Federal Income Tax Withholding Bob Dunn\'s weekly gross earnings for the present
ID: 2536556 • Letter: F
Question
Federal Income Tax Withholding
Bob Dunn's weekly gross earnings for the present week were $2,420. Dunn has four exemptions. Using the wage bracket withholding table below with a $63 standard withholding allowance for each exemption, what is Dunn's federal income tax withholding? Round your answer to two decimal places.
$ ?
WEEKLY Payroll Period
(a) SINGLE person (including head of household)— If the amount of wages (after subtracting withholding allowances) is: The amount of income tax to withhold is: Not over $51.... $0 Over— But not over— of excess over— $51 $198 10% $51 $198 $653 $14.70 plus 15% $198 $653 $1,533 $82.95 plus 25% $653 $1,533 $3,202 $302.95 plus 28% $1,533 $3,202 $6,916 $770.27 plus 33% $3,202 $6,916 ..... $1,995.89 plus 35% $6,916
Explanation / Answer
Taxable earnings = 2420-(63*4)= $2168 Federal income tax withholding = 302.95+(2168-1533)*0.28= $480.75
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