Christopher receives gross monthly wages of $5,650.00. He is married and is entitled to 3 withholding allowances. How much income tax will be withheld, based on the percentage method tables in Exhibit 9-1 and Exhibit 9-2 from your text? EXHIBIT 9-1Percentage Method Amount for One Withholding AllowanceOne WithholdingAllowancePayroll PeriodWeekly .Biweekly .SemimonthlyMonthlyQuarterlySemiannuallyAnnually .Daily or miscellaneous (each day of the payrollperiod) .$79.80159.60172.90345.801,037.502,075.004,150.0016.00.... .. EXHIBIT 9-2 Tables for Percenta ge Method of WithhdidingPercentage Method Tables for Income Tax Withholding(For Wages Paid in 20XX)(a) SINGLE person (including head of househdid-If the amount of wages(after subractingwithholding alowances) isNot aver $71.TABLE 1-WEEKLY Payroll Period(b) MARRIED person-If the amount of wagesCafter subtractingwithhdiding allowance) isThe amount of inaome taxThe amount of income taxto withhold is:to withhdid isNot over $222of excess over-Over-$222Over-of exces over-But not over-5254-S815But not over-$0.00 plus 10%$36.60 plus 12%$171.36 plus 22%$541.84 plus 24%$1.234 24 plus 32%$1,757.12 plus 35%$3, 103 57 plus 37%$71$254-$222-5588$0.00 plus 10%$18.30 plus 12%$85.62 plus 22%$271.08 plus 24%$617.16 plus 32%$878.60 plus 35%$2,898.10 plus 37%-571-5254--5588$588$8 15$1,658$3,100$3917$9,687-51,658--53,100-53,917-59,687--$1,711--53,395--56,280-57,914--$11,761-S815-51,658-53, 100-53,917-59,687$1,711$3,395$6,280$7,914$11,761--$1,711-53,395-$6,280-$7,914-S11,761TABLE 2-BWEEKLY Payroll Period(a) SINGLE person (including head of househdid-If the amount of wages(after subtractingwithholding alowances) is(b) MARRIED person-If the amount of wagesCafter subtractingwithhdiding allowance) isThe amount of income taxThe amount of incame taxto withhold is:to withhdid isNot aver $142.Not over $444of excess over-Over--5142-5509Over-of exes over-But not over--5509But not over-$142$0.00 plus 10%$36.70 plus 12%$171.34 plus 22%$541 82 plus 24%$1.234 22 plus 32%$1,757 42 plus 35%$5,795.72 plus 37%-51,177-53,421-56,790-$12,560-$15,829S0.00 plus 10%$73.30 plus 12%$342 58 plus 22%$1,083.76 plus 24%$2.468 56 plus 32%$3,514.64 plus 35%$6.206.84 plus 37%$444-5444$509$1,631$3315$6.200$7835$19.373-51,631--53,315--6,200--57835-5 19,373$1,177$3,421$6,790$12,560$15,829$23,521-$1,177-51,631-53,315-56,200-57,835-S19,373-53,421-6,790-$12.560-$15,829--S23,521-523,521TABLE 3-SEMIMONTHLY Payroll Period(b) MARRIED personIf the amount of wagesCafter subtractingwithhdiding allowance) isNot over $481(a) SINGLE person (including head of hausehdid-If the amount of wages (atersubtacting withhdidingalowanon) isThe amount of income taxThe amount of income tto withhdid isto withhold is:Not over $154s0of excess over- Over--5 154of excess over-Over-$154$551But not over--5551-51,767--53,592--$6,717-58,488-520,988$0.00 plus 10%$39.70 plus 12%$185.62 plus 22%$587.12 plus 24%$1,337.12 plus 32%$1,903 84 plus 35%$6.278 84 plus 37%But not over--51,275--53,706-57,356--S13,606-517,148-S$25,481$481$1,767$3.592$6,717S8488$20,988-5551-51,767-53,592-56,717-58,488-S20,988$1.275$3,706$7.356$13,606$17,148$25,481s0.00 plus 10%$79.40 plus 12%$371.12 plus 22%$1,174.12 plus 24%$2,674. 12 plus 32%$3,807.11 plus 35%$6,724.11 plus 37%-S481-$1.275-53,706-57,356-$13,606-$17,148-$25,481TABLE 4-MONTHLY Payroll Period(a) SINGLE person (including head of hausehdid-If the amount of wages(after subtactingwithholding alowances) is(b) MARRIED person-If the amount of wages(after subtractingwithhdiding allowances) isThe amount of income taxThe amount of incame taxb withhold is:to withhdid is:Not over $963of excess over- Over-$963Not over $308.of exes over--$963-52,550-57A13-514,713-$27 213-534,296$13,448 27 plus 37 % -550,963Over-But not over-But not over-$308$1,102$3.533$7,183$13,433$16975$41,975.-51,102-53,533--57,183-513,433-516,975-541,975$0.00 plus 10%$79.40 plus 12%$371.12 plus 22%$1,174.12 plus 24%$2,674.12 plus 32%$3,807 56 plus 35%$2,550$7,413$14,713-$13,433 $27 213-$16,975 $34,296$12,55756 plus 37% -541,975 $50,963.-5308-51, 102-53,533-57, 183-52550-57413-$14713-$27213-$34296-$50,963$000 plus 10%$158.70 plus 12%$742.26 plus 22%$234826 plus 24%$5.34526 plus 32%$7,61482 plus 35%

