880 $ 153 872 $ 850 S Federal Tax 0.00 0.00

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Required:
Milligan's Millworks pays its employees weekly. Use the wage-bracket tables with Forms W-4 from 2020 or later from Appendix C to
compute the federal income tax withholdings for the following employees of Milligan's Millworks. Assume that no pre-tax deductions
exist for any employee, box 2 is not checked for all employees, and a manual payroll system is used.
Note: Round your intermediate calculations and final answers to 2 decimal places. Leave no cells blank. Enter "0" wherever
required.
Employee
D. Balestreri
Y. Milligan
H. Curran
D. Liberti
Single
Single
Filing Status
Married/Joint
Head of Household
Dependents
Two <17
One Other
Two <17, one Other
One <17
$
$
$
$
Weekly
Pay
880 $
1,153
872 $
850
Federal
Tax
0.00
0.00
Transcribed Image Text:Required: Milligan's Millworks pays its employees weekly. Use the wage-bracket tables with Forms W-4 from 2020 or later from Appendix C to compute the federal income tax withholdings for the following employees of Milligan's Millworks. Assume that no pre-tax deductions exist for any employee, box 2 is not checked for all employees, and a manual payroll system is used. Note: Round your intermediate calculations and final answers to 2 decimal places. Leave no cells blank. Enter "0" wherever required. Employee D. Balestreri Y. Milligan H. Curran D. Liberti Single Single Filing Status Married/Joint Head of Household Dependents Two <17 One Other Two <17, one Other One <17 $ $ $ $ Weekly Pay 880 $ 1,153 872 $ 850 Federal Tax 0.00 0.00
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