16 SCORE: ALT-IRS-WITHHOLDING Choose Exercise (1-5) Percentage Method Tables for Income Tax Withholding (For Wages Paid in 2019) TABLE 1-WEEKLY Payroll Period (a) SINGLE person (including head of household) ) (b) MARRIED person- If the amount of wages If the amount of wages (after subtracting The amount of income tax ( (after subtracting The amount of income tax withholding allowances) is: to withhold is: withholding allowances) is: to withhold is: Not over $73........ $ SO Not over $227 ... .... SO $ Over- But not over- of excess over-Over- But not over- of excess over- $73 -S260 $0.00 plus 10% -$73 $227 -$600 $0.00 plus 10% -$227 $260 -$832 $18.70 plus 12% -$260 $600 -$1,745 .. $37.30 plus 12% - $600 $832 -$1,692 $87.34 plus 22% -$832 $1,745 - $3,465 . . $174.70 plus 22% -$1,745 $1,692 -$3,164 $276.54 plus 24% -$1,692 $3,465 -$6,409 $553.10 plus 24% -$3,465 $3,164 -$3,998 $629.82 plus 32% -$3,164 $6.409 -$8.077 $1,259.66 plus 32% -$6,409 $3,998 -$9,887 $896.70 plus 35% - $3.998 $8,077 -$12,003 $1.793.42 plus 35% -$8,077 $9.887 $2.957.85 plus 37% $9,887 $12.003 $3.167.52 plus 37% -$12,003 Table 5. Percentage Method-2019 Amount for One Withholding Allowance Payroll Period One Withholding Allowance Weekly $ 80.80 Biweekly 161.50 Semimonthly 175.00 Monthly 350.00 Quarterly 1,050.00 Semiannually 2,100.00 Annually................. 4,200.00 Daily or miscellaneous (each day of the payroll period) 16.20 Janet earned a salary of $900 this week and claims 2 withholding exemptions. 1 What is the amount for ONE withholding exemption (see table 5, column 2)? (Note: Janet gets paid WEEKLY) 0 2 Given the number of exemptions for Janet, how much is her income reduced? 0 3 What is the amount subject to withholding? 0 4 What is the base amount of the tax (see column 3 of table 1)? 0 5 What is the rate on the excess amount? (See Table 1, column 3) 0 6 What is the amount of income tax for the employer to withhold? 0 BASE ITEM 4 $0.00 + TAX % ITEM 5 0.00% TIMES AMT SUBJ WH (ITEM 3 $0.00 LOWER LIMIT) MINUS LOWER LIMIT) $260 TAX CALCULATION: + * )