Question

Federal Income Tax Withholding Bob Dunn's weekly gross earnings for the present week were $2,280. Dunn has two 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 (a) SINGLE person (including head of household)- If the amount of wages (after subtracting withholding allowances) The amount of income tax is: Not over $43 . $0 " Over-But not over- to withhold is: of excess over- $43 $222.. $0.00 plus 10% -$767 .. $17.90 plus 15% $767-$1,796 . " S99.65 plus 2596 $1,796-$3,700 . . $356.90 plus 28% $3,700-$7,992 . . $800.02 plus 33% $7,992 --$8,025 . . $2,306.38 plus 35% $8,025············ $2,317.93 plus 39.6% $43 $222 $222 $767 | $1,796 McGrath wage $3,700 $7,992 $8,025

Answer 1

Gross earnings	2280
Less: Exemptions	150	=75*2
Taxable income	2130
Dunn's federal income tax withholding	450.42	=356.9+(2130-1796)*28%