Question
In: Accounting
Use (a) the percentage method and (b) the wage-bracket method to compute the federal income taxes...
Use (a) the percentage method and (b) the wage-bracket method to compute the federal income taxes to withhold from the wages or salaries of each employee. Enter all amounts as positive numbers. Round your calculations and final answers to the nearest cent.
.
Table of Allowance Values for 2017
| Weekly | 77.90 | Biweekly | 155.80 | Semimonthly | 168.80 | Monthly | 337.50 |
| Quarterly | 1,012.50 | Semiannual | 2,025.00 | Annual | 4,050.00 | Daily/Misc. | 15.60 |
the Percentage Method Tables.
the Wage-Bracket Method Tables.
|
Amount to Be |
|||||
Employee |
Marital Status |
No.of Withholding Allowances |
Gross Wage or Salary |
Percentage Method |
Wage-Bracket Method |
| Corn, A. | S | 2 | $ 675 weekly | $ | $ |
| Fogge, P. | S | 1 | 1,960 weekly | NA | |
| Felps, S. | M | 6 | 1,775 biweekly | ||
| Carson, W. | M | 7 | 2,480 semimonthly | ||
| Helm, M. | M | 2 | 5,380 monthly | ||
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Use the percentage method to compute the federal income taxes to withhold from the wages or...
Use the percentage method to compute the federal income taxes to
withhold from the wages or salaries of each employee. If an amount
is zero, enter "0". Round your calculations and final answers to
the nearest cent. Click here to access the Table of Allowance
Values. Click here to access the Percentage Method Tables. Employee
No. Employee Name Marital Status No. of Withholding Allowances
Gross Wage or Salary Amount to Be Withheld 1 Amoroso, A. M 5 $1,610
weekly $...
Use the percentage method to compute the federal income taxes to withhold from the wages or...
Use the percentage method to compute
the federal income taxes to withhold from the wages or salaries of
each employee. If an amount is zero, enter "0". If
required, round your calculations and final answers to the nearest
cent.
Click here to access the Table of Allowance Values.
Click here to access the Percentage Method Tables.
Employee
No.
Employee
Name
Marital
Status
No. of Withholding
Allowances
Gross Wage
or Salary
Amount
to Be
Withheld
1
Amoroso, A.
M
4
$1,610...
Use the percentage method to compute the federal income taxes to withhold from the wages or...
Use the percentage method to compute
the federal income taxes to withhold from the wages or salaries of
each employee. If an amount is zero, enter "0". If required, round
your calculations and final answers to the nearest cent.
Click here to access the Table of Allowance Values.
Click here to access the Percentage Method Tables.
Employee
No.
Employee Name
Marital
Status
No. of Withholding
Allowances
Gross Wage
or Salary
Amount to Be
Withheld
1
Skymer, A.
M
4
$...
For each employee listed, use both the wage-bracket method and the percentage method to calculate the...
For each employee listed, use both the wage-bracket method and
the percentage method to calculate the federal income tax
withholding. Refer to Appendix A, 2017 and Appendix 2018 Federal
Tax Tables. I need to see the step by step for both 2017 Tax Table
calculation and the 2018 Tax Table calculation.
Thank you!
Pedro Evans (married, 3 withholding allowance) earned weekly
gross pay of $1,819.00.
Using wage bracket method: Federal income tax
withholding=$_________________
Using percentage method; Federal income tax
withholding=$____________________...
Based on the wage-bracket method, what is the federal income tax withholding for an employee who...
Based on the wage-bracket method, what is the federal income
tax
withholding for an employee who is married, paid on a bi-weekly
basis,
has two federal withholding allowances, and earns $1,317?
$63
$120
$67
Which of the following groups may not be paid less than the
federal
minimum wage?
1.Full-time students
2.Tipped employees
3.State government workers
Which must a company have before hiring employees?
1.Employer Identification Notice
2.Employer Identification Number
3.All the above
An employer designates any 7-day period as...
For each employee listed, use the wage-bracket method to calculate federal income tax withholding. 1:Phil McGlynn...
For each employee listed, use the wage-bracket method to
calculate federal income tax withholding.
1:Phil McGlynn (Married; 3 federal withholding allowances)
earned weekly gross pay of $750.
Federal income tax withholding = $
2:Gary Williams (single; 1 federal withholding allowance) earned
biweekly gross pay of $1,920. He participates in a flexible
spending account, to which he contributes $50 during the
period.
Federal income tax withholding = $
3:Lila Downing (single; 2 federal withholding allowances) earned
monthly gross pay of $1,285....
Ernesto Enterprises uses the wage-bracket method to determine federal income tax withholding on its employees. Find...
Ernesto Enterprises uses the wage-bracket
method to determine federal income tax withholding on
its employees. Find the amount to withhold from the wages paid each
employee.
If an amount is zero, enter "0". Enter all amounts as positive
numbers.
Click here to access the Wage-Bracket Method Tables.
Employee
Marital
Status
No. of
Withholding
Allowances
Payroll Period
W=Weekly
S=Semimonthly
M=Monthly
D=Daily
Wage
Amount to Be
Withheld
Ed Boone
M
1
W
$1,250
$
Ray Ortega
S
1
W
695
Carl Lopez...
____ 14. Which of the following would be used to compute the federal income taxes to...
____ 14. Which of the following would be
used to compute the federal income taxes to be withheld from an
employee's earnings?
a.
FICA tax rate
b.
wage and tax statement
c.
FUTA tax rate
d.
wage bracket and withholding table
____ 15. The total earnings of an
employee for a payroll period is referred to as
a.
take-home pay
b.
pay net of taxes
c.
net pay
d.
gross pay
Which of the following would be used to compute the federal income taxes to be withheld...
Which of the following would be used to compute the federal
income taxes to be withheld from an employee's earnings?
a) FUTA tax rate
b) withholding table
c) FICA tax rate
d) wage and tax statement
Use Wage Bracket Method Table For DEC 31, 2018. To determine the answer. TABLE 2—BIWEEKLY Payroll...
Use Wage Bracket Method Table For DEC 31, 2018. To determine the
answer.
TABLE 2—BIWEEKLY Payroll
Period
(a) SINGLE person (including head
of household)—
(b) MARRIED person—
If the amount of wages (after subtracting
withholding allowances) is:
The amount of income
tax
to withhold is:
If the amount of wages (after subtracting
withholding allowances) is:
The amount of income
tax
to withhold is:
Not over $142
$0
Not over $444
$0
Over—
But not over—
of excess over—
Over—
But...
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