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In: Accounting

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 $ 1,575 weekly $
2 Wolfe, T. S 0 1,200 biweekly
3 Klein, G. S 5 12,600 quarterly
4 Carey, P. M 8 1,090 semimonthly
5 Wu, M. M 3 8,120 monthly

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