Question
Federal Income Tax Withholding Bob Dunn's weekly gross earnings for the present week were $2,950. Dunn has two exemptions. Using the wage bracket withholding table
Federal Income Tax Withholding
Bob Dunn's weekly gross earnings for the present week were $2,950. Dunn has two exemptions. Using the wage bracket withholding table in Exhibit 2 with a $75 standard withholding allowance for each exemption, what is Dunn's federal income tax withholding? Round your answer to two decimal places.
$
Employee Net Pay
Maxwell Friedman's weekly gross earnings for the week ended April 22 were $1,302, and his federal income tax withholding was $234.36. Assuming the social security rate is 6% and Medicare is 1.5%, what is Maxwell's net pay?
Note: If required, round your answer to two decimal places.
$
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