Devon's gross annual salary is $78,953 with biweekly paychecks. If he is single with 1 dependent child, compute the biweekly withholding his employer will send to the IRS. Use the following information: 2022 Head of Household Person Biweekly Withholding Table Taxable Wages $0-$373 $373 - $655 $655 - $1,448 $1,448 - $2,086 $2,086 - $3,643 $3,643 - $4,526 $4,526 - $10,756 $10,756 or more Biweekly allowance: $165.38 per person. Round your answer to the nearest dollar. ● Wages Withholding $0.00 $0.00 plus 10% of amount exceeding $373 $28.20 plus 12% of amount exceeding $655 $123.36 plus 22% of amount exceeding $1,448 $263.72 plus 24% of amount exceeding $2,086 $637.40 plus 32% of amount exceeding $3,643 $919.96 plus 35% of amount exceeding $4,526 $3,100.46 plus 37% of amount exceeding $10,756

Devon's gross annual salary is $78,953 with biweekly paychecks. If he is single with 1 dependent child, compute the biweekly withholding his employer will send to the IRS. Use the following information: 2022 Head of Household Person Biweekly Withholding Table Taxable Wages $0-$373 $373 - $655 $655 - $1,448 $1,448 - $2,086 $2,086 - $3,643 $3,643 - $4,526 $4,526 - $10,756 $10,756 or more Biweekly allowance: $165.38 per person. Round your answer to the nearest dollar. ● Wages Withholding $0.00 $0.00 plus 10% of amount exceeding $373 $28.20 plus 12% of amount exceeding $655 $123.36 plus 22% of amount exceeding $1,448 $263.72 plus 24% of amount exceeding $2,086 $637.40 plus 32% of amount exceeding $3,643 $919.96 plus 35% of amount exceeding $4,526 $3,100.46 plus 37% of amount exceeding $10,756

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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