federal law, the employer is required to withhold a certain amount from the total earnings of the employer. The amounts that are withheld by the employer are applied to the payment of the employee’s federal income tax.

Justification for incorrect answer:

Option a, b and d:

Withhold allowance of 5, 6 and 8 will be not entitled to Person S because an employee is entitled to receive one personal withholding allowance, one for a spouse who should not have claimed an allowance and one for the each dependent and Person S has a spouse and five children...

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