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.
2 answers:
Answer:
The amount of the income tax is $86.06 .
Step-by-step 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.
= 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 .
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