Example 6-4

Booz Company received a federal tax levy on John Parlini. Parlini is single, claims two personal exemptions, and had a take-home pay of $535.00 this week. The amount of the tax levy (in 2017) would be:

Take-home pay			$535.00
Standard deduction	$6,350
Personal exemptions ($4,050 2)	8,100
	$14,450	52 weeks =	277.88
Federal tax levy			$257.12

Carson Holiday has a federal tax levy of $4,119.90 against him. If Holiday is married with three personal exemptions and had a take-home pay of $1,020.00 this week, how much would his employer take from his pay to satisfy part of the tax levy?

Round your intermediate calculations and final answer to the nearest cent.

$

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Take home pay - [(Standard deduction plus personal exemptions)/52] = Federal tax levy