Question

Federal Income Tax Withholding

Bob Dunn's weekly gross earnings for the present week were $2,550. Dunn has four exemptions. Using the wage bracket withholding table in Exhibit 2 with a $75 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 EXHIBIT 2 Wage Bracket Withholding Table ....$0 (a) SINGLE person (including head of household) - If the amount of wages (after subtracting withholding allowances) The amount of income tax is: to withhold is: Not over $43............ Over - But not over- of excess over- $43 - $222 . . $0.00 plus 10% $43 $222 - $767 . . $17.90 plus 15% $222 $767 -$1,796 .. $99.65 plus 25% H $1,796 -$3,700 .. $356.90 plus 28% $1,796 $3,700 -$7,992 .. $890.02 plus 33% $3,700 $7,992 -$8,025 . . $2,306.38 plus 35% $7,992 $8,025 . . . . . . . . . . . . $2,317.93 plus 39.6% $8,025 $767 McGrath wage bracket

Answer 1

Gross earnings	2550
Less: Exemptions	300	=75*4
Taxable earnings	2250
Federal income tax withholding	484.02	=356.90+(2250-1796)*28%