Booz Company received a federal tax levy on John Parlini. Parlini is single, cla

Question

Booz Company received a federal tax levy on John Parlini. Parlini is single, claims two personal exemptions, and had a take-home pay of $535.00 this week. The amount of the tax levy (in 2016) would be: Take-home pay Standard deduction Personal exemptions ($4,050 x 2) 8,100 $535.00 $6,300 $14,400÷52 weeks = 276.92 Federal tax levy $258.08 Karen Most has a federal tax levy of $2,100.50 against her. If Most is single with two personal exemptions and had a take-home pay of $499.00 this week, how much would her employer take from her pay to satisfy part of the tax levy? Round your intermediate calculations and answer to the nearest cent. Feedback Check My Work Take home pay-[(Standard deduction plus personal exemptions)/52] = Federal tax levy

Explanation / Answer

Employer will take $ 222.08 from her pay to satisfy part of tax levy.

Take home pay 499 Standard deduction 6300 personal exemption 8100 14400/52 (276.92) Federal tax levy for week 222.08

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