10A A Wrap Text Arial Copy Merge & Center $ % Format Painter BIUE-. A Number Ali

Question

10A A Wrap Text Arial Copy Merge & Center $ % Format Painter BIUE-. A Number Alignment Font oard G HI me ter the appropriate numbers/formulas in the shaded (gray) cells. An asterisk () will appear the right of an incorrect answer 3A Amount to be Withheld No of Gross Marital Withholding Wage Wage- Percentage Bracket Method Method Employee Status Allowances or Salary Corn, A s Fogge, P. s Felps, S. M Carson, W M Helm, M. M 2 $ 675 weekly a. 1,960 weekly 1,775 biweekly 2,480 semi-monthly d 95,380 monthly Student Work Area O Type here to search

Explanation / Answer

Amount to be withheld Percentage method Wage- bracket method a. 49.67 50 b. 324.41 324.41 c. 37.34 37 d. 141.01 140 e. 130.48 130 Tax to be withheld under Percentage method: Corn A Fogge P Felps S Carson W Helm M 1.Total wage payment 675 1960 1775 2480 5380 2.One allowance 79.8 79.8 159.6 172.9 345.8 3.Allowances claimed on form W-4 2 1 6 4 9 4.Multply line 2 by line 2 159.6 79.8 957.6 691.6 3112.2 5.Amount subject to withholding (4-1) 515.4 1880.2 817.4 1788.4 2267.8 6. Tax to be withheld 49.67 324.41 37.34 141.01 130.48 18.30+(515.40-254)*12% 271.08+(1880.2-1658)*24% 0+(817.4-444)*10% 79.40+(1788.4-1275)*12% 0+(2267.80-963)*10% Over $254 but not over $815 Over $1658 but not over $3100 Over $444 but not over $1177 Over $1275 but not over $3706 Over $963 but not over $2550 (Refer weekly-single table) (Refer weekly-single table) (Refer biweekly-married table) (Refer semi monthly-married table) (Refer monthly-married table) Tax to be withheld under wage bracket method Corn A Fogge P Felps S Carson W Helm M (Refer weekly-single table) (Refer weekly-single table) (Refer biweekly-married table) (Refer semi monthly-married table) (Refer monthly-married table) Wages Atleast 670 but not less than 680 $1290 and over Atleast 1765 but not less than 1785 Atleast 2465 but not less than 2485 Atleast 5350 but not less than 5390 Allowances 2 1 6 4 9 Use percenatge method table Amount to be withheld 50 324.41 37 140 130 (As shown above) I have used 2018 tables I appreciate your ratings

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