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Example 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

Example

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

Question:

Carson Holiday has a federal tax levy of $4,128.50 against him. If Holiday is married with three personal exemptions and had a take-home pay of $1,220.00 this week, how much would his employer take from his pay to satisfy part of the tax levy?

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

$

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