Homework Help is Here – Start Your Trial Now!
Business
Accounting
Don Beldon earns $7.50/hour, and worked 43 hours during the most recent week. He participates in a cafeteria plan, to which he pays $100 each period. Don Beldon is single, and claims three federal and two state withholding allowances. What is the Federal Withholding amount and What is the State Withholding amount?

Don Beldon earns $7.50/hour, and worked 43 hours during the most recent week. He participates in a cafeteria plan, to which he pays $100 each period. Don Beldon is single, and claims three federal and two state withholding allowances. What is the Federal Withholding amount and What is the State Withholding amount?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
Don Beldon earns $7.50/hour, and worked 43 hours during the most recent week. He participates in a cafeteria plan, to which he pays $100 each period. Don Beldon is single, and claims three federal and two state withholding allowances. What is the Federal Withholding amount and What is the State Withholding amount?
### 2020 Percentage Method Tables for Manual Payroll Systems With Forms W-4 From 2020 or Later #### STANDARD Withholding Rate Schedules *(Use these if the box in Step 2 of Form W-4 is **NOT** checked)* #### WEEKLY Payroll Period | Adjusted Wage Amount (line 1h) | Tentative Amount to Withhold | Plus This Percentage | Amount Exceeds | |-------------------------------|------------------------------|---------------------|----------------| | **Married Filing Jointly** | | | | | At Least | But Less Than | | | | | $0 | $477 | $0.00 | 0% | $0 | | $477 | $857 | $0.00 | 10% | $477 | | $857 | $2,020 | $38.00 | 12% | $857 | | $2,020 | $3,756 | $177.56 | 22% | $2,020 | | $3,756 | $6,758 | $561.68 | 24% | $3,756 | | $6,758 | $8,452 | $1,367.76 | 32% | $6,758 | | $8,452 | $12,439 | $1,921.84 | 35% | $8,452 | | $12,439 | - | $3,217.29 | 37% | $12,439 | | Adjusted Wage Amount (line 1h) | Tentative Amount to Withhold | Plus This Percentage | Amount Exceeds | |-------------------------------|------------------------------|---------------------|----------------| | **Single or Married Filing Separately** | | | | | At Least | But Less Than | | | | | $0 | $238 | $0.00 | 0% | $0 | | $238 | $428 | $0.00 | 10% | $238 | | $428 | $1,010 | $19.00 | 12% | $428 | | $1,010 | $1,883 | $83.84 | 22% | $1,010 | | $1,883 | $3,379 | $280.90 | 24% | $1,883 | | $3,379 | $4,226 | $
Transcribed Image Text:### 2020 Percentage Method Tables for Manual Payroll Systems With Forms W-4 From 2020 or Later #### STANDARD Withholding Rate Schedules *(Use these if the box in Step 2 of Form W-4 is **NOT** checked)* #### WEEKLY Payroll Period | Adjusted Wage Amount (line 1h) | Tentative Amount to Withhold | Plus This Percentage | Amount Exceeds | |-------------------------------|------------------------------|---------------------|----------------| | **Married Filing Jointly** | | | | | At Least | But Less Than | | | | | $0 | $477 | $0.00 | 0% | $0 | | $477 | $857 | $0.00 | 10% | $477 | | $857 | $2,020 | $38.00 | 12% | $857 | | $2,020 | $3,756 | $177.56 | 22% | $2,020 | | $3,756 | $6,758 | $561.68 | 24% | $3,756 | | $6,758 | $8,452 | $1,367.76 | 32% | $6,758 | | $8,452 | $12,439 | $1,921.84 | 35% | $8,452 | | $12,439 | - | $3,217.29 | 37% | $12,439 | | Adjusted Wage Amount (line 1h) | Tentative Amount to Withhold | Plus This Percentage | Amount Exceeds | |-------------------------------|------------------------------|---------------------|----------------| | **Single or Married Filing Separately** | | | | | At Least | But Less Than | | | | | $0 | $238 | $0.00 | 0% | $0 | | $238 | $428 | $0.00 | 10% | $238 | | $428 | $1,010 | $19.00 | 12% | $428 | | $1,010 | $1,883 | $83.84 | 22% | $1,010 | | $1,883 | $3,379 | $280.90 | 24% | $1,883 | | $3,379 | $4,226 | $
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Income tax withholdings
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
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS