Calculate federal income tax withholding for the employee according to the table images sent. Juan (single; two federal withholdong allowances) earned weekly gross pay of $445. 2020 Wage Bracket Method Tables for Manual Payroll Systems With Forms W-4 From 2019 or EarliWEEKLY Payroll PeriodIf the Wage Amount(line 1a)isSINGLE PersonsAnd the number of allowances is:0.48.But lessthanThe Tentative Withholding Amount is:At least$0$0$0$75$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$1$2$75$85$0$0$0$0$0$0$0$0$0$85$95$0$0$0$0$105$3$0$0$0$0$0$95$0$0$0$0$0$0$105$115$4$0$0$0$0$0$0$0$0$0$0$0$0$0$0$115$125$5$0$0$0$0$0$0$0$6$0$0$0$135$145$125$0$0$0$0$135$7$0$0$0$0$0$C$0$0$0$0$C$0$8$0$0$145$155$0$0$0$0$0$0$0$155$165$9$0$0$0$0$0$0$0$0$0$0$0$0$10$1$0$0$0$0$165$1752$$0$0$0$0$0$0$0$2$175$185$195$185$11$0$0$0$0$0$0$0$3$0$0$12$195$205$13$4$0$03.2. $310$325$26$325$340$27$18$9$0$0$0$29$19$3$11$12$14$15$0$0$0$0$0$0$0$0$340$355$0$31$21$4$370$385$0$0$0$355$33$23$25$370$6$385$400$35$7$400$415$36$26$17$9$0$0$0$415$430$38$28$18$10$2$0$0$445$40$30$20$12$3$0$0$430$42$32$22$13$5$0$0$445$460$0$0$460$475$44$34$24$15$6$35$25$16$8$0$0$475$490$45$27$18$9$41$C$490$505$47$37$C$29$19$11243$505$520$49$39$4$C$31$21$12$520$535$51$41$6$33$23$1424$535$550$53$43$7$25$15%24%24%24

Under wage bracket method, federal withholdings are calculated on the basis of number of allowances,…

Answered: Calculate federal income tax…

Calculate federal income tax withholding for the employee according to the table images sent. Juan (single; two federal withholdong allowances) earned weekly gross pay of $445.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: Using the income tax withholding table in Figure 3, for each employee of Miller Company, determine…

A: Payroll It is important for the business entity to prepare the payroll process and its statutory…

Q: Kenneth Riley (single; 0 federal withholding allowances) earned weekly gross pay of $1,100. For each…

A: It is provided to employee , contribution to this plan for benefits of employee made by employer and…

Q: If Austin is self-employed and makes $5,100.00 semimonthly, compute her total social security and…

A: Introduction: A tax is a mandatory fee or financial charge levied by the government on an individual…

Q: For the person below, calculate the FICA tax and income tax to obtain the total tax owed. Then find…

A: FICA Tax: FICA stands for Federal insurance contribution act. It is mandatory as per U.S law in…

Q: Organic Farmers Cooperative has three employees and pays them weekly. Using the withholding bracket…

A: 1. Maria:Weekly income: $705Withholding allowances claimed: 3Maria's income falls between $700 and…

Q: Calculate Social Security taxes, Medicare taxes, and FIT for Jordon Barrett. He earns a monthly…

A: Federal income tax is the on which is payable for the wages earned for a particular period and can…

Q: Rudolph Fabrizio earned gross pay of $3,600. Each period he contributes 4% of gross pay to a…

A: Social security tax is a tax that is imposed on both employees and employers in the United States to…

Q: Are the following required to file a federal income tax return? MFJ, husband aged 66, wife aged60,…

A: Filing a federal income tax return depends on the following factors:I) Filing statusII) Gross…

Q: Terrell, an unmarried individual, has the following income items: Schedule C net profit Salary $…

A: Tax refers to the charge that is imposed by the government on the income of an individual or…

Q: 3: Kasey Wolfe earned gross pay of $1,140. Each period he contributes 1.5% of gross pay to a…

A: Social Security Tax The statutory payroll tax known as Social Security is paid by both employers and…

Q: Penny is paid a gross wage of $2,846 on a monthly basis. She is single and is entitled to 2…

A: Income tax is a tax levied by the federal government and some state governments on an individual's…

Q: Use the appropriate table to determine the amount to withhold for federal income tax from each of…

A: Formulas for calculating federal tax as follows: Note: 36.7 is given in the tax table. That is…

Q: At least But less than- B The tentative Plus this amount to percentage withhold is: A C D Married…

A: Based on the weekly payment there are different rates of tax withholding for the different types of…

Q: Assume that the MUST Co. pays a weekly payroll. Using the portion of the Wage Bracket Withholding…

Q: Richard Gaziano is a manager for Health Care, Incorporated. Health Care deducts Social Security,…

A: Answer:- Net pay meaning:- Net pay is the term used to describe the take-home pay that an employee…

Q: An individual has year-to-date earnings prior to the current period of $168,500, earns $3,600 this…

A: The self-employment taxes refers to only social security and the medicare taxes that need to be…

Q: entry fo

A: Payroll entries are extremely sensitive and important. A single mistake can lead to errors in…

Q: Laura has self-employment income of $87,500 for the year. How much is her self-employment tax?…

A: For a taxpayer, the income is known. The self employment taxes need to be calculated.

