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Cross receives a monthly paycheck from a bakery plant of $3,700.30. She is married and is entitled to 3 withholding allowances. How much is her
Cross receives a monthly paycheck from a bakery plant of $3,700.30. She is married and is entitled to 3 withholding allowances. How much is her taxable income? Use the percentage method tables in Exhibit 9-1 and Exhibit 9-2 from your text. $2,662.90$3,008.70$3,181.60$3,354.50 Percentage Method Amount for One Withholding Allowance \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline \multicolumn{8}{|c|}{ TABLE 4-MONTHLY Payroll Period } \\ \hline \multicolumn{4}{|c|}{ (a) SINGLE person (including head of household)- } & \multicolumn{4}{|c|}{ (b) MARRIED person- } \\ \hline \multicolumn{2}{|c|}{\begin{tabular}{l} If the amount of wages \\ (after subtracting \\ withholding allowances) is: \end{tabular}} & \multicolumn{2}{|c|}{\begin{tabular}{l} The amount of income tax \\ to withhold is: \end{tabular}} & \multicolumn{2}{|c|}{\begin{tabular}{l} If the amount of wages \\ (after subtracting \\ withholding allowances) is: \end{tabular}} & \multicolumn{2}{|c|}{\begin{tabular}{l} The amount of income tax \\ to withhold is: \end{tabular}} \\ \hline \multicolumn{4}{|c|}{ Not over $308} & \multicolumn{4}{|c|}{ Not over $963} \\ \hline Over- & But not ove & of ex & excess over- & Over- & But not ove & of e & cess over- \\ \hline$308 & $1,102 & ..... $0.00 plus 10% & $308 & $963 & $2,550 & ..... $0.00 plus 10% & $963 \\ \hline$1,102 & $3,533 & ... $79.40 plus 12% & $1,102 & $2,550 & $7,413 & ... $158.70 plus 12% & $2,550 \\ \hline$3,533 & $7,183 & ...\$371.12 plus 22% & $3,533 & $7,413 & $14,713 & ...\$742.26 plus 22% & $7,413 \\ \hline$7,183 & $13,433 & ..$1,174.12 plus 24% & $7,183 & $14,713 & $27,213 & 2,348.26 plus 24% & $14,713 \\ \hline$13,433 & $16,975 & ..$2,674.12 plus 32% & $13,433 & $27,213 & $34,296 & ..$5,345.26 plus 32% & $27,213 \\ \hline$16,975 & $41,975 & $3,807.56 plus 35% & $16,975 & $34,296 & $50,963 & .$7,614.82 plus 35% & $34,296 \\ \hline$41,975 & & .$12,557.56 plus 37% & %$41,975 & $50,963. & & $13,448.27 plus 37% & $50,963 \\ \hline \end{tabular}
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