Lewis is single with one allowance. He has gross weekly earnings of $525.00. He can deduct $70.19 from his gross earnings for the allowance. Use the percentage method table to find the amount of weekly federal income tax withheld. 
Definitions:
Interest Expense
The cost incurred by an entity for borrowed funds over a period of time.
Return on Stockholders' Equity
A measure of a company's profitability, calculated as net income divided by average stockholders' equity.
Income Tax Expense
The cost of income taxes, representing the taxpayer's obligation to federal, state, and sometimes local governments, based on earnings before taxes.
Interest Expense
The cost incurred by an entity for borrowed funds, typically reported on the income statement.
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