Since Marcus is single with no dependents he is entitled to ONLY ONE allowance of $1000 per year as per Federal Income Taxes. Additionally, since he is paid weekly he is entitled to an allowance of $19 per week.
Wage Calculation | |
Weekly Pay | $425 |
Monthly Pay | $1,700 |
Annual Pay | $20,400 |
2020 Percentage Method Tables for Automated Payroll Systems for Single or Married Filing Separately | |
Range | Amount to be withheld |
$0 - $6,200 | $0.00 |
$6,200 - $11,138 | $6,200.00 |
$11,138 - $26,263 | $493.75 |
Gross to be withheld | $6,693.75 |
Allowances for single person | -$1,000.00 |
Allowances for weekly wage slab ($19 per week) | -988 |
Total Allowances | -$1,988.00 |
Net to be Witheld | $4,705.75 |
References
https://www.irs.gov/forms-pubs/2020-percentage-method-tables-for-automated-payroll-systems
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