Christopher receives gross monthly wages of $5,650.00. He is married and is entitled to 3 withholding allowances. How much income tax will be withheld, based on the percentage method tables in Exhibit 9-1 and Exhibit 9-2 from your text?

Christopher receives gross monthly wages of $5,650.00. He is married and is entitled to 3 withholding allowances. How much income tax will be withheld, based on the percentage method tables in Exhibit 9-1 and Exhibit 9-2 from your text?

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

See similar textbooks

Related questions

Q: John's annual premium is $1004. If he pays semi-annually, there is a $1 per payment surcharge.…

A: See the detailed solution below.

Q: Aharon and Patricia plan to file jointly and they currently project a taxable income of $142,250.…

A: Given that - Aharon and Patricia plan to file jointly and they currently project a taxable income of…

Q: Mike is filing as the head of a household. Her taxable income is $61,014. Use the Tax Table, Exhibit…

Q: adjusted gross income.

A: Given: The salary =$ 27,000 The amount of dividends =$ 2,800 Formula used: Adjusted Gross…

Q: In USA there are seven federal tax brackets for the 2020 tax year: 10%, 12%, 22%, 24%, 32%, 35% and…

A: (a) Create a Mathematical Model that represents the aforementioned information to calculate the…

Q: Use the Tax Rate Tables, Exhibit 18-3, to calculate the tax liability (in $) for the taxpayer. Name…

A: Working Notes: Williams is single with taxable income of $68,200 Calculation of tax liability…

Q: Apex Bank checking accounts pay 0.4% interest on all balances and charge the following fees: Check…

A: Give the answer using the above information

Q: Home insurance policies may cover jewelry for $1,000 and silverware for $2,500 unless these items…

A: Insurancecoverforjewellery=$1,000Insurancecoverforsilverware=$2,500Totalinsurancecoverage=$1,000+$2,…

Q: a. A new ring light costs $89. You get a coupon for 15% off. What is the discounted price? b. If…

A: Find the discount price

Q: Find the gross income, the adjusted gross income, and the taxable income. Suppose your neighbor…

A: Given that, Wages=$319,150Interest earned=$1790Tax-deferred retirement plan=$4100Personal…

Q: Use the 2016 marginal tax rates to compute the tax owed by the following person. A single man with…

A: Taxable income is $13000 According to the chart, Upto 9275 the tax is 10% From 9276 to 37000 the…

Q: Isabella is filing as the head of a household. Her taxable income is $69,014. Use the Tax Table,…

Q: Isabella is filing taxes. She lists her deductions as $5,200 for using her home as her business, a…

A: The objective of this question is to calculate Isabella's taxable income. This is done by…

Q: Tom sells mutual funds on a graduated commission structure. He receives 3.3% on the first 50,000 of…

Q: QUESTION 1 Christine wishes to purchase yarn for a new knitting project The yarn she'd like to buy…

Q: Suppose that you decide to borrow $17,000 for a new car. You can select one of the following loans,…

Q: you are paid 16.50/hr. you work 40 hr/week and 4 weeks/month. Your deductions are FICA (7.65%) and…

A: IntroductionThe gross income is the total money earned before the taxes and other deductions are…

Q: Complete the following payroll ledger. Find the total gross earnings for each employee. Time and a…

A: For BianchiHours Worked - 46.5Reg. Hrs. - 40 (Given)O.T. Hrs -…

Q: You are the owner of Caché, a chain of women's clothing boutiques. Your state has a sales tax of 7%,…

Q: Bria Williams' savings account statement is shown below. What is her new balance? Previous Interest…

Q: Your employer is converting from a semimonthly pay period to biweekly pays. If you currently make…

