Using the IRS publication 15 for 2018 calculate the biweekly income tax withhold

Question

Using the IRS publication 15 for 2018 calculate the biweekly income tax withholding for a single employee with no payroll deductions(claims 0) that earns $2000.00 a month ($1000 biweekly) and an employee that earns $4000.00 a month ($2000 biweekly). Remember tax rates have changed for 2018. Using the IRS publication 15 for 2018 calculate the biweekly income tax withholding for a single employee with no payroll deductions(claims 0) that earns $2000.00 a month ($1000 biweekly) and an employee that earns $4000.00 a month ($2000 biweekly). Remember tax rates have changed for 2018. Using the IRS publication 15 for 2018 calculate the biweekly income tax withholding for a single employee with no payroll deductions(claims 0) that earns $2000.00 a month ($1000 biweekly) and an employee that earns $4000.00 a month ($2000 biweekly). Remember tax rates have changed for 2018.

Explanation / Answer

Income tax withholding Particulars Who earns $ 2000 month ( $ 1000 biweekly) Who earns $ 4000 month ( $ 2000 biweekly) Annually income   24000 48000 10% $ 0 to $ 9525 952.5 952.5 12% $ 9525 to $ 38700 289.5 7549.5 22% $ 38700 to $ 82500 0 930 Annually Total 1242 9432 Monthly 103.5 786 Biweekly 51.75 393

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