Q: Thomas is an employer with two employees, Patty and Selma. Patty's wages are $12,450 and Selma's…

A: The maximum FUTA tax rate is 6% which is applicable on first $7000 gross pay for each employee.

Q: 1. Warren Cavanagh (single; 0 federal withholding allowances) earned weekly gross pay of $620. For…

A: There are 2 methods for calculating the federal tax withholding:- Wage bracket method or Percentage…

Q: Calculate FICA Taxes. Please answer question correctly. All calculations should be rounded to two…

A: For calculating the social security tax and Medicare tax please fallow the steps below A .Social…

Q: For each employee listed, use both the wage-bracket method and the percentage method to calculate…

A: FTI Withholding: It is the Federal income tax withheld from each W-2 employees' paychecks in a a…

Q: The biweekly taxable wages for the employees of Rite-Shop follow. Compute the FICA taxes for each…

A: Employee No. Employee Name Biweekly Taxable Wages OASDI (assumed 6.2%) HI (assumed 1.45%) 711…

Q: Precision Labs has two employees. The following information was taken from its individual earnings…

A: Wages: Wages are the earnings of the employees for their work to the company they serve. These are…

Q: For each employee listed, use the percentage method to calculate federal income tax withholding for…

Q: For each employee listed, use the wage-bracket method to calculate federal income tax withholding…

A: In 2020 standard deduction is $ 12,400 for single filers.…

Q: 1: Allison Wilson earns net self-employment income of $74,200. She does not work a second job.…

A: Normally if a person is in employment somewhere, there is some tax which is deducted from the salary…

Q: An employee earned $43,300 working for an employer in the current year. The current rate for Federal…

A: Payroll tax refers to the tax that is subtracted from, assessed against, or imposed on an employer's…

Q: Davis and Thomas have earnings of $841 each. The social security tax rate is 6.0%, and the Medicare…

Q: Paulina Robinson (single; 2 federal withholding allowances) earned biweekly gross pay of $1,265. She…

A: SOLUTION- FEDERAL INCOME TAX- IT IS THE TAX LEVIED BY THE INTERNAL REVENUE SERVICE (IRS) ON THE…

Q: Amount to Be Withheld Percentage Wage-Bracket Method Method

A: Wage-Bracket Method:EmployeeGross Wageor SalaryAmount to BeWithheldRuiz S. (Single)$1040…

Q: Armand Giroux (single; 0 federal withholding allowances) earned weekly gross pay of $1,445. For each…

A: Armand Giroux is a single tax payer Weekly Gross Pay= $1445 401(k) Contribution= 6.5% of Gross Pay…

Q: Calculate Social Security taxes, Medicare taxes, and FIT for Jordon Barrett. He earns a monthly…

A: Social Security Taxes-It is a payroll tax. In the US every employes and employee shall be liable to…

Q: The payroll records of Speedy Software show the following information about Marsha Gottschalk, an…

A: Payroll costs are incurred by businesses to cover employee salaries and benefits. Net salaries are…

Q: 2: Chloe Fineman files as single on her tax return and earned weekly gross pay of $920. For each pay…

A: Chloe Fineman single earned weekly gross pay =$920 401(k) contribution = 6% of gross pay 4a figure =…

Q: William Harrison (single; 1 federal withholding allowance) earned biweekly gross pay of $990. He…

A: In this question we need to tell the amount of Federal income tax withholding.

Q: John Moyer (married; 6 federal withholding allowances) earned monthly gross pay of $3,150. He…

A: Given: Monthly gross pay = $3,150 Contribution to flexible spending account = $265 Taxable pay =…

Q: Compute the net pay for each employee using the federal income tax withholding table included.…

A: Payroll taxes refer to those taxes paid by both employer and employee in order to fund the employee…

Q: Jason Chen owns a business called Chen Home Building. He does his banking at Citizens National Bank…

A: The Journal Entries are represented as below:

Question

Calculate federal income tax withholding for the employee according to the table images sent. Juan (single; two federal withholdong allowances) earned weekly gross pay of $445.

2020 Wage Bracket Method Tables for Manual Payroll Systems With Forms W-4 From 2019 or Earli
WEEKLY Payroll Period
If the Wage Amount
(line 1a)
is
SINGLE Persons
And the number of allowances is:
0.
4
8.
But less
than
The Tentative Withholding Amount is:
At least
$0
$0
$0
$75
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$1
$2
$75
$85
$0
$0
$0
$0
$0
$0
$0
$0
$0
$85
$95
$0
$0
$0
$0
$105
$3
$0
$0
$0
$0
$0
$95
$0
$0
$0
$0
$0
$0
$105
$115
$4
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$115
$125
$5
$0
$0
$0
$0
$0
$0
$0
$6
$0
$0
$0
$135
$145
$125
$0
$0
$0
$0
$135
$7
$0
$0
$0
$0
$0
$C
$0
$0
$0
$0
$C
$0
$8
$0
$0
$145
$155
$0
$0
$0
$0
$0
$0
$0
$155
$165
$9
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$10
$1
$0
$0
$0
$0
$165
$175
2$
$0
$0
$0
$0
$0
$0
$0
$2
$175
$185
$195
$185
$11
$0
$0
$0
$0
$0
$0
$0
$3
$0
$0
$12
$195
$205
$13
$4
$0
$0
3.
2.

