Kerry is a full-time exempt employee in Bismarck, North Dakota. He earns an annual salary of $39,600 and is paid semimonthly. He is married filing separately and has indicated checkbox withholding on his 2022 Form W-4, with an additional withholding of $45.00. His state income tax is 1.10%, and Bismarck local income tax is 3.0%. What is the total of FICA, federal, state, and local tax deductions per pay period, assuming no pre-tax deductions? Note: Use the wage-bracket table to determine federal taxes. Do not round intermediate calculations. Round your final answer to 2 decimal places. 2022 Wage Bracket Method Tables for Manual Payroll Systems with Forms W-4 From 2020 or Later SEMIMONTHLY Payroll Period If the Adjusted Wage Amount (line 1h) is Married Filing Jointly Head of Household Single or Married Filing Separately At least But less than Standard withholding Form W-4, Step 2, Checkbox withholding Standard withholding Form W-4, Step 2, Checkbox withholding Standard withholding Form W-4, Step 2, Checkbox withholding The Tentative Withholding Amount is: $ 1,420 $ 1,440 $ 35 $ 98 $ 62 $ 117 $ 98 $ 164 $ 1,440 $ 1,460 $ 37 $ 101 $ 65 $ 119 $ 101 $ 168 $ 1,460 $ 1,480 $ 39 $ 103 $ 67 $ 122 $ 103 $ 173 $ 1,480 $ 1,500 $ 41 $ 105 $ 70 $ 124 $ 105 $ 177 $ 1,500 $ 1,520 $ 43 $ 108 $ 72 $ 127 $ 108 $ 182 $ 1,520 $ 1,540 $ 45 $ 110 $ 74 $ 129 $ 110 $ 186 $ 1,540 $ 1,560 $ 47 $ 113 $ 77 $ 131 $ 113 $ 190 $ 1,560 $ 1,580 $ 49 $ 115 $ 79 $ 134 $ 115 $ 195 $ 1,580 $ 1,600 $ 51 $ 117 $ 82 $ 138 $ 117 $ 199 $ 1,600 $ 1,620 $ 53 $ 120 $ 84 $ 143 $ 120 $ 204 $ 1,620 $ 1,640 $ 55 $ 122 $ 86 $ 147 $ 122 $ 208 $ 1,640 $ 1,660 $ 57 $ 125 $ 89 $ 152 $ 125 $ 212 $ 1,660 $ 1,680 $ 59 $ 127 $ 91 $ 156 $ 127 $ 217 $ 1,680 $ 1,700 $ 61 $ 129 $ 94 $ 160 $ 129 $ 221 $ 1,700 $ 1,720 $ 63 $ 132 $ 96 $ 165 $ 132 $ 226 $ 1,720 $ 1,740 $ 65 $ 134 $ 98 $ 169 $ 134 $ 230 $ 1,740 $ 1,760 $ 67 $ 137 $ 101 $ 174 $ 137 $ 234 $ 1,760 $ 1,780 $ 69 $ 139 $ 103 $ 178 $ 139 $ 239

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter10: Individuals: Income, Deductions, And Credits

Section: Chapter Questions

Problem 22P

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Question

Kerry is a full-time exempt employee in Bismarck, North Dakota. He earns an annual salary of $39,600 and is paid semimonthly. He is married filing separately and has indicated checkbox withholding on his 2022 Form W-4, with an additional withholding of $45.00. His state income tax is 1.10%, and Bismarck local income tax is 3.0%. What is the total of FICA, federal, state, and local tax deductions per pay period, assuming no pre-tax deductions? Note: Use the wage-bracket table to determine federal taxes. Do not round intermediate calculations. Round your final answer to 2 decimal places. 2022 Wage Bracket Method Tables for Manual Payroll Systems with Forms W-4 From 2020 or Later SEMIMONTHLY Payroll Period If the Adjusted Wage Amount (line 1h) is Married Filing Jointly Head of Household Single or Married Filing Separately At least But less than Standard withholding Form W-4, Step 2, Checkbox withholding Standard withholding Form W-4, Step 2, Checkbox withholding Standard withholding Form W-4, Step 2, Checkbox withholding The Tentative Withholding Amount is: $ 1,420 $ 1,440 $ 35 $ 98 $ 62 $ 117 $ 98 $ 164 $ 1,440 $ 1,460 $ 37 $ 101 $ 65 $ 119 $ 101 $ 168 $ 1,460 $ 1,480 $ 39 $ 103 $ 67 $ 122 $ 103 $ 173 $ 1,480 $ 1,500 $ 41 $ 105 $ 70 $ 124 $ 105 $ 177 $ 1,500 $ 1,520 $ 43 $ 108 $ 72 $ 127 $ 108 $ 182 $ 1,520 $ 1,540 $ 45 $ 110 $ 74 $ 129 $ 110 $ 186 $ 1,540 $ 1,560 $ 47 $ 113 $ 77 $ 131 $ 113 $ 190 $ 1,560 $ 1,580 $ 49 $ 115 $ 79 $ 134 $ 115 $ 195 $ 1,580 $ 1,600 $ 51 $ 117 $ 82 $ 138 $ 117 $ 199 $ 1,600 $ 1,620 $ 53 $ 120 $ 84 $ 143 $ 120 $ 204 $ 1,620 $ 1,640 $ 55 $ 122 $ 86 $ 147 $ 122 $ 208 $ 1,640 $ 1,660 $ 57 $ 125 $ 89 $ 152 $ 125 $ 212 $ 1,660 $ 1,680 $ 59 $ 127 $ 91 $ 156 $ 127 $ 217 $ 1,680 $ 1,700 $ 61 $ 129 $ 94 $ 160 $ 129 $ 221 $ 1,700 $ 1,720 $ 63 $ 132 $ 96 $ 165 $ 132 $ 226 $ 1,720 $ 1,740 $ 65 $ 134 $ 98 $ 169 $ 134 $ 230 $ 1,740 $ 1,760 $ 67 $ 137 $ 101 $ 174 $ 137 $ 234 $ 1,760 $ 1,780 $ 69 $ 139 $ 103 $ 178 $ 139 $ 239

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