As for the rest of the time--when I'm watching ballroom-dancing competitions and searching for batteries for my Bop It and extracting all the sopapilla pieces from a gallon of limited edition cinnamon ice cream with the precision of a brain surgeon--there's no real excuse.
Definition of ALLOWANCE: A deduction, an average payment, a portion assigned or allowed: the act of allowing. The Law Dictionary Featuring Black's Law Dictionary Free Online Legal Dictionary 2nd Ed. Navigation
A withholding allowance is a sum of money subtracted from your gross pay to figure your taxable earnings for federal income tax withholding. The size of a withholding allowance depends on the length of your pay period and is derived from an annual basis amount that is equal to the amount of one personal exemption.o figure out the difference in tax withheld, figure the tax on the portion of the allowance in each tax bracket and add them together. First, multiply $61.15 ($1,688 minus $1,626.85) by 25 percent to get $15.29.