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You are the marketing manager for Pointer Plumbing. You are earning an annual salary of $41,600. You are single and claim 3 allowances. Using the
You are the marketing manager for Pointer Plumbing. You are earning an annual salary of $41,600. You are single and claim 3 allowances. Using the percentage method, what amount is withheld from your weekly pay for federal income tax?
Percentage Method of Withholding - Single Person Each weekly allowance is $63.46 Weekly Taxable Wage The amount of income tax withheld is: Over not over $51.00 $195 $0.00 plus (10% of the excess over $51.00) $14.40 plus (15% of the excess over $195.00) 195.00 645.00 645.00 1,482.00 $81.90 plus (25% of the excess over $645.00) Percentage Method of Withholding - Single Person Each weekly allowance is $63.46 Weekly Taxable Wage The amount of income tax withheld is: Over not over $51.00 $195 $0.00 plus (10% of the excess over $51.00) $14.40 plus (15% of the excess over $195.00) 195.00 645.00 645.00 1,482.00 $81.90 plus (25% of the excess over $645.00)
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