Question: please need the answer step by step.. Thanks 14. John Woods' weekly gross carnings for the present week were $2,500. Woods has two exemptions. Using

 please need the answer step by step.. Thanks 14. John Woods'

please need the answer step by step.. Thanks

14. John Woods' weekly gross carnings for the present week were $2,500. Woods has two exemptions. Using an $80 value for each exemption and the tax rate schedule below, what is Woods' federal income tax withholding? Single person (including head of houschold) If amount of wages after subtracting withholding allowance) is: The amount of income tax wilhholding is: Not over $43 $SO of excess over - -$43 But not over - Over- S43 $222 -$767 $1,796 $3.700 -$7,992 -$8,025 $0.00 plus 10% $ 17.90 plus 15% $99.65 plus 25% $356.90 plus 28% $890.02 plus 33% $2,306.38 plus 35% $2,317.93 plus 39.6% $222 $767 $767 $1,796 $3,700 $7,992 -$1,7 96 $3,700 -$7,992 -$8,025 $8,025

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!