Question

Federal Income Tax Withholding Bob Dunn's weekly gross earnings for the present week were $2,490. Dunn has two exemptions. Using the wage bracket withholding table below with a $63 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) is: The amount of income tax to withhold is: Not over $51.... $0 Over— But not over— of excess over— $51 $198 10% $51 $198 $653 $14.70 plus 15% $198 $653 $1,533 $82.95 plus 25% $653 $1,533 $3,202 $302.95 plus 28% $1,533 $3,202 $6,916 $770.27 plus 33% $3,202 $6,916 ..... $1,995.89 plus 35% $6,916 $

Answer 1

Gross earnings	2490
Less: Exemption	126	=63*2
Taxable earnings	2364
Dunn's federal income tax withholding	535.63	=302.95+(2364-1533)*28%