please need the answer step by step.. Thanks 14. John Woods\' weekly gross carni

Q: please need the answer step by step.. Thanks 14. John Woods' weekly gross carni

Particulars $ Total Wage Payment 2500 Allowance per exemption (80*2) -160 Amount subject to withholding 2340 Tax calculation $ Base withholding 356.9 Plus: Excess over $1796 544 (2340-1796) 900.9 Particulars $ Total Wage Payment 2500 Allowance per exemption (80*2) -160 Amount subject to withholding 2340 Tax calculation $ Base withholding 356.9 Plus: Excess over $1796 544 (2340-1796) 900.9

ID: 2577941 • Letter: P

Question

please need the answer step by step.. Thanks

14. John Woods' weekly gross carnings for the present week were $2,500. Woods has two exemptions. Using an $80 value for each exemption and the tax rate schedule below, what is Woods' federal income tax withholding? Single person (including head of houschold) If amount of wages after subtracting withholding allowance) is: The amount of income tax wilhholding is: Not over $43 $SO of excess over - -$43 But not over - Over- S43 $222 -$767 $1,796 $3.700 -$7,992 -$8,025 $0.00 plus 10% $ 17.90 plus 15% $99.65 plus 25% $356.90 plus 28% $890.02 plus 33% $2,306.38 plus 35% $2,317.93 plus 39.6% $222 $767 $767 $1,796 $3,700 $7,992 -$1,7 96 $3,700 -$7,992 -$8,025 $8,025

Explanation / Answer

Particulars

Total Wage Payment

2500

Allowance per exemption (80*2)

-160

Amount subject to withholding

2340

Tax calculation

Base withholding

356.9

Plus: Excess over $1796

544

(2340-1796)

900.9