Dd.4. Dieter Tillman earns a semimonthly salary of $1,665. He has a $110 adjustment-to-income flexible benefits package, issingle, and claims four withholding allowances. Find the federal tax withholding to be deducted from his salary using thepercentage method tables.Click the icon to view the IRS Table for Figuring Withholding Allowance According to the Percentage Method.Click the icon to view the Table for Percentage Method of Withholding - Semimonthly Payroll Period.aptIRS Table for Figuring Withholding Allowance2016 IRS Table for Figuring Withholding AllowanceAccording to the Percentage MethodPayrol PeriodOne WithholdingAllowanceWeeklyBiweeklySemimonthlyMonthlyQuarterlySemiannuallyAnnuallyDaily or miscellaneous (each day ofthe payroll period)View an examplePrintGet more nelp$77.90155.80168.80337.501,012.502,025.004,050.0015.60Done- XClear alleUt= OLIVINVIONTTILIT ayrom arou(For Wages Paid in 2012)Single person (including head of household)If the amount of wages (after The amount of income tax to withholdIS:subtracting withholdingallowances) is:Not over $90Over-$94$480$1,663$3,892$8,017$17,317$17,388But not over--$0-$480 $0.00 plus 10%$1,663 $38.60 plus 15%-$3,892 $216.05 plus 25%-$8,017 $773.30 plus 28%-$17,317 $1,928.30 plus 33%-$17,388 $4,997.30 plus 35%$5,022.15 plus 39.6%of excess over--$94-$480-$1,663-$3,892-$8,017-$17,317-$17,388V

Federal Tax withholding: It is the amount which is withheld from the wages of the employees which is…

Dieter Tillman earns a semimonthly salary of $1,665. He has a $110 adjustment-to-income flexible benefits package, is single, and claims four withholding allowances. Find the federal tax withholding to be deducted from his salary using the percentage method tables. Click the icon to view the IRS Table for Figuring Withholding Allowance According to the Percentage Method. Click the icon to view the Table for Percentage Method of Withholding - Semimonthly Payroll Period.

Dieter Tillman earns a semimonthly salary of $1,665. He has a $110 adjustment-to-income flexible benefits package, is single, and claims four withholding allowances. Find the federal tax withholding to be deducted from his salary using the percentage method tables. Click the icon to view the IRS Table for Figuring Withholding Allowance According to the Percentage Method. Click the icon to view the Table for Percentage Method of Withholding - Semimonthly Payroll Period.

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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