Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Adele Martins weekly gross earnings for the present week were $5,000. Martins has two exemptions. Using an $80 value for each exemption and the tax
Adele Martins weekly gross earnings for the present week were $5,000. Martins has two exemptions. Using an $80 value for each exemption and the tax rate schedule below, what is Martins federal income tax withholding?
Use the table below to answer this question
Single person (including head of household) If amount of wages (after subtracting The amount of income tax withholding allowance) is: withholding is: Not over $43 $0 Over- $43 $222 $767 $1,796 $3,700 $7,992 $8,025 But not over- -$222.......$0.00 plus 10% -$767......$17.90 plus 15% -$1,796...$99.65 plus 25% -$3,700...$356.90 plus 28% -$7,992.$890.02 plus 33% -$8,025....$2,306.38 plus 35% .................$2,317.93 plus 39.6% of excess over- -$43 -$222 -$767 -$1,796 -$3,700 $7,992 -$8,025 Total wage payment Allowance per exemption Multiplied by allowances claimed on Form W-4 Amount subject to withholding Base withholding from wage bracket above Plus additional withholding: Federal income tax withholding Single person (including head of household) If amount of wages (after subtracting The amount of income tax withholding allowance) is: withholding is: Not over $43 $0 Over- $43 $222 $767 $1,796 $3,700 $7,992 $8,025 But not over- -$222.......$0.00 plus 10% -$767......$17.90 plus 15% -$1,796...$99.65 plus 25% -$3,700...$356.90 plus 28% -$7,992.$890.02 plus 33% -$8,025....$2,306.38 plus 35% .................$2,317.93 plus 39.6% of excess over- -$43 -$222 -$767 -$1,796 -$3,700 $7,992 -$8,025 Total wage payment Allowance per exemption Multiplied by allowances claimed on Form W-4 Amount subject to withholding Base withholding from wage bracket above Plus additional withholding: Federal income tax withholding
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started