$310
$325
$26
$325
$340
$27
$18
$9
$0
$0
$0
$29
$19
$3
$11
$12
$14
$15
$0
$0
$0
$0
$0
$0
$0
$0
$340
$355
$0
$31
$21
$4
$370
$385
$0
$0
$0
$355
$33
$23
$25
$370
$6
$385
$400
$35
$7
$400
$415
$36
$26
$17
$9
$0
$0
$0
$415
$430
$38
$28
$18
$10
$2
$0
$0
$445
$40
$30
$20
$12
$3
$0
$0
$430
$42
$32
$22
$13
$5
$0
$0
$445
$460
$0
$0
$460
$475
$44
$34
$24
$15
$6
$35
$25
$16
$8
$0
$0
$475
$490
$45
$27
$18
$9
$41
$C
$490
$505
$47
$37
$C
$29
$19
$11
243
$505
$520
$49
$39
$4
$C
$31
$21
$12
$520
$535
$51
$41
$6
$33
$23
$14
24
$535
$550
$53
$43
$7
$25
$15
%24
%24
%24

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1: Introduction

VIEW

Step 2: Answer

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Please explain every step. Thank you
Kevin owns a small business with two employees. For one payroll period the total withholding tax for all employees was 1,536. The total employees Social security tax was $168 and the total employers social security tax was $251. The total employees Medicare tax was $110 How much John deposit as the employer's share of social security tax and Medicare tax? What is the total tax that must be deposited?
Erica has the following: Salary = $30,000; RPP contribution = $2,000; mortgage interest = $1,000; Union dues = $800; Basic Personal Amount = $11,635. Her federal income tax rate = 15%. What amount of federal income tax does Erica owe? A) $2,335 B) $4,200 C) $2,259 D) $2,829
Determine the income tax to withhold from the biweekly wages of the following employees (wage-bracket): Karen Overton (single), $900 wages $fill in the blank 1 Nancy Haller (married filing jointly), $1,000 wages $fill in the blank 2 Alan Glasgow (married filing jointly), $980 wages $fill in the blank 3 Joseph Kerr (single), $720 wages $fill in the blank 4 Ginni Lorenz (single), $580 wages $fill in the blank 5
3. Loretta Goulet (married; 3 federal withholding allowances) earned monthly gross pay of $2,800. For each period, she makes a 401(k) contribution of 14 gross pay. Federal income tax withholding=$
Kenneth McFarland's weekly gross earnings for the week ending March 9 were $2,170, and her federal income tax withholding was $390.60. Assuming the social security tax rate is 6% and Mcdicarc tax is 1.5% of all carnings, what is McFarland's net pay? If required, round your answer to two decimal places.
Use the percentage method to compute the federal income taxes to withhold from the wages or salaries of each employee. If an amount is zero, enter "0". If required, round your calculations and final answers to the nearest cent. EmployeeNo. Employee Name Marital Status No. of WithholdingAllowances Gross Wageor Salary Amountto BeWithheld 1 Amoroso, A. M 4 $1,610 weekly $fill in the blank 1 2 Finley, R. S 0 825 biweekly fill in the blank 2 3 Gluck, E. S 5 9,630 quarterly fill in the blank 3 4 Quinn, S. M 8 925 semimonthly fill in the blank 4 5 Treave, Y. M 3 2,875 monthly
Mary Matthews made $1,150 during a biweekly pay period. Only social security (fully taxable) and federal income taxes attach to her pay. Matthews contributes $100 from each biweekly pay to her company's 401k. Determine Matthews' take home pay if she is married filing jointly. (Use wage bracket method) Round your answer to two decimal places. please use 2022 tax rate tables
Thomas Fortuna (married; 4 federal withholding allowances) earned weekly gross pay of $745. For each period, he makes a 401(k) retirement plan contribution of 10% of gross pay. Using wage-bracket method: Federal income tax withholding = $ Using percentage method: Federal income tax withholding = $ 2:Barbara Houlihan (single; 1 federal withholding allowance) earned daily gross pay of $320. For each period, she makes a 401(k) contribution of 12% of gross pay. Using wage-bracket method: Federal income tax withholding = $ Using percentage method: Federal income tax withholding = $ 3:Marcus Xavier (married; 5 federal withholding allowances) earned monthly gross pay of $3,650. He participates in a flexible spending account, to which he contributes $200 during the period. Using wage-bracket method: Federal income tax withholding = $ Using percentage method: Federal income tax withholding = $
Dd.4.
Linda Sykes (single; 1 federal withholding allowance) earned. semimonthly gross pay of $2,715. She participates in a cafeteria plan, to which she contributed $135 during the period. Federal income tax withholding = $
please answer within 30 minutes..