Business Math, Period ________
2-1: Federal Income Tax
Employers are required by law to withhold a certain
amount of your pay
Must use Tax Tables to determine FIT withheld
The amount withheld depends on:
Find the federal withholding tax using the wage bracket
method for each of the following employees:
B. Mazo:2 withholding allowances, single, $315.82 weekly earnings
2 withholding allowances, married, $675.25 weekly earnings
3 withholding allowances, married, $3210.55 monthly earnings
4. Gabriella Montanaro is a single college student making $132.45 a week at the
campus book store. She claims 1 allowance.
What amount is withheld from her weekly check for federal income tax?
What amount is withheld annually for federal income tax?
Matteo Munoz is married with a 7 month old son.
He works at a sporting goods
store and earns $532.75 a week, and claims 3 allowances on his W-4.
What amount is withheld weekly for federal income tax?
b) If Matteo wanted the most tax taken out of his paycheck, what number of
exemptions should he claim on his W-4?
Business Math Chapter 2 Review
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