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John Woods' weekly gross earnings for the present week were $2,500. Woods has two exemptions. Single person (including head of household) If amount of wages
John Woods' weekly gross earnings for the present week were $2,500. Woods has two exemptions. Single person (including head of household)
If amount of wages (after subtracting withholding allowance) is: | The amount of income tax withholding is: | ||
Not over $43 | $0 |
Over | But not over | of excess over |
$43 | $222.......$0.00 plus 10% | $43 |
$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 |
Using an $80 value for each exemption and the tax rate schedule above, what is Woods' federal income tax withholding? Round your answer to two decimal places.
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