Dale Bowman had gross earnings of 820 last week. He is married and claims himself, his wife, and three children as dependents. The weekly withholding allowance for each dependent is 65.38 . Using the Table for Married Taxpayers above, figure the amount that will be withheld from his paycheck for federal income tax. (Figure withholding to the nearest cent.)
Question 2
A 1,00 . bond, with interest at 8 on March 1 and September 1, was purchased on June 18 at 108 plus accrued interest. Compute the entire purchase cost of the bond. (Assume a 360-day year and a commission of 5 per bond.)
Cone of Learning (adapted from Dale).
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