Federal Income Tax Withholding Bob Browning\'s weekly gross earnings for the pre

Question

Federal Income Tax Withholding Bob Browning's weekly gross earnings for the present week were $1,060. Browning has three exemptions. Using the wage bracket withholding table below with a $63 standard withholding allowance for each exemption, what is Browning's federal income tax withholding? Round your answer to two decimal places. Table for Percentage Method of Withholding WEEKLY Payroll Period (a) SINGLE person (including head of household)- The amount of income If the amount of wages (after subtracting withholding allowances) is ax to withhold is: Not over $51. $0 But not over- $198 $653 Over- of excess over_ $51 $198 $653 $1,533 $3,202 $6,916 10% $14.70 plus 15% $82.95 plus 25% $302.95 plus 28% $770.27 plus 33% $1,995.89 plus 35% $51 $198 $653 $1,533 $3,202 $6,916 $1,533 $3,202 $6,916

Explanation / Answer

Gross wages $1,060 Less: withholding allowance 189 (63*3) Wages on which federal income tax witholding to be calculated $871 Federal income tax witholding 10%*(871-51) 82.00 ans 2 Gross wages $2,500 Less: withholding allowance 150 (75*2) Wages on which federal income tax witholding to be calculated $2,350 Federal income tax witholding 302.95+((28%*(2350-1533)) $531.71 If any doubt please comment

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