Manju is a full-time exempt employee living in Illinois who earns $43,680 annual

Question

Manju is a full-time exempt employee living in Illinois who earns $43,680 annually and is paid biweekly. She is married with three withholding allowances. What is the total of her Federal and state income tax deductions for the most recent pay period?

Manju is a full-time exempt employee living in Illinois who earns $43,680 annually and is paid biweekly. She is married with three withholding allowances. What is the total of her Federal and state income tax deductions for the most recent pay period? (Use the wage bracket tables. Ilinois state income tax rate is 3.75%. Round final answer to 2 decimal points) Wage Bracket Method Tables for Income Tax Withholding MARRIED Persons-BIWEEKLY Payroll Period (For Wages Paid through December 31, 2015) And the number of withholding allowances claimed is- And the wages are Atleast | But less than The amount of income tax to be withheld is. s95| s72 556 541 $26| $1,500 $1,520 1.540 1.540 1.560 1.600 153 1.600 1.620 156 1.640 159 1.660 162 1.680 1.680 aaaaaaaaaaaaa 166 PARAFFIFFE TTTTTTTT 1.760

Explanation / Answer

Biweekly payment to Manju = Annualy payment / 26 weeks

= $43680 / 26 = $ 1680

She is married with three withholding allowances.

Now, we have to find out federal tax in given table range between 1680 to $1700 with 3 allowances.

Federal Tax = $99 (Given)

State Income Tax = biweekly Payment * Rate

= 1680 * 3.75 %

= $63

Total Tax = Federal Tax + State Income Tax

= $99 + $63

=$162

Answer(a) is correct

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