Assume that the MUST Co. pays a weekly payroll. Using the portion of the Wage Bracket Withholding Table given, what would be the amount of federal income tax to withhold for this pay period for a single employee whose gross earning is $1,250 and who counted 1 withholding allowance? Table for Percentage Method of Withholding WEEKLY Payroll Period SINGLE person(including head of household)-- Assume the deduction for each withholding allowance is $75. If the amount of wages (after The amount of income subtracting tax to withhold withholding allowances) is: is $0 Not over $43.... ver--- But not over-- of excess over- $43 ---$222 $ 0.00 plus 10% ---$43 $222 ---$767 $17.90 plus 15% ---$222 $767 ---$1,796 $99.65 plus 25% --- $767 $1,796 --$3,700 $356.90 plus 28% ---$1,796 $3,700 ---$7,992 $890.02 plus 33% ---$3,700 $7,992 ---$8,025 $2,306.38 plus 35% ---$7,992 $8,025 $2,317.93 plus 39.6% ---$8,025 0000 $99.65 O $102.00 $312.50 $201.65 Assume that the company bought a piece of equipment on July 1 for $120,000, has an estimated residual value of $10,000, and an estimated useful life of 5 years. What is the amount of depreciation for the first six months of use using the straight-line method of computing depreciation? $11,000 $44,000 $24,000 $22,000