Amount to Be Withheld Percentage Wage-Bracket Method Method
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Use (a) the percentage method and (b) the wage-bracket method to compute the federal income taxes to withhold
from the wages or salaries of each employee.
Amount to Be Withheld
Percentage
Method
Employee
Ruiz, S.
Flume, X.
Farley, H.
Comey, P.
Hanks, R..
Marital
Status
SSMMM
No. of Withholding
Allowances
2
1
6
Gross Wage or Salary
$1,040 weekly
2,190 weekly
1,890 biweekly
2,315 semimonthly.
3,200 monthly
Wage-Bracket
Method
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