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Table for Married TaxpayersOverBut not over$154$449......................10% of excess over ...

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Table for Married TaxpayersOverBut not over$154$449......................10% of excess over ...

Table for Married Taxpayers

Over	But not over
$154	$449......................10% of excess over $154
$449	$1,360...................$29.50 plus 15% of excess over $449
$1,360	$2,573...................$166.15 plus 25% of excess over $1,360
$2,573	$3,907...................$469.40 plus 28% of excess over $2,573
$3,907	$6,865...................$842.92 plus 33% of excess over $3,907
$6,865...........................................$1,819.06 plus 35% of excess over $6,865

Dennis Mason had gross earnings of $875 last week. He is married and claims allowances for himself, his wife, and two dependent children. The weekly withholding allowance for each dependent is $65.38. Using the Table for Married Taxpayers above, figure the amount that will be withheld from his paycheck for federal income tax. (Figure withholding to the nearest cent.)

Textbook

Contemporary Business Mathematics for Colleges

Edition: 16^th

Authors: Deitz, Southam

Read 34 times

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