Figure 6.3 2023 Table for Amount Exempt for Tax Levy (Single Person) Filing Status: Single Number of Dependents Claimed on Statement Pay Period 0 1 2 Daily 3 4 5 53.27 71.35 89.43 107.51 125.59 143.67 More Than 5 53.27 plus 18.08 for each dependent 266.35 plus 90.38 for each dependent 532.69 plus 180.77 for each dependent Weekly 266.35 356.73 447.11 537.49 627.87 718.25 Biweekly 532.69 713.46 894.23 1075.00 1255.77 1436.54 Semimonthly 577.08 772.91 968.74 1164.57 1360.40 1556.23 Monthly 1154.17 1545.84 1937.51 2329.18 2720.85 3112.52 1154.17 plus 391.67 for each dependent 577.08 plus 195.83 for each dependent Source: Internal Revenue Service. Carson Holiday has a federal tax levy of $4,104.50 against him. If Holiday is single with four dependents and had a take-home pay of $1,200.00 this week, how much would his employer take from his pay to satisfy part of the tax levy? 627.87 X
Figure 6.3 2023 Table for Amount Exempt for Tax Levy (Single Person) Filing Status: Single Number of Dependents Claimed on Statement Pay Period 0 1 2 Daily 3 4 5 53.27 71.35 89.43 107.51 125.59 143.67 More Than 5 53.27 plus 18.08 for each dependent 266.35 plus 90.38 for each dependent 532.69 plus 180.77 for each dependent Weekly 266.35 356.73 447.11 537.49 627.87 718.25 Biweekly 532.69 713.46 894.23 1075.00 1255.77 1436.54 Semimonthly 577.08 772.91 968.74 1164.57 1360.40 1556.23 Monthly 1154.17 1545.84 1937.51 2329.18 2720.85 3112.52 1154.17 plus 391.67 for each dependent 577.08 plus 195.83 for each dependent Source: Internal Revenue Service. Carson Holiday has a federal tax levy of $4,104.50 against him. If Holiday is single with four dependents and had a take-home pay of $1,200.00 this week, how much would his employer take from his pay to satisfy part of the tax levy? 627.87 X
Chapter21: Partnerships
Section: Chapter Questions
Problem 47P
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Transcribed Image Text:Figure 6.3
2023 Table for Amount Exempt for Tax Levy (Single Person)
Filing Status: Single
Number of Dependents Claimed on Statement
Pay
Period
0
1
2
Daily
3
4
5
53.27 71.35
89.43
107.51
125.59 143.67
Weekly
266.35 356.73
447.11
537.49 627.87 718.25
Biweekly
532.69 713.46 894.23
1075.00 1255.77 1436.54
More Than 5
53.27 plus 18.08 for
each dependent
266.35 plus 90.38 for
each dependent
532.69 plus 180.77 for
each dependent
577.08 plus 195.83 for
each dependent
Semimonthly 577.08 772.91 968.74 1164.57 1360.40 1556.23
Monthly
1154.17 1545.84 | 1937.51 2329.18 2720.85 3112.52
1154.17 plus 391.67 for
each dependent
Source: Internal Revenue Service.
Carson Holiday has a federal tax levy of $4,104.50 against him. If Holiday is single with four dependents and had a take-home pay of $1,200.00 this week, how much would his employer take from his pay to satisfy part of the tax levy?
627.87 X
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