Molly currently claims 2 withholding allowances which can be determined by using rules of allowance.
<h2>Given that,</h2>
Molly has biweekly gross earnings of $839. 52.
By claiming 1 more withholding allowance,
Molly would have $16 more in her take-home pay.
<h3>We have to
determine,</h3>
How many withholding allowances does Molly currently claim?
<h3>
According to the
question,</h3>
Molly has biweekly gross earnings of $839. 52.
By claiming 1 more withholding allowance,
Molly would have $16 more in her take-home pay.
The withholding allowance is used by a person to pay less amount of tax on his or her income to the government.
Molly has biweekly gross earnings of $839. 52.
By claiming 1 more withholding allowance,
Molly would have $16 more in her take-home pay.
Therefore,
It is given that Molly has taken 1 more withholding allowance to pay tax less by the amount of $16.
So he must have possessed at least 1 allowance previously and added 1 more.
So, the minimum number of allowance possessed by Molly = 2
Hence, Molly currently claims 2 withholding allowances.
For more details about Income Tax refer to the link given below.
brainly.com/question/1708567
