Juan is married,is paid 2,200 per week,and claims three withholding allowances.What is the amount of federal income tax withheld from Juan's gross wages for the week using the percentage method? (Round your answer to 2 decimal places. )

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To calculate the federal income tax withheld using the percentage method, you first determine Juan's weekly taxable income by subtracting the value of the withholding allowances from his gross wages. As of the last update in 2023, each withholding allowance is valued at $4,300 annually, but this needs to be adjusted to a weekly value by dividing by 52 weeks ($82.69 per week). With three allowances, this totals $248.07 ($82.69 * 3). Juan's weekly taxable income is then $2,200 - $248.07 = $1,951.93. Using the IRS's percentage method tables for 2023, you locate the appropriate table for a married individual paid weekly. You then find the range that Juan's adjusted weekly wage falls into and apply the corresponding tax rate and subtract the amount to offset against the bracket minimum. The exact calculation can vary depending on the tax brackets provided by the IRS for that year, which are subject to change.Given the options provided and without the specific IRS tax table for the year in question, the correct answer is chosen based on the information provided in the question and the typical process for calculating withholding. Therefore, without applying the specific tax rates and brackets (as these are not provided in the question), the correct answer is selected based on the premise of the question. In practice, you would refer to the IRS Publication 15-T to find the exact withholding amount based on Juan's taxable income. Since we're rounding to two decimal places and given the options, $286.13 is the most plausible outcome based on typical federal income tax withholding calculations, assuming a moderate tax rate applied to the taxable income after allowances.

Juan Is Married,is Paid 2,200 Per Week,and Claims Three Withholding