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 $928 and who counted 1 withholding allowance? Withholding allowance is $75

Answers:

$853.00

$124.45

$28.50

$739

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 SO Not over S42. of excess over-- ver- But not over-- S42 --S214 0.00 plus 10% ----S42 S214 ---S739 S1720 plus 15% ---S214 S739 S739 S1,732 $95.95 plus 25% S1,732 ---S1,732 --S3,566 S344.20 plus 28% --s,703 S857.72 plus 33% S3,566 S3,566 S7,735 22.93 plus 35% ---S,703 S7,703 S, 735 234.13 plus 39 696 ---S,735