Practice

Bob Dunn's weekly gross earnings for the present week were $2,140. Dunn has three exemptions. Using the wage bracket withholding table in Exhibit 2 with a $81 standard withholding allowance for each exemption, what is Dunn's federal income tax withholding? Round your answer to two decimal places. Maxwell Friedman's weekly gross earnings for the week ended April 22 were $1,906, and his federal income tax withholding was \$343.08. Assuming that the social security rate is 6% and Medicare is 1.5% of all earnings, what is Maxwell's net pay? Round your answer to two decimal places. $