Federal Income Tax Withholding Bob Wolfe's weekly gross earnings for the present week were $2,640. Wolfe has three exemptions. Using the wage bracket withholding table in Exhibit 2 with a $75 standard withholding allowance for each exemption, what is Wolfe's federal income tax withholding? Round your answer to two decimal places. EXHIBIT 2 Wage Bracket Withholding Table 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) The amount of income tax is: to withhold is: Not over $43... SO Over But not over- of excess over- - $222..50.00 plus 10% $43 $222 -S767 .. $17.90 plus 15% 5222 $767 --1,796.590.65 plus 25% 5767 McGrath wage bracket 51,796 -$3,700 $356.90 plus 28% $1,796 59,700 -57,992 .. $800,02 plus 33% $3,700 57,992 -59,025 $2,306.38 plus 35% $7,092 $8,025 $2,317 93 plus 39.6% S025