eBook Show Me How Calculator Print Item Federal Income Tax Withholding Bob Wolfe's weekly gross...
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eBook Show Me How Calculator Print Item Federal Income Tax Withholding Bob Wolfe's weekly gross earnings for the present week were $2,370. Wolfe has four exemptions. Using the wage bracket withholding table in Exhibit 2 with a $75 standard withholding allowance for each exemption, what is Wolfe's federal income tax withholding? Round your answer to two decimal places. Table for Percentage Method of Withholding WEEKLY Payroll Period EXHIBIT 2 Wage Bracket Withholding Table ..SO (a) SINGLE person (including head of household) - If the amount of wages (after subtracting withholding allowances) The amount of income tax is: to withhold is: Not over $43.... Over - But not over- of excess over- $43 - $222.. $0.00 plus 10% $43 $222 -S767 .. $17.90 plus 15% $25 $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 McGrath wage bracket
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