n.do Show Me How Federal Income Tax Withholding Bob Wolfe\'s weekdy gross earnin

Question

n.do Show Me How Federal Income Tax Withholding Bob Wolfe's weekdy gross earnings for the present week were $2,290. Wolfe has four exemptions. Using the wage standard witholding allowance for each exe fedurl lcome ta withaling ond yor aneme to Table for Percentage Method of Withholding WEEKLY Payroll Period (a) SINGLE person (incduding head of household)- If the amount of wages (after subtracting withholding allowances) is: The amount of income tax to withhold is: $0 Not over $51.... of excess $198 $653 $1,533 $51 $198 $198 $14.70 plus 15% $653 $3,202 $6,916 $770.27 plus 33% 53,202 $6,916

Explanation / Answer

Amount of wages after deducting withholding allowances = 2290 - (63*4)= 2038$

The witholding tax = 302.95+ (2038-1533)*0.28= 302.95+141.4= 444.35$

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