Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Federal Income Tax Withholding Bob Browning's weekly gross earnings for the present week were $2,330. Browning has four exemptions. Using the wage bracket withholding table
Federal Income Tax Withholding Bob Browning's weekly gross earnings for the present week were $2,330. Browning has four exemptions. Using the wage bracket withholding table below with a $63 standard withholding allowance for each exemption, what is Browning's federal income tax withholding? Round your answer to two decimal places.
Table for Percentage Method of Withholding WEEKLY Payroll Period (a) SINGLE person (including head of household)- If the amount of wages (after subtracting withholding allowances) is tax to withhold is: Not over $51. The amount of income $0 Over- $51 $198 $653 $1,533 But not over- $198 $653 $1,533 $3,202 $6,916 of excess over- 10% $14.70 plus 15% $82.95 plus 25% $302.95 plus 28% $770.27 plus 33% $1,995.89 plus 35% $51 $198 $653 $1,533 $3,202 $6,916 $3,202 $6,916Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started