A: To convert from a semimonthly pay period to a biweekly pay period, we can use the following formula…

Q: Under the current tax plan, the person pays 26% flat income tax on their salary. Under a proposed…

A: Under the current tax plan, the person pays 26% flat income tax on their salary. Under a proposed…

Q: Use the combined wage bracket tables, Exhibit 9-3 and Exhibit 9-4, to solve. How much combined tax…

A: Given,A single employee earns per month and claims zero withholding allowances.Aim: To find the…

Q: Jill's 2013 NC tax is: $ (Round to the nearest dollar.) What is Jill's effective tax rate? [Tax paid…

A: Given jill lived and worked in North Carolina in 2013 Jill gross income=$78000 Jill dedcution =$3…

Question

EXHIBIT 9-1
Percentage Method Amount for One Withholding Allowance
One Withholding
Allowance
Payroll Period
Weekly .
Biweekly .
Semimonthly
Monthly
Quarterly
Semiannually
Annually .
Daily or miscellaneous (each day of the payroll
period) .
$
79.80
159.60
172.90
345.80
1,037.50
2,075.00
4,150.00
16.00
...
. ..

EXHIBIT 9-2 Tables for Percenta ge Method of Withhdiding
Percentage Method Tables for Income Tax Withholding
(For Wages Paid in 20XX)
(a) SINGLE person (including head of househdid-
If the amount of wages
(after subracting
withholding alowances) is
Not aver $71.
TABLE 1-WEEKLY Payroll Period
(b) MARRIED person-
If the amount of wages
Cafter subtracting
withhdiding allowance) is
The amount of inaome tax
The amount of income tax
to withhold is:
to withhdid is
Not over $222
of excess over-Over-
$222
Over-
of exces over-
But not over
-5254
-S815
But not over-
$0.00 plus 10%
$36.60 plus 12%
$171.36 plus 22%
$541.84 plus 24%
$1.234 24 plus 32%
$1,757.12 plus 35%
$3, 103 57 plus 37%
$71
$254
-$222
-5588
$0.00 plus 10%
$18.30 plus 12%
$85.62 plus 22%
$271.08 plus 24%
$617.16 plus 32%
$878.60 plus 35%
$2,898.10 plus 37%
-571
-5254
--5588
$588
$8 15
$1,658
$3,100
$3917
$9,687
-51,658
--53,100
-53,917
-59,687
--$1,711
--53,395
--56,280
-57,914
--$11,761
-S815
-51,658
-53, 100
-53,917
-59,687
$1,711
$3,395
$6,280
$7,914
$11,761
--$1,711
-53,395
-$6,280
-$7,914
-S11,761
TABLE 2-BWEEKLY Payroll Period
(a) SINGLE person (including head of househdid-
If the amount of wages
(after subtracting
withholding alowances) is
(b) MARRIED person-
If the amount of wages
Cafter subtracting
withhdiding allowance) is
The amount of income tax
The amount of incame tax
to withhold is:
to withhdid is
Not aver $142.
Not over $444
of excess over-Over-
-5142
-5509
Over-
of exes over-
But not over-
-5509
But not over-
$142
$0.00 plus 10%
$36.70 plus 12%
$171.34 plus 22%
$541 82 plus 24%
$1.234 22 plus 32%
$1,757 42 plus 35%
$5,795.72 plus 37%
-51,177
-53,421
-56,790
-$12,560
-$15,829
S0.00 plus 10%
$73.30 plus 12%
$342 58 plus 22%
$1,083.76 plus 24%
$2.468 56 plus 32%
$3,514.64 plus 35%
$6.206.84 plus 37%
$444
-5444
$509
$1,631
$3315
$6.200
$7835
$19.373
-51,631
--53,315
--6,200
--57835
-5 19,373
$1,177
$3,421
$6,790
$12,560
$15,829
$23,521
-$1,177
-51,631
-53,315
-56,200
-57,835
-S19,373
-53,421
-6,790
-$12.560
-$15,829
--S23,521
-523,521
TABLE 3-SEMIMONTHLY Payroll Period
(b) MARRIED person
If the amount of wages
Cafter subtracting
withhdiding allowance) is
Not over $481
(a) SINGLE person (including head of hausehdid-
If the amount of wages (ater
subtacting withhdiding
alowanon) is
The amount of income tax
The amount of income t
to withhdid is
to withhold is:
Not over $154
s0
of excess over- Over-
-5 154
of excess over-
Over-
$154
$551
But not over-
-5551
-51,767
--53,592
--$6,717
-58,488
-520,988
$0.00 plus 10%
$39.70 plus 12%
$185.62 plus 22%
$587.12 plus 24%
$1,337.12 plus 32%
$1,903 84 plus 35%
$6.278 84 plus 37%
But not over-
-51,275
--53,706
-57,356
--S13,606
-517,148
-S$25,481
$481
$1,767
$3.592
$6,717
S8488
$20,988
-5551
-51,767
-53,592
-56,717
-58,488
-S20,988
$1.275
$3,706
$7.356
$13,606
$17,148
$25,481
s0.00 plus 10%
$79.40 plus 12%
$371.12 plus 22%
$1,174.12 plus 24%
$2,674. 12 plus 32%
$3,807.11 plus 35%
$6,724.11 plus 37%
-S481
-$1.275
-53,706
-57,356
-$13,606
-$17,148
-$25,481
TABLE 4-MONTHLY Payroll Period
(a) SINGLE person (including head of hausehdid-
If the amount of wages
(after subtacting
withholding alowances) is
(b) MARRIED person-
If the amount of wages
(after subtracting
withhdiding allowances) is
The amount of income tax
The amount of incame tax
b withhold is:
to withhdid is:
Not over $963
of excess over- Over-
$963
Not over $308.
of exes over-
-$963
-52,550
-57A13
-514,713
-$27 213
-534,296
$13,448 27 plus 37 % -550,963
Over-
But not over-
But not over-
$308
$1,102
$3.533
$7,183
$13,433
$16975
$41,975.
-51,102
-53,533
--57,183
-513,433
-516,975
-541,975
$0.00 plus 10%
$79.40 plus 12%
$371.12 plus 22%
$1,174.12 plus 24%
$2,674.12 plus 32%
$3,807 56 plus 35%
$2,550
$7,413
$14,713
-$13,433 $27 213
-$16,975 $34,296
$12,55756 plus 37% -541,975 $50,963.
-5308
-51, 102
-53,533
-57, 183
-52550
-57413
-$14713
-$27213
-$34296
-$50,963
$000 plus 10%
$158.70 plus 12%
$742.26 plus 22%
$234826 plus 24%
$5.34526 plus 32%
$7,61482 plus 35%

