Federal Income Tax WithholdingBob Browning's weekly gross earnings for the present week were $2,440. Browning has two exemptions. Using the wage bracket withholding table inExhibit 2 with a $81 standard withholding allowance for each exemption, what is Browning's federal income tax withholding? Round your answer to twodecimal places.$4 EXHIBIT 2Percentage Method Tables for Income Tax Withholding*(For Wages Paid in 20Y6)Wage BracketWithholding TableTABLE 1-WEEKLY Payroll Period(a) SINGLE person (including head of household)-If the amount of wages (aftersubtracting withholding allowances) The amount of income taxis:Not over $73..Over-to withhold is:But not over-of excess over-$73$260S832$1,692$3,164$3,998-24260$832-$1,692-$3,164-$3,998-$9,887$0.00 plus 10%$18.70 plus 12%$87.34 plus 22%$276.54 plus 24%$629.82 plus 32%$896.70 plus 35%$2,957.85 plus 37%-$73-$260-S832-$1,692-$3,164-$3,998-$9,887Mc Grath wage bracket"Bazed upon 2019 withholding tables,

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Bob Browning's weekly gross earnings for the present week were $2,440. Browning has two exemptions. Using the wage bracket withholding table in Exhibit 2 with a $81 standard withholding allowance for each exemption, what is Browning's federal income tax withholding? Round your answer to two decimal places.

Bob Browning's weekly gross earnings for the present week were $2,440. Browning has two exemptions. Using the wage bracket withholding table in Exhibit 2 with a $81 standard withholding allowance for each exemption, what is Browning's federal income tax withholding? Round your answer to two decimal places.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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