$ 1,045 $ 1,060 $ 0 $ 48 $ 19 $ 68 $ 48 $ 87 $ 1,060 $ 1,075 $ 0 $ 50 $ 20 $ 70 $ 50 $ 89 $ 1,075 $ 1,090 $ 0 $ 51 $ 22 $ 71 $ 51 $ 91 $ 1,090 $ 1,105 $ 0 $ 53 $ 23 $ 73 $ 53 $ 92 Multiple Choice ○ $89.00 ○ $50.00 ○ $91.00 ○ $51.00 Justice earned $1,080.00 during the most recent semimonthly pay period. Justice is single and has indicated checkbox withholding, has no pre-tax deductions, and has filed a 2023 Form W-4. Using the following table, how much should be withheld for federal income tax? Note: Use the wage-bracket table. 2023 Wage Bracket Method Tables for Manual Payroll Systems with Forms W-4 From 2020 or Later SEMIMONTHLY Payroll Period If the Adjusted Wage Single or Married Filing Amount (line 1h) is Married Filing Jointly Head of Household Form W-4, Form W-4, Standard withholding Step 2, Checkbox withholding Standard Step 2, Checkbox Standard withholding withholding withholding Separately Form W-4, Step 2, Checkbox withholding At least But less than The Tentative Withholding Amount is: $ 670 $ 685 $ 0 $ 10 $ 0 $ 24 $ 10 $ 42 $ 685 $ 700 $ 0 $ 12 $ 0 $ 26 $ 12 $ 44 $ 700 $ 715 $ 0 $ 13 $ 0 $ 27 $ 13 $ 46 $ 715 $ 730 $ 0 $ 15 $ 0 $ 29 $ 15 $ 47 $ 730 $ 745 $ 0 $ 16 $ 0 $ 30 $ 16 $ 49 $ 745 $ 760 $0 $ 18 $ 0 $ 32 $ 18 $ 51 $ 760 $ 775 $ 0 $ 19 $ 0 $ 34 $ 19 $ 53 $ 775 $ 790 $ 0 $ 21 $ 0 $ 35 $ 21 $ 55 $ 790 $ 805 $ 0 $ 22 $ 0 $ 37 $ 22 $ 56 $ 805 $ 820 $ 0 $ 24 $ 0 $ 39 $ 24 $ 58 $ 820 $ 835 $ 0 $ 25 $ 0 $ 41 $ 25 $ 60 $ 835 $ 850 $ 0 $ 27 $ 0 $ 43 $ 27 $ 62 $ 850 $ 865 $ 0 $ 28 $ 0 $ 44 $ 28 $ 64 $ 865 $ 880 $ 0 $ 30 $ 1 $ 46 $ 30 $ 65 $ 880 $ 895 $ 0 $ 31 $ 2 $ 48 $ 31 $ 67 $ 895 $ 910 $ 0 $ 33 $ 4 $ 50 $ 33 $ 69 $ 910 $ 925 $ 0 $ 34 $ 5 $ 52 $ 34 $ 71 $ 925 $ 940 $ 0 $ 36 $ 7 $ 53 $ 36 $ 73 $ 940 $ 955 $ 0 $ 37 $ 8 $ 55 $ 37 $ 74 $ 955 $ 970 $ 0 $ 39 $ 10 $ 57 $ 39 $ 76 $ 970 $ 985 $ 0 $ 40 $ 11 $ 59 $ 40 $ 78 $ 985 $ 1,000 $ 0 $ 42 $ 13 $ 61 $ 42 $ 80 $ 1,000 $ 1,015 $ 0 $ 43 $ 14 $ 62 $ 43 $ 82
$ 1,045 $ 1,060 $ 0 $ 48 $ 19 $ 68 $ 48 $ 87 $ 1,060 $ 1,075 $ 0 $ 50 $ 20 $ 70 $ 50 $ 89 $ 1,075 $ 1,090 $ 0 $ 51 $ 22 $ 71 $ 51 $ 91 $ 1,090 $ 1,105 $ 0 $ 53 $ 23 $ 73 $ 53 $ 92 Multiple Choice ○ $89.00 ○ $50.00 ○ $91.00 ○ $51.00 Justice earned $1,080.00 during the most recent semimonthly pay period. Justice is single and has indicated checkbox withholding, has no pre-tax deductions, and has filed a 2023 Form W-4. Using the following table, how much should be withheld for federal income tax? Note: Use the wage-bracket table. 2023 Wage Bracket Method Tables for Manual Payroll Systems with Forms W-4 From 2020 or Later SEMIMONTHLY Payroll Period If the Adjusted Wage Single or Married Filing Amount (line 1h) is Married Filing Jointly Head of Household Form W-4, Form W-4, Standard withholding Step 2, Checkbox withholding Standard Step 2, Checkbox Standard withholding withholding withholding Separately Form W-4, Step 2, Checkbox withholding At least But less than The Tentative Withholding Amount is: $ 670 $ 685 $ 0 $ 10 $ 