The percentage method of withholding for federal income tax (2022) states that a single person whose weekly
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The percentage method of withholding for federal income tax (2022) states that a single person whose weekly wages, after subtracting withholding allowances, are over $981, but not over $1760, shall have $146.26 plus 24% of the excess over $981 withheld. Over what range does the amount withheld vary if the weekly wages vary from $1000 to $1200, inclusive?
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Lets calculate the amount withheld for weekly wages varying from 1000 to 1200 ...View the full answer
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