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Patricke Meelon works for a company that uses a percentage method to compute income tax withheld. Patricke is single and claims one allowance of $63.36 each week. He earns $725 per week. Find the amount of income tax withheld.

Patricke Meelon works for a company that uses a percentage method to compute income-example-1
User Big Russ
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2 Answers

4 votes
The answer is $86.06
User Karthik Chandraraj
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Answer:

The amount of the income tax is $86.06 .

Explanation:

As given

Patricke Meelon works for a company that uses a percentage method to compute income tax withheld.

Patricke is single and claims one allowance of $63.36 each week.

He earns $725 per week.

Patrick earning after deducting allowance = Patrick earning per week - Allowance

Patrick earning after deducting allowance = $725 - $63.36

= $661.64

As shown in the table as the $661.64 lies between $645 and $1482.

$81.90 plus (25% of the excess over $645.00)

25% is written in the decimal form.


= (25)/(100)

= 0.25

Patrick earning over $645 = $ 661.64 - $ 645

= $16.64

Thus

Amount of income tax = 81.90 + 0.25 × 16.64

= 81.90 + 4.16

= $ 86.06

Therefore the amount of the income tax is $86.06 .

User The Schwartz
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