Question

1. Mitch Hart's gross pay for this week is $425.78. He is single and claims 2 6 points

Answer 1

Using the percentage method, the amount that Mitch's employer is going to withhold is $29.979

• The total wage payment usually received by Mitch monthly is = $425.78
• Each weekly allowance is $63.46,

• It is noted that Mitch claims two allowances = $63.46 × 2

• = $126.92

Now, the amount subject to withholding from his total wage payment is;

• = $(425.78 - 126.92)
• = $298.86

Provided that the weekly taxable wage is more than $195 but not up to $645; Then, by using the percentage method, the Federal income tax can be computed as:

• = 15% of $(298.86 - 195) + $14.40
• = 15% of $103.86 + $14.40
• = $15.579 + $14.40
• = $29.979

Therefore, we can conclude that the amount that Mitch's employer is going to withhold is $29.979

Learn more about taxable income here:

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