Question: ABC Co.pays a weekly payroll. Using the portion of the Wage Bracket Withholding Table below, what is the amount of federal income tax to withhold

ABC Co.pays a weekly payroll. Using the portion of the Wage Bracket Withholding Table below, what is the amount of federal income tax to withhold for this pay period for a single employee whose grass earning is $855 and who counted 1 withholding allowance? Assume that one withholding allowance = $75. Wage Bracket Withholding Table: Table for Percentage Method of Withholding WEEKLY Payroll Period SINGLE person (including head of household) (Assume $75 withholding allowance.) If the amount of wages (after subtracting withholding allowances) is: The amount of income tax to withhold is: Not over $43.. $0 Over But not over of excess over $43 -$222 $0.00 plus 10% -$43 $222 $767 $17.90 plus 15% $222 $767 $1,796 $99.65 plus 25% $767

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