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Tam Worldly's weekly gross earnings for the present week were $2,000. Worldly has two exemptions. Using the wage bracket withholding table in Exhibit 2

with a $75 standard withholding allowance for each exemption, what is Worldly's federal income tax withholding? If required, round your answer to two
decimal places.

User Limin
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1 Answer

13 votes

Answer: $‭391.71‬

Step-by-step explanation:

Tam earned $2,000 for the week.

There are two exemptions with each of them valued at a $75 allowance.

Net earnings = 2,000 - (75 * 2)

= $1,850

Based on the table, this falls under the $1,533 to $3,202 bracket.

Federal income tax withholding is:

= 302.95 + 28% * (1,850 - 1,533)

= 302.95 + ‭88.76‬

= $‭391.71‬

Tam Worldly's weekly gross earnings for the present week were $2,000. Worldly has-example-1
User Batwadi
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