Gadubhai Kendall, who earned $125,400 during 2022, is paid on a monthly basis, is married, (spouse does not work) and claims two dependentswho are under the age of 17. Use the Percentage Method Tables for Automated Payroll Systems. Use percentage method tables forautomated systems.Required:a. What is Kendall's federal tax withholding for each pay period?b. What is Kendall's FICA withholding for each pay period?Note: For all requirements, round your intermediate computations and final answers to 2 decimal places.a. Federal tax withholdingsb. Total FICA withholdingAmount

To solve this problem, we need to calculate Kendall's federal tax withholding and FICA withholding…

Answered: Kendall, who earned $125,400 during…

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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Kendall, who earned $121,200 during 2023, is paid on a monthly basis, is married, (spouse does not work) and claims two dependents who are under the age of 17. Use the percentage method tables for automated Payroll systems with step 2 of Forms W-4 is not checked. Required: a. What is Kendall's federal tax withholding for each pay period? b. What is Kendall's FICA withholding for each pay period? Note: For all requirements, round your intermediate computations and final answers to 2 decimal places. a. Federal tax withholdings b. Total FICA withholding Amount 24,069.00
None
Henry, who earned $124,200 during 2020, is paid on a monthly basis, is married, (spouse does not work) and two dependents who are under the age of 17. Assume that Henry has only one job or that step 2 of Form W-4 is not checked. Also, his employer uses the percentage method table for an automated payroll system. Use percentage method tables for automated systems. Required: What is Henry’s federal tax withholding for each pay period? What is Henry’s FICA withholding for each pay period?
2 Roberto's salary is $147,860.40 in 2021. Roberto is paid on a semimonthly basis, is single, and claims one dependent who is under the age of 17. Use the Percentage Method Tables for Manual Payroll Systems with Forms W-4 from 2020 or Later. Use percentage method tables for a manual payroll systems Required: a. What is Roberto's federal tax withholding per pay period? b. What is Roberto's FICA withholding per pay period before the social security limit is reached? c. For the last pay period in 2021, what is Roberto's FICA withholding? Note: For all requirements, round your intermediate computations and final answers to 2 decimal places. Answer is complete but not entirely correct. for the work you have completed so far. It does not indicate completion. a Federal tax withholdings b. FICA withholdings c. FICA withholdings Amount $ 1,105.00 $ 470.73 $11.001.11
Roberto's salary is $149,865.00 in 2022. Roberto is paid on a semimonthly basis, is unmarried and has one qualifying dependent under the age of 17 per his Form W-4. Use the Percentage Method Tables for Manual Payroll Systems with Forms W-4 from 2020 or Later. Use percentage method tables for a manual payroll systems. Required: a. What is Roberto's federal tax withholding per pay period? b. What is Roberto's FICA withholding per pay period before the social security limit is reached? c. For the last pay period in 2022, what is Roberto's FICA withholding? Note: For all requirements, round your intermediate computations and final answers to 2 decimal places. a. Federal tax withholdings b. FICA withholdings c. FICA withholdings Amount
6
Godo
Carter Manning has a weekly adjusted gross income of $990, is single, and claims one withholding allowance. Find the federal tax withholding to be deducted from his weekly paycheck using the percentage method tables. LOADING... Click the icon to view the IRS Table for Figuring Withholding Allowance According to the Percentage Method. LOADING... Click the icon to view the Table for Percentage Method of Withholding - Weekly Payroll Period. Question content area bottom Part 1 The federal tax withholding to be deducted from his salary is $ enter your response here.
A-1
Haresh
Aa.105.
None

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