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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
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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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. apt IRS Table for Figuring Withholding Allowance 2016 IRS Table for Figuring Withholding Allowance According to the Percentage Method Payrol Period One Withholding Allowance Weekly Biweekly Semimonthly Monthly Quarterly Semiannually Annually Daily or miscellaneous (each day of the payroll period) View an example Print Get more nelp $77.90 155.80 168.80 337.50 1,012.50 2,025.00 4,050.00 15.60 Done - X Clear all e Ut =
Transcribed Image Text: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. apt IRS Table for Figuring Withholding Allowance 2016 IRS Table for Figuring Withholding Allowance According to the Percentage Method Payrol Period One Withholding Allowance Weekly Biweekly Semimonthly Monthly Quarterly Semiannually Annually Daily or miscellaneous (each day of the payroll period) View an example Print Get more nelp $77.90 155.80 168.80 337.50 1,012.50 2,025.00 4,050.00 15.60 Done - X Clear all e Ut =
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 withhold IS: subtracting withholding allowances) is: Not over $90 Over- $94 $480 $1,663 $3,892 $8,017 $17,317 $17,388 But 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 -$17,388 V
Transcribed Image Text: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 withhold IS: subtracting withholding allowances) is: Not over $90 Over- $94 $480 $1,663 $3,892 $8,017 $17,317 $17,388 But 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 -$17,388 V
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