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Federal Income Tax Withholding Bob Dunn's weekly gross earnings for the present week were $2,340. Dunn has four exemptions. Using the wage bracket withholding table
Federal Income Tax Withholding
Bob Dunn's weekly gross earnings for the present week were $2,340. Dunn has four 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.
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: to withhold is: Not over $43... $0 Over But not over- of excess over- - $222 .. $0.00 plus 10% $222 - $767 . . $17.90 plus 15% $222 $767 -$1,796 .. $99.65 plus 25% $767 $1,796 -$3,700 .. $356.90 plus 28% $1,796 $3,700 -$7,992 .. $890.02 plus 33% $3,700 $7,992 -$8,025 .. $2,306.38 plus 35% $7,992 $8,025 $2,317.93 plus 39.6% $8,025 $43 $43 McGrath wage bracketStep by Step Solution
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