Maggie Vitteta, single, works 36 hours per week at $20

Accounting Mar 19, 2021

Maggie Vitteta, single, works 36 hours per week at $20.00 an hour. How much is taken out for federal income tax with one withholding exemption? (Use Table 9.1 and Table 9.2) (Round your answer to the nearest cent.)

Expert Solution

Computation of Federal Tax with One Withholding Exemption:

Gross Pay = 36 hours*$20 = $720

Exemption = 79.8

Taxable Pay = $720 - 79.8 = $640.20

Tax = 18.3 + ($640.20 - $254)*12% = $64.64

So, Federal Tax with One Withholding Exemption is $64.64

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