Len Mast earned $2,700 in the last 2 weeks. He is married, is paid biweekly, and claims 3 exemptions. What is Len's FIT? Use the percentage method. (Use Table 7.1 and Table 7.2). (Round your answer to the nearest cent.) FIT Payroll Period Weekly Biweekly Semimonthly One Withholding Allowance $ 76.90 153.80 166.70 Monthly 333.30 Quarterly 1,000.00 Semiannually 2,000.00 Annually 4,000.00 Daily or miscellaneous (each day of the payroll period) .... 15.40 $2,307.52 plus 39.6% Percentage Method Tables for Income Tax Withholding (a) SINGLE person (including head of household)- If the amount of wages (after subtracting withholding allowances) is: TABLE 1-WEEKLY Payroll Period The amount of income tax to withhold is: Not over $44... .. $0 Over- But not over- $44 -$222 $0.00 plus 10% $222 -$764 $17.80 plus 15% $764 -$1,789 $99.10 plus 25% $1,789 -$3,685 $355.35 plus 28% $3,685 -$7,958. $886.23 plus 33% $7,958 -$7,990. $2,296.32 plus 35% $7,990 (b) MARRIED person- If the amount of wages (after subtracting withholding allowances) is: Not over $165......... $0 of excess over-Over- But not over- $44 $165 The amount of income tax to withhold is: of excess over- $222 $520 -$764 $1,606 -$520 -$1,606. -$3,073 $0.00 plus 10% -$165 $35.50 plus 15% -$520 . $198.40 plus 25% -$1,606 -$1,789 $3,073 -$4,597 $565.15 plus 28% -$3,073 -$3,685 $4,597 -$7,958 $8,079 $7,990 $9,105 -$8,079. $991.87 plus 33% -$9,105 $2,140.93 plus 35% $2,500.03 plus 39.6% -$4,597 -$8,079 -$9,105 TABLE 2-BIWEEKLY Payroll Period (a) SINGLE person (including head of household) If the amount of wages (b) MARRIED person- If the amount of wages Over- (after subtracting withholding allowances) is: Not over $88 But not over- The amount of income tax to withhold is: $0 $88 -$443 $0.00 plus 10% -$88 $331 $443 -$1,529 $1,529 -$3,579 $35.50 plus 15% $198.40 plus 25% $443 $1,040 (after subtracting withholding allowances) is: Not over $331 ... of excess over-Over- But not over- $0.00 plus 10% $70.90 plus 15% The amount of income tax to withhold is: $0 of excess over- -$1,040 -$331 -$3,212 -$1,040 -$1,529 $3,212 -$6,146 $396.70 plus 25% -$3,212 $3,579 -$7,369 $7,369 -$15,915 $15,915 -$15,981 $15,981 $710.90 plus 28% $1.772.10 plus 33% $4.592.28 plus 35% $4.615.38 plus 39.6% $3,579 $6,146 -$9,194 $1,130.20 plus 28% -$6,146 -$7,369 $9,194 -$16,158 $1,983.64 plus 33% -$9,194 -$15,915 $16,158 -$18,210 $4,281.76 plus 35% -$16,158 -$15,981 $18,210 $4,999.96 plus 39.6% -$18,210 TABLE 3-SEMIMONTHLY Payroll Period (a) SINGLE person (including head of household) (b) MARRIED person- If the amount of wages If the amount of wages (after subtracting Not over $96... withholding allowances) is: Over- But not over- $96 -$480 The amount of income tax to withhold is: .. So $0.00 plus 10% $480 -$1,656 $38.40 plus 15% (after subtracting withholding allowances) is: Not over $358.... ... of excess over-Over- But not over- -$96 $358 -$1,127. The amount of income tax to withhold is: $0 of excess over- $480 $1,127 -$3,479 $0.00 plus 10% $76.90 plus 15% -$358 -$1,127 $1,656 -$3,877 $214.80 plus 25% $1,656 $3,479 -$6,658 $3,877 -$7,983 $770.05 plus 28% -$3,877 $6,658 -$9,960 $429.70 plus 25% $1,224.45 plus 28% -$3,479 -$6,658 $7,983 -$17,242 $1.919.73 plus 33% -$7,983 $9,960 -$17,504 $2,149.01 plus 33% -$9,960 $17,242 -$17,313 $4.975.20 plus 35% -$17,242 $17,504 -$19,727 $17,313 $5.000.05 plus 39.6% -$17,313 $19,727 $4,638.53 plus 35% $5,416.58 plus 39.6% -$17,504 -$19,727