If an employee makes $1,400 per month and files as single with no withholding allowances, what...

If an employee makes $1,400 per month and files as single with no withholding allowances, what would be his monthly income tax withholding?

A. What would it be if an employee makes $2,500 per month and files as single with two withholding allowance?

Expert Solution

If Wage Bracket Percentage Method Tables for the year 2019 are used:

An employee makes $1,400 per month and files as single with no withholding allowances his monthly income tax withholding = ($1,400 - $451.67) * 12% = $113.80 (for monthly wages from $1,125 to $3,606)

An employee makes $2,500 per month and files as single with two withholding allowances his monthly income tax withholding = ($2,500 - $1,151.67) * 12% = $161.80 (for monthly wages from $1,825 to $4,306)

If Wage Bracket Percentage Method Tables for the year 2018 are used:

As per Wage Bracket Method Table if an employee makes $1,400 per month and files as single with no withholding allowances his monthly income tax withholding = $113 (for monthly wages from $1,365 to $1,405)

As per Wage Bracket Method Table if an employee makes $2,500 per month and files as single with two withholding allowances his monthly income tax withholding = $165 (for monthly wages from $2,485 to $2,525)

ekkarill92 answered 2 years ago

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