3. Danielle Curtain files as married fing jointly on her tax retum and earned weekly gross pay of $1580, For each pay period she makes a flexible spending account contribution of 6% of gross pay. Danielle entered $500 in step 3 of Form W-4 and did not enter any information in steps 2 & 4 of the form Federal income tax withholding S Tentative Federal Income Tax Withholding $

FINANCIAL ACCOUNTING
10th Edition
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Chapter1: Financial Statements And Business Decisions
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PSc 3-6 Calculate Federal Income Tax Withholding Using the Wage-Bracket Method (2020/2021 Form W-4)
For each employee listed. use the wage-bracket method to calculate federal income tax withholding for an employee who has submitted a 2020 Form W-4. Refer to
Publication 15-T,
1: James Rowles files as single on his tax return and earned woekly gross pay of $792. For each pay period he makes a 4010) contribution of 3% of gros pay James
checked box 20 on Form W-4 and did not enter any information in steps 3-4 of the form
Federal income tax witnholding $m0
2 Louise Ames files as married filing jointly on her tax retum and eamed weekly gross pay of $1420. She does not make any retirement plan contributions. Louise entared
$3600 on line 4b of Form W-4 and did not enter any information in steps 2 & 3 of the form
Federal income tax withholding 5
178.00
3. Danielle Curtain files as married fing jointly on her tax returm and earned weekly gross pay of $1580, For each pay period she makes a flesible spending account
contribution of 6% of gross pay. Danielle entered $500 in step 3 of Form W-4 and did not enter any information in steps 2 & 4 of the form.
Federal income tax withholding =S
Tentative Federal Income Tax Withholding $
Transcribed Image Text:PSc 3-6 Calculate Federal Income Tax Withholding Using the Wage-Bracket Method (2020/2021 Form W-4) For each employee listed. use the wage-bracket method to calculate federal income tax withholding for an employee who has submitted a 2020 Form W-4. Refer to Publication 15-T, 1: James Rowles files as single on his tax return and earned woekly gross pay of $792. For each pay period he makes a 4010) contribution of 3% of gros pay James checked box 20 on Form W-4 and did not enter any information in steps 3-4 of the form Federal income tax witnholding $m0 2 Louise Ames files as married filing jointly on her tax retum and eamed weekly gross pay of $1420. She does not make any retirement plan contributions. Louise entared $3600 on line 4b of Form W-4 and did not enter any information in steps 2 & 3 of the form Federal income tax withholding 5 178.00 3. Danielle Curtain files as married fing jointly on her tax returm and earned weekly gross pay of $1580, For each pay period she makes a flesible spending account contribution of 6% of gross pay. Danielle entered $500 in step 3 of Form W-4 and did not enter any information in steps 2 & 4 of the form. Federal income tax withholding =S Tentative Federal Income Tax Withholding $
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