Question
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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