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Federal Income Tax Withholding Bob Wolfe's weekly gross earnings for the present week were $2,550. Wolfe has four exemptions. Using the wage bracket withholding table in Exhibit 2 with a $75 stand...

Federal Income Tax Withholding

Bob Wolfe's weekly gross earnings for the present week were $2,550. Wolfe has four exemptions. Using the wage bracket withholding table in Exhibit 2 with a $75 standard withholding allowance for each exemption, what is Wolfe's federal income tax withholding? Round your answer to two decimal places.

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withholding income for the week = $2,550 - Standard withholding allowance $75 = $2,475.

Withholding tax bracket @ Tax to be withheld
51 - 198 10% 14.70
198 - 653 15% 68.25
653 - 1,533 25% 220.0
1,533 - 2,475 28% $263.76
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