Federal Income Tax Withholding Bob Avery's weekly gross earnings for the present week were $2,720. Avery has four exemptions. Using the wage bracket withholding table in Exhibit 2 with a $75 standard withholding allowance for each exemption, what is Avery's federal income tax withholding? Round your answer to two decimal places 1,752.65X Foedbook 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 withheld; 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 daiming. EXHIBIT 2 Table for Percentage Method of Withholding WEEKLY Payroll Period Wage Bracket Withholding Table (a) SINGLE person (including head of household)- If the amount of wages (after subtracting withholding allowances) The amount of income tax is: Not over $43 to withhold is: Over-But not over- of excess over- $43 -$222 . . $0.00 plus 10% $43 -$767 . . $17.90 plus 15% -$1,796 . . $99.65 plus 25% $1,796 --$3,700 . . $356.90 plus 28% $3,700-$7,992 . . $890.02 plus 33% $7,992 _$8,025 . . $2,306.38 plus 35% $2,317.93 plus 39.6% $222 $767 $222 $767 McGrath wage bracket $1,796 $3,700 $7,992 $8,025 $8,025