Bob Browning\'s weekly gross earnings for the present week were $2,360. Browning
ID: 2466580 • Letter: B
Question
Bob Browning's weekly gross earnings for the present week were $2,360. Browning has four exemptions. Using the wage bracket withholding table below with a $63 standard withholding allowance for each exemption, what is Browning's federal income tax withholding? Round your answer to two decimal places.
Table for Percentage Method of WithholdingWEEKLY 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
Explanation / Answer
Gross Wages = 2360
Total Allowance( exemption) = 63 x 4,= 252
Taxable gross wage= 2360 -252 ,= 2108
Using above data
witholding can be callculated as
(28 % on amount exceeding 1533) + 302.95
i.e [(2108-1533) x 28%, ] + 302.95 , = 161 +302.95,
=463.95
Federral income Tax withholding = 463.95