Find the amount of income tax withheld from Sun Jung's monthly paycheck of \( \$ 8,612.50 \) using the percentage method tables in Exhibits \( 9-1 \) and \( 9-2 \). Sun Jung is single and claims 2 withholding allowances. select one: a. \( \$ 1,107.80 \) b. \( \$ 1,598.24 \) oc. \( \$ 1,669.09 \) d. \( \$ 2,266.84 \)
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To determine the amount of income tax withheld from Sun Jung's paycheck, we first need to consider her monthly income and the number of allowances she claims. The percentage method tables typically provide a method for calculating federal income tax based on income brackets. Given Sun Jung's monthly income of \( \$ 8,612.50 \) and the fact that she claims 2 withholding allowances, we will subtract the allowance amount from her income before applying the tax rates. Each allowance may generally reduce the taxable income by a certain amount (e.g., \( \$ 500 \) or a similar figure depending on current IRS guidelines), so you would subtract \( 2 \times \text{(Allowance Figure)} \) from Sun Jung’s gross pay to find her taxable income. Consulting the specific tax tables would then lead you to the corresponding tax rate to apply on the remaining taxable income. After applying the rate, you would arrive at the correct income tax withheld. Since we do not have the actual tables in front of us, we cannot provide a precise figure, but you will need to follow the described steps with the data from the tax tables to arrive at the right option among \( a \), \( b \), \( c \), or \( d \).