Question

Brent Andus is a married employee claiming 2 withholding alliances. He earns $835 per week. His combined income tax, social security and medicate tax is $124.88. What is the amount of his Federal Income Tax per week? (Report two decimal)

Answer 1

Brent Andus' Federal Income Tax per week is calculated by subtracting his Social Security and Medicare tax contributions from his total tax withheld, which ends up being $61.00 per week.

Step-by-step explanation:

The student asked, "Brent Andus is a married employee claiming 2 withholding allowances. He earns $835 per week. His combined income tax, social security, and Medicare tax is $124.88.

What is the amount of his Federal Income Tax per week?" To calculate the Federal Income Tax, we need to subtract the contributions for Social Security and Medicare from the total tax amount. As of the latest information, the Social Security tax rate is 6.2%, and the Medicare tax rate is 1.45%. Given Brent's weekly earnings of $835, his Social Security tax would be 0.062 x $835 = $51.77, and Medicare tax would be 0.0145 x $835 = $12.11.

So the total of these two taxes is $51.77 + $12.11 = $63.88. By subtracting this from the combined tax amount $124.88 - $63.88, we find that Brent's Federal Income Tax per week is $61.00.