You make \$443 per week, and have claimed five exemptions. How much money will be withheld from you in a year?

\multicolumn{2}{|l|}{Weekly Gross Income} \multicolumn{9}{|c|}{And the number of withholding allowances claimed is}

At least But less than 0 1 2 3 4 5 6 7 8

400 410 83 73 63 53 45 38 35 35 35

410 420 86 75 65 55 47 40 36 36 36

420 430 88 78 68 58 49 42 37 37 37

430 440 90 80 70 60 51 44 38 38 37

440 450 93 B3 73 62 53 46 39 39 38

450 460 95 85 75 65 55 48 41 40 39

460 470 98 88 77 67 57 50 43 41 40

470 480 100 90 80 70 60 52 45 41 41

480 490 103 93 82 72 62 54 47 42 42

A\$2,392
B\$2,288
C\$2,756
D\$2,858

To determine the annual withholding amount, we first identify the relevant row in the provided tax withholding table based on the weekly gross income. The weekly gross income is $\$443$. Looking at the table, the range that includes $\$443$ is "At least 440" but "less than 450".

Determining the Weekly Withholding Amount

Next, we look for the column corresponding to the number of withholding allowances claimed, which is 5. By finding the intersection of the income bracket row (440–450) and the 5-allowance column, we identify the weekly withholding amount. According to the table, the value at this intersection is $\$46$.

Calculating the Annual Withholding Amount

To find the total annual withholding, we multiply the weekly withholding amount by the number of weeks in a year. Assuming there are 52 weeks in a year, the calculation is:
\[46 \times 52 = 2392\]
Thus, the total amount withheld annually is $\$2,392$. Comparing this result to the given options, we find that it corresponds to option (a).

Examples

Understanding how to read tax withholding tables is a fundamental skill for financial literacy. By knowing how much is withheld from your paycheck, you can better manage your budget and prepare for tax season. For example, if you know your annual withholding, you can estimate whether you might receive a tax refund or owe additional taxes at the end of the year, which is essential for planning personal savings and expenditures.

\multicolumn{2}{\|l\|}{Weekly Gross Income}	\multicolumn{9}{\|c\|}{And the number of withholding allowances claimed is}
At least	But less than	0	1	2	3	4	5	6	7	8
400	410	83	73	63	53	45	38	35	35	35
410	420	86	75	65	55	47	40	36	36	36
420	430	88	78	68	58	49	42	37	37	37
430	440	90	80	70	60	51	44	38	38	37
440	450	93	B3	73	62	53	46	39	39	38
450	460	95	85	75	65	55	48	41	40	39
460	470	98	88	77	67	57	50	43	41	40
470	480	100	90	80	70	60	52	45	41	41
480	490	103	93	82	72	62	54	47	42	42