Find the percentage method income on Darcie Love's weekly gross earnings of S2,920. She has no adjustments to income, is married, and claims three withholdingallowances on her W-4 form.Click to view the table for withholding allowance according to the Percentage Method.The percentage method income on Darcie Love's weekly gross earnings is $ 2016 IRS Table for Figuring Withholding AllowanceAccording to the Percentage MethodPayroll PeriodOne WithholdingAllowanceWeeklyBiweeklySemimonthlyMonthlyQuarterlySemiannuallyAnnuallyDaily or miscellaneous (each day ofthe payroll period)$77.90155.80168.80337.501,012.502,025.004,050.0015.60

= Wage Expenses - ( One time Allowances × total no. allowances claimed by form W-4)=$2920 -( $77.90…

Answered: Find the percentage method income on…

Find the percentage method income on Darcie Love's weekly gross earnings of $2,920. She has no adjustments to income, is married, and claims three withholding allowances on her W-4 form.

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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