1: Billy Rainer (married; 2 federal withhoiding allowances) earned weekly gross pay of $602. Federal income tax withholding = 2: Angel Rodriguez (married; 3 federal withholding allowances) earned biweekly gross pay of $1,020. He participates in a flexible spending account, to which he contributes $50 during the period. Federal income tax withholding = 3. Julie Smithers (single: 2 tederai witholding allowances) eamed monthly gross pay of $2,170. For each period, she makes a 401(k) contribution of 10% of grass pay. Federal income tax witholding = 4: Anna Marquez (single; O federal withholding allowances) earned semimonthly gross pay of $1,700. She participates in a cafeteria plan, to which she contributes $110 during the period. Federal income tax withholding =
1: Billy Rainer (married; 2 federal withhoiding allowances) earned weekly gross pay of $602. Federal income tax withholding = 2: Angel Rodriguez (married; 3 federal withholding allowances) earned biweekly gross pay of $1,020. He participates in a flexible spending account, to which he contributes $50 during the period. Federal income tax withholding = 3. Julie Smithers (single: 2 tederai witholding allowances) eamed monthly gross pay of $2,170. For each period, she makes a 401(k) contribution of 10% of grass pay. Federal income tax witholding = 4: Anna Marquez (single; O federal withholding allowances) earned semimonthly gross pay of $1,700. She participates in a cafeteria plan, to which she contributes $110 during the period. Federal income tax withholding =
Chapter8: Taxation Of Individuals
Section: Chapter Questions
Problem 52P
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Transcribed Image Text:1: Billy Rainer (married; 2 federal withhoiding allowances) earned weekly gross pay of $602. Federal income tax
withholding =
2: Angel Rodriguez (married; 3 federal withholding allowances) earned biweekly gross pay of $1,020. He participates in a
flexible spending account, to which he contributes $50 during the period. Federal income tax withholding =
3. Julie Smithers (single: 2 tederai witholding allowances) eamed monthly gross pay of $2,170. For each period, she makes
a 401(k) contribution of 10% of grass pay. Federal income tax witholding =
4: Anna Marquez (single; O federal withholding allowances) earned semimonthly gross pay of $1,700. She participates in a
cafeteria plan, to which she contributes $110 during the period. Federal income tax withholding =
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