Question
1) Bob Avery's weekly gross earnings for the present week were $2,710. Avery has three exemptions. Using the wage bracket withholding table in Exhibit 2
1) Bob Avery's weekly gross earnings for the present week were $2,710. Avery has three exemptions. Using the wage bracket withholding table in Exhibit 2 with a $75 standard withholding allowance for each exemption, what is Avery's federal income tax withholding? Round your answer to two decimal places.
$____________
2) Colin Inverness's weekly gross earnings for the week ended April 22 were $1,604, and his federal income tax withholding was $288.72. Assuming the social security rate is 6% and Medicare is 1.5%, what is Colin's net pay?
Note: If required, round your answer to two decimal places. $______________
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