Gordon is 60 years old and Mary is 55 years old.They are married with three dependent children over age 17, and Gordon has one job that pays wages of about $73,000.Assuming that Mary is unemployed, how many allowances should Gordon claim on his 2018 Form W-4, assuming no extra allowances for deductions or adjustments?

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Quizplus · Accepted Answer

Based on their ages and number of dependents, Gordon should claim 5 allowances (1 for himself, 1 for Mary, and 3 for their 3 dependent children over age 17) according to the IRS withholding calculator. However, since Gordon is the sole earner with a salary of $73,000, claiming an additional allowance for each $4,050 of income over $53,505 ($73,000 - $19,495) would result in a total of 6 allowances for Gordon.

Gordon Is 60 Years Old and Mary Is 55 Years