0 $ 24 $ 10 $ 42 $ 685 $ 700 $ 0 $ 12 $ 0 $ 26 $ 12 $ 44 $ 700 $ 715 $ 0 $ 13 $ 0 $ 27 $ 13 $ 46 $ 715 $ 730 $ 0 $ 15 $ 0 $ 29 $ 15 $ 47 $ 730 $ 745 $ 0 $ 16 $ 0 $ 30 $ 16 $ 49 $ 745 $ 760 $0 $ 18 $ 0 $ 32 $ 18 $ 51 $ 760 $ 775 $ 0 $ 19 $ 0 $ 34 $ 19 $ 53 $ 775 $ 790 $ 0 $ 21 $ 0 $ 35 $ 21 $ 55 $ 790 $ 805 $ 0 $ 22 $ 0 $ 37 $ 22 $ 56 $ 805 $ 820 $ 0 $ 24 $ 0 $ 39 $ 24 $ 58 $ 820 $ 835 $ 0 $ 25 $ 0 $ 41 $ 25 $ 60 $ 835 $ 850 $ 0 $ 27 $ 0 $ 43 $ 27 $ 62 $ 850 $ 865 $ 0 $ 28 $ 0 $ 44 $ 28 $ 64 $ 865 $ 880 $ 0 $ 30 $ 1 $ 46 $ 30 $ 65 $ 880 $ 895 $ 0 $ 31 $ 2 $ 48 $ 31 $ 67 $ 895 $ 910 $ 0 $ 33 $ 4 $ 50 $ 33 $ 69 $ 910 $ 925 $ 0 $ 34 $ 5 $ 52 $ 34 $ 71 $ 925 $ 940 $ 0 $ 36 $ 7 $ 53 $ 36 $ 73 $ 940 $ 955 $ 0 $ 37 $ 8 $ 55 $ 37 $ 74 $ 955 $ 970 $ 0 $ 39 $ 10 $ 57 $ 39 $ 76 $ 970 $ 985 $ 0 $ 40 $ 11 $ 59 $ 40 $ 78 $ 985 $ 1,000 $ 0 $ 42 $ 13 $ 61 $ 42 $ 80 $ 1,000 $ 1,015 $ 0 $ 43 $ 14 $ 62 $ 43 $ 82
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:$ 1,045
$ 1,060
$ 0
$ 48
$ 19
$ 68
$ 48
$ 87
$ 1,060
$ 1,075
$ 0
$ 50
$ 20
$ 70
$ 50
$ 89
$ 1,075
$ 1,090
$ 0
$ 51
$ 22
$ 71
$ 51
$ 91
$ 1,090
$ 1,105
$ 0
$ 53
$ 23
$ 73
$ 53
$ 92
Multiple Choice
○ $89.00
○ $50.00
○ $91.00
○ $51.00
Transcribed Image Text:Justice earned $1,080.00 during the most recent semimonthly pay period. Justice is single and has indicated checkbox withholding, has no pre-tax deductions, and has filed a 2023 Form W-4. Using the following
table, how much should be withheld for federal income tax?
Note: Use the wage-bracket table.
2023 Wage Bracket Method Tables for Manual Payroll Systems with Forms W-4 From 2020 or Later
SEMIMONTHLY Payroll Period
If the Adjusted Wage
Single or Married Filing
Amount (line 1h) is
Married Filing Jointly
Head of Household
Form W-4,
Form W-4,
Standard
withholding
Step 2,
Checkbox
withholding
Standard
Step 2,
Checkbox
Standard
withholding withholding withholding
Separately
Form W-4,
Step 2,
Checkbox
withholding
At least
But less than
The Tentative Withholding Amount is:
$ 670
$ 685
$ 0
$ 10
$ 0
$ 24
$ 10
$ 42
$ 685
$ 700
$ 0
$ 12
$ 0
$ 26
$ 12
$ 44
$ 700
$ 715
$ 0
$ 13
$ 0
$ 27
$ 13
$ 46
$ 715
$ 730
$ 0
$ 15
$ 0
$ 29
$ 15
$ 47
$ 730
$ 745
$ 0
$ 16
$ 0
$ 30
$ 16
$ 49
$ 745
$ 760
$0
$ 18
$ 0
$ 32
$ 18
$ 51
$
760
$ 775
$ 0
$ 19
$ 0
$ 34
$ 19
$ 53
$ 775
$ 790
$ 0
$ 21
$ 0
$ 35
$ 21
$ 55
$ 790
$ 805
$ 0
$ 22
$ 0
$ 37
$ 22
$ 56
$ 805
$ 820
$ 0
$ 24
$ 0
$ 39
$ 24
$ 58
$
820
$ 835
$ 0
$ 25
$ 0
$ 41
$ 25
$ 60
$ 835
$ 850
$ 0
$ 27
$ 0
$ 43
$ 27
$ 62
$ 850
$ 865
$ 0
$ 28
$ 0
$ 44
$ 28
$ 64
$ 865
$ 880
$ 0
$ 30
$ 1
$ 46
$ 30
$ 65
$ 880
$ 895
$ 0
$ 31
$ 2
$ 48
$ 31
$ 67
$ 895
$ 910
$ 0
$ 33
$ 4
$ 50
$ 33
$ 69
$ 910
$ 925
$ 0
$ 34
$ 5
$ 52
$ 34
$ 71
$ 925
$ 940
$ 0
$ 36
$ 7
$ 53
$ 36
$ 73
$ 940
$ 955
$ 0
$
37
$ 8
$ 55
$ 37
$ 74
$ 955
$ 970
$ 0
$ 39
$ 10
$ 57
$ 39
$ 76
$ 970
$ 985
$ 0
$ 40
$ 11
$ 59
$ 40
$ 78
$ 985
$ 1,000
$ 0
$ 42
$ 13
$ 61
$ 42
$ 80
$ 1,000
$ 1,015
$ 0
$ 43
$ 14
$ 62
$ 43
$ 82
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