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Olga earned $1,558.00 during the most recent weekly pay period. She is single with 2 withholding allowances and no pre-tax deductions. Using the percentage method,

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Olga earned $1,558.00 during the most recent weekly pay period. She is single with 2 withholding allowances and no pre-tax deductions. Using the percentage method, compute Olga's federal Income tax for the period. (Do not round Intermediate calculations. Round final answer to 2 decimal places.) Table 5. Percentage Method-2018 Amount for one Withholding Allowance 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 Paid in 2018) TABLE 1-WEEKLY Payroll Period (a) SINGLE person (including head of household)- (b) MARRIED person- If the amount of If the amount of wages (after wages (after subtracting subtracting withholding withholding allowances) is: The amount of income tax to withhold is: The amount of income tax to withhold is: Not over $71...... $0 Not over $222...... $0 But not But not Over over- of excess over- Over- over- of excess over- $ 71 -$ 254 0.00 plus 10% -$ 71 $ 222 - $ 588 0.00 plus 10% - $ 222 $ 254 -$ 815 18.30 plus 12% -$ 254 $ 588 -$ 1,711 36.60 plus 12% - $ 588 $ 815 -$ 1,658 85.62 plus 22% -$ 815 $ 1,711 -$ 3,395 171.36 plus 22% -$ 1,711 $ 1,658 -$ 3,100 271.07 plus 24% -$ 1,658 $ 3,395 -$ 6,280 541.84 plus 24% -$ 3,395 $ 3,100 -$ 3,917 $ 617.16 plus 32% -$ 3, 100 $ 6,280 - $ 7,914 $ 1,234,24 plus 32% -$ 6,280 $ 3,917 -$ 9,687 $ 878.60 plus 35% -$ 3,917 $ 7,914 -$11,761 $ 1,757.12 plus 35% -$ 7,914 $ 9,687 $ 2,898.10 plus 37% -$ 9,687 $11,761 $ 3,103.57 plus 37% -$11,761 | $214.75 $2793 | $239.25

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