Question 6.4.1: Benito Flores works for Apple. He is single and claims no wi......

Business Mathematics [1175844]

Benito Flores works for Apple. He is single and claims no withholding allowances since he prefers to get money back from the government when filing his income tax return. This choice will increase the amount withheld from his paycheck every week. Use the wage bracket method to find his withholding tax for a 25-hour workweek in which his gross earnings were $368.

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Use the table for single person, weekly payroll. The earnings of $368 are found in the row of “at least 360 but less than 370.” Look in that row and the column for 0 withholding allowances to find $39, which is the amount that should be withheld.

SINGLE Persons—WEEKLY Payroll Period (For Wages Paid through December 31, 2016)
And the number of withholding allowances claimed is —											And the wages are –
10	9	8	7	6	5	4	3	2	1	0	But less than	At least
The amount of income tax to be withheld is —											But less than	At least
0	0	0	0	0	0	0	8	16	26	38	360	350
0	0	0	0	0	0	1	9	17	28	39	370	360
0	0	0	0	0	0	2	10	18	29	41	380	370
0	0	0	0	0	0	3	11	19	31	42	390	380
0	0	0	0	0	0	4	12	20	32	44	400	390
0	0	0	0	0	0	5	13	22	34	45	410	400
0	0	0	0	0	0	6	14	23	35	47	420	410
0	0	0	0	0	0	7	15	25	37	48	430	420
0	0	0	0	0	0	8	16	26	38	50	440	430
0	0	0	0	0	1	9	17	28	40	51	450	440
0	0	0	0	0	2	10	18	29	41	53	460	450
0	0	0	0	0	3	11	19	31	43	54	470	460
0	0	0	0	0	4	12	21	32	44	56	480	470
0	0	0	0	0	5	13	22	34	46	57	490	480
0	0	0	0	0	6	14	24	35	47	59	500	490
Source: Department of the Treasury Internal Revenue Service.

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