anti Italian
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:@
S
Problem 5-6A (Algo)
Moravanti Italian Imports has four employees and pays biweekly. Assume that box 2 is not checked for L. Torabi and R. Beninati and is
checked for G. Fisher and J. Tillman.
X
*
Required:
Complete the W-4 multi-jobs worksheet (when applicable) Section 2(b), for all employees, each will use the standard deduction, and
calculate the federal income tax withholding using the wage-bracket tables in Appendix C. (Round your intermediate calculations and
final answers to 2 decimal places.)
Employee
L. Torabi
R. Beninati
G. Fisher
J. Tillman
F2
#
3
E
D
Filing Status
S
S
MJ
MJ
JUL
7
80
F3
$
4
Dependents
None
One Other
Three <17
Two <17
R
a
F4
F
%
5
Annual Salary
$
$
$
$
< Prev
~ tv
0
F5
43,800
53,300
49,920
43,160
T
G
^
6
Spouse Annual Salary or
Pay Frequency
Not applicable
Not applicable
$83200/ biweekly
$34000/weekly
10 of 10
c
F6
Y
&
7
H
ST
F7
U
Next >
8
Federal
Income Tax per Period
J
DII
F8
A
CV B N M
DD
9
F9
K
)
O
4
O
W
F10
L
<
Check my work
*
P
F11
{
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