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Federal Income Tax Withholding Bob Avery's weekly gross earnings for the present week were $2,660. Avery has three exemptions. Using the wage bracket withholding table
Federal Income Tax Withholding Bob Avery's weekly gross earnings for the present week were $2,660. Avery has three exemptions. Using the wage bracket withholding table in Exhibit 2 with a $81 standard withholding allowance for each exemption, what is Avery's federal income tax withholding? Round your answer to two decimal places. $ Feedback Check My Work When using the withholding wage bracket, the first two columns are used to determine which bracket the employee's earnings fall into; the third column shows the minimum amount of federal income tax to be hheld; and the final column indicates how much additional tax must be withheld above the minimum. Locate the proper withholding wage bracket in the withholding table. Pay attention to how many exemptions the employee is claiming. EXHIBIT 2 Wage Bracket Withholding Table Percentage Method Tables for Income Tax Withholding* (For Wages Paid in 20Y6) TABLE 1-WEEKLY Payroll Period (a) SINGLE person (including head of household) If the amount of wages (after subtracting withholding allowances) The amount of income tax is: to withhold is: Not over $73..... $0 Over- But not over- of excess over- $73 - $260.. $0.00 plus 10% -$73 $260 - $832 .. $18.70 plus 12% - $260 $832 - $1,692 .. $87.34 plus 22% -$832 $1,692 -$3,164 . . $276.54 plus 24% - $1,692 $3,164 -$3,998 .. $629.82 plus 32% - $3,164 $3,998 -$9,887 $896.70 plus 35% -$3,998 $9,887 $2,957.85 plus 37% - $9,887 "Based upon 2019 withholding tables. McGrath wage bracket
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