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

VIEW

Step 2

VIEW

Step 3

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

$Research Ethics$

Learn more about

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

Similar questions

Answer this question CORRECTLY!!! Ms. Yamato’s gross pay is $2644. Her deductions total $548.30. What percent of her gross pay is take-home pay? A. 84% B. 79% C. 21% D. 18%
In 2017, Lubersec Inc. made $500,000 in sales, the sales returns and allowances were $60,000, the operating expenses were $260,000, the beginning inventory was $19,000, the net purchases were $81,000, and the ending inventory was $31,000. What was the company's 2017 gross profit? O a. $180,000 O b. $371,000 O c. $111,000 O d. $431,000 P Type here to search 24 esc 12 -
A credit card company offers an annual 2% cash-back rebate on all gasoline purchases. If a family spent $7250 on gasoline purchases over the course of a year, what was the family's rebate at the end of the year?
Is the following problem a percent increase problem or a percent decrease problem? Pat earns $10 per hour. She will be getting a 5% pay raise next year. What will be her new hourly pay?
Mason Industries purchased a drilling rig for $75,900. Delivery costs totaled $2,817. The useful life is 7 years and the salvage value is $12,952. Prepare a depreciation schedule using the straight-line method. Mason IndustriesDepreciation Schedule—Drilling End of Year Annual Depreciation ($) Accumulated Depreciation ($) Book Value ($) $78,717 (new) 1 $ $ $ 2 $ $ $ 3 $ $ $ 4 $ $ $ 5 $ $ $ 6 $ $ $ 7 $ $ $
Red, Inc provides group term life insurance to all of its employees. Susan, a vice-president, received $200,000 of coverage for the year. The Uniform Premiums (based on Susan's age) are $ 15 per month for $1,000 o f protection How much of this must Susan include in gross income this year? O SO O $360.00 O $270.00 O $280.00
3. A house sold for $75,200, which was 94% of the listing price of 4. When the sale on the Smith house closed, the broker withheld the sellers' title expense of $250, after deducting his 62 commission of $5,200 and delivered to the seller a net check for
Rose Garza's regular hourly wage rate is $12.00, and she receives a wage of 1½ times the regular hourly rate for work in excess of 40 hours. During a March weekly pay period, Rose worked 42 hours. Her gross earnings prior to the current week were $5,000. Rose is married and claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at $20 per week.