Question

accounting

Bob Browning's weekly gross earnings for the present week were $2,690. Browning has two exemptions. Using the wage bracket withholding table in Exhibit 2 with a $75 standard withholding allowance for each exemption, what is Browning's federal income tax withholding? Round your answer to two decimal places.


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Answer #1

Total wage payment 2690

Total allowance (75*3)= 225

Amount subject to withholding 2465

Initial withholding = 302.95

+ additional withholding : 28% withholding in excess of 1533 = (28%*(2465-1533)) = 154.56

Federal income tax withholding =457.51

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