Me How Federal Income Tax Withholding Bob Dunns weekly gross

Me How Federal Income Tax Withholding Bob Dunn\'s weekly gross earnings for the present week were $2,840. Dunn has two 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 Table for Percentage Method of Withholding WEEKLY Payroll Period (a) SINGLE person (including head of household)- If the amount of wages (after subtracting withholding allowances) is: Not over $51.... The amount of income tax to withhold is: 50 But not over- $198 $653 $1,533 $3,202 $6,916 of excess over- $51 $198 $653 $1,533 $3,202 $6,916 1 090 $14.70 plus 15% S82.95 plus 25% $302.95 plus 28% $770.27 plus 33% $1,995.89 plus 35% $51 $198 $653 $1,533 $3,202 $6,916

Solution

Bob Dunn\'s gross earnings after deducting two standard IRS withholding allowance = $ 2,840 - 2 * $ 63

Bob Dunn\'s gross earnings after withholding allowance = $ 2,714

Bob Dunn\'s federal income tax withholding = $ 302.95 + 0.28 * ( $ 2714 - $ 1533)

Bob Dunn\'s federal income tax withholding = $ 633.63