Example 6-4 Borden Company received a federal tax levy on John Kline. Kline is single, claims 2 personal allowances, and had a takehome pay of $62 week. The amount of the tax levy (in 2019) would be: Take-home pay $621.00 Less: Exempt amount (from Figure 6.3). 396.16 Federal tax levy $224.84 Figure 6.3 2019 Table for Amount Exempt for Tax Levy (Single Person) Filing Status: Single Pay Period Number of Exemptions Claimed on Statement 2 3 4 5 More Than 5 0 1 Daily 46.92 63.07 79.22 95.37 111.52 127.67 46.92 plus 16.15 for each dependent 234.62 plus 80.77 for each dependent Weekly 234.62 315.39 396.16 476.93 557.70 638,47 Biweekly 469.23 630.77 792.31 953.85 1115.39 1276.93 469.23 plus 161.54 for each dependent 508,33 plus 175 for Chedd Number of Exemptions Claimed on Statement Pay Period 0 1 2 3 4 5 More Than 5 Daily 46.92 63.07 79.22 95.37 111.52 127.67 Weekly 234.62 315.39 396.16 476.93 557.70 638.47 Biweekly 469.23 630.77 792.31 953.85 1115.39 1276.93 46.92 plus 16.15 for each dependent 234.62 plus 80.77 for each dependent 469.23 plus 161.54 for each dependent 508.33 plus 175 for each dependent 1016.67 plus 350 for each dependent Semimonthly 508.33 683.33 858.33 1033.331208.33 1383.33 Monthly 1016.67 1366.67 1716.67 2066.67 2416.67 2766.67 Source: Internal Revenue Service Carson Holiday has a federal tax levy of $4,119.90 against him. If Holiday is single 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. Feedback