Grace Kelley earns $2,000 per week. She is married and claims 2 exemptions. What is Grace's income tax? Use the percentage method. (Use Table 91 and Table 92.) (Round your final answer to the nearest cent.) Grace's income tax TABLE 9.1 Percentage method income tax withholding allowances Payroll Period Weekly .. Biweekly Semimonthly Monthly.. Quarterly ... Semiannually Annually Daily or miscellaneous (each day of the payroll period) One Withholding Allowance $ 79.80 159.60 172.90 345.80 1,037.50 2.075.00 4,150.00 16.00 Percentage Method Tables for Income Tax Withholding (For Wages Pald In 2018) SO TABLE 1-WEEKLY Payroll Period (a) SINGLE person (ncluding head of household) (b) MARRIED person If the amount of wages (after subtracting If the amount of wages witholding allowances) is The amount of income tax to withhold (after subtracting The Amount of income tax Not over $71. withholding allowances) to withhold is Not over $22 . Over But not over of excerover-Over But not over- 71 -$254 $0.00 plus 10% of excess over $71922 $588. $0.00 plus 10% $254 9815 -$222 $18.30 plus 12% -$2546 $1,711 $36 60 plus 1245 $815 $1,650 $85.62 plus 2296 -$500 $015 $1,711 $3.395 $171.36 plus 29 -$1,711 $1,650 - 0,100 1.5271.08 plus 24% -61.650 39,395 56,200 $541.64 plus 24 - 0,300 $3,100 -$3.917 .5017.10 plus 32% -3.100 $0.200 -$7.914.. $1.234.24 plus 32% $6,280 $3.917 -30.687 .078.00 plus 38% $3917 $7.914 $11.701 $1.757,12 plus 39 $7,014 $9.087 $2898.10 plus 37% 30007L $11. 761 3 3, 103.37 plus 37% $11.761 TABLE 2-BIWEEKLY Payroll Period The amount of income tax to withheld is 30 (a) SINGLE person including head of household) (6) MARRIED person If the amount of wages of the amount of wages (after subtracting The amount of income tax (after subtracting witholding allowance) is: to withhold : withholding allowances) is Not over $142 Not Over $144 Over But not over- of excess over Over But not over S142 -5303 S0.00 plus 10% -$142 5 444 $1,177 S509 -$1.531 536. Toplus 12 $509 51.177 $3.421 $1,531 - 315 S171.34 plus 2296 $1631 421 - $6.790 $3,315 58.200 $541.82 plus 24% $3 315 ,00 512 550 $6.200 S7 835 S1 234 22 plus 32% $6200 S12580 $15.829 $7,835 $19.373 $1.757 42 plus 354 57835 $15.829 $23.521 $19.373 $5.795 72 plus 37 -$19373 $23.521 TABLE 2-DIWEEKLY Payroll Period $0.00 plus 10% 573 30 plus 12% $342 58 plus 2 S1083.76 plus 20% SURA 32 $3.514.64 plus 35 $6.208.84 plus 37 of excess over- $444 $1,177 -$3.421 -$8.790 -$12.560 -$15.829 $23,521 The amount of income tax to withheld is (a) SINGLE person (ncluding head of household If the amount of wages (after subtracting The amount of income withholding allowances) is to withholds Not Over $142 Over But not over 5142 -5509 $000 plus 100 $509 $1.531 So plus 12 $1,531 S 315 517134 plus 2296 S3.315 LS1200554132 s 24 S5.200 $7.835 51234 22 alus 22 (6) MARRIED person If the amount of Wagos cataracting withholding allowanca) i Not over $464 of excess over- Over But not over $142544451177 5509 1.177 -$3,421 51.631 53421 56.790 $3315 se, 790 --$12.550 -S6200 $12.560 5 15.829 $0.00 US 1096 573 30 plus 12 5342 58 plus 22 083.76 plus 24%. 52.468.56 plus 32 of excess over- $144 S1.177 $3,421 -56.790 $12.560 S -5144 -$3,315 -S1,172 $7.835 22 521 $142 $509 $0.00 plus 10% -3142 5509 $1,631 9444 $1,177 .. $0.00 plus 10% $38.70 plus 12% $509 $1,631 $1,177 5171.34 plus 22% -$3,421. 573 30 plus 12% -$1.631 $2,421 $3,315 $8,200 $541.82 plus 24% 56,790 .. $342.58 plus 22% $3,315 $8,790 -$3,421 $8.200 57835 -$12,560 .. $1,083.78 plus 24% $1.234.22 ohuis 3242 $6.200 $12560 -$8,790 -$15.829.. 52.488.56 olis 32% -$19.373 $1,757.42 plus 35% -$7.835 $15.829 $12.560 $19.373 $5795.72 plus 37% -$23.521.. $3.514.64 plus 35% -$15.829 $19373 $22.521. 58,206.84 plus 37% TABLE 3 GEMINONTHLY Payroll Period (a) SINGLE person (ncluding head of household) |(6) MARRIED person If the amount of wages (alter Subtracting if the amount of wages The amount of income tax withinolding allowances) is: after subtracting to withhold is: The amount of income tax withholding allowances) is to withhold is Not over $154 .. $0 Nol over $481 ... Over But not over- of excess over-Over But not over- of excess over $154 $551 $0 pline 10 $144 SAA1 $1.975 $non plus 104 -$481 $551 $1.767 $39.70 plus 12% -$551 $1,275 - $3,706 $79.40 plus 12% $1,275 $1,767 $3,592.. $185.62 plus 22% -$1,767 $3,706 $7,356 .. $371.12 plus 22% -$3,706 $3,592 -$8.717 $587.12 plus 24% $35021 $7,356 $13.606 $1.174.12 plus 20% $7356 $6,717 $9,489 . $1,337.12 plus 32% $6.7171 $13.G06 -$17,148 $2.674.12 plus 32% $13.605 $8,488 -$20,089 $1.003.84 plus 35% $8.488 $17,148 $25,481 $3.807.56 plus 36% $17.14B $20,988 $6278.84 plus 37% $20.000 $26.481 $6.724.11 plus 37% GOS, 401 TABLE 4-MONTHLY Payroll Period The amount of income tax to withhold is SO (1) SINGLE person including head of household) (b) MARRIED person W the amount of wagos of the amount of wages (after subtracting The amount of income tax (aftoroubtracting withholding allowances) is: to withholdis: withholding allowances) is Not over $300. Not over $063 Over but not over of excess over Over but not over $308 31.102 $0.00 plus 10% -$308 $963 -$2.550 $1,102 -$3.533. 79.40 plus 12% -$1.102 $2,550 $7,413 $3,533 -57,183 .. $371.12 plus 22% $353357.413 514,713 $7,183 --$13,433, S1,174.12 plus 24 --$7.183 $14.713 --$27,213 $13,433 -$16.975 $2.674.12 plus 32% $13433 $27.213 -$34,296 $16.975 --541,975. $3,807 56 plus 35% $16.975 $34 290 -$50.303 541.975 $12.557 56 plus 379 541 975 SSC 953 30.00 plus 106 $158.70 plus 126 $742 20 plus 22 $2,348.26 plus 24% $5.348.20 plus 32% 7,014,2 plus 356 $13.448 27 pus 37 of excess over- -$903 -$2.550 $7413 - $14.713 -$27.213 531,290 -$50.963