Lauprechta Incorporated has the following employees on payroll. Assume that all the employees has only one job or that step 2 of Form W-4 is not checked and all dependents are under the age of 17. Also, the employer uses 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. Naila Wilfred Byron Annie Number of Dependents Semimonthly from Form W- 4 Payroll $ 7,500 $ 5,340 $ 3,940 $ 4,540 Naila Employee Federal Withholding Tax 3 2 0 Required: Complete the table for taxes to be withheld for each pay period. Note: Round your intermediate computations and final answers to 2 decimal places. Marital Status Married Married Single Single $ Social Security Tax 465.00 $ Medicare Tax 108.75 $ Total Taxes Withheld 573.75

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Lauprechta Incorporated has the following employees on payroll. Assume that all the employees has only one job or that step 2 of
Form W-4 is not checked and all dependents are under the age of 17. Also, the employer uses 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.
Naila
Wilfred
Byron
Annie
Semimonthly
Payroll
$7,500
$5,340
$ 3,940
$4,540
Number of
Dependents
from Form W-
Naila
Wilfred
Byron
Annie
Employee Federal Withholding Tax
4
3
2
0
1
Required:
Complete the table for taxes to be withheld for each pay period.
Note: Round your intermediate computations and final answers to 2 decimal places.
Marital
Status
Married
Married
Single
Single
Social Security
Tax
$
$
$
$
Medicare Tax
465.00 $
331.08 $
244.28 $
281.48 $
108.75
77.43
57.13
65.83
Total Taxes
Withheld
$
$
$
$
573.75
408.51
301.41
347.31
Transcribed Image Text:Lauprechta Incorporated has the following employees on payroll. Assume that all the employees has only one job or that step 2 of Form W-4 is not checked and all dependents are under the age of 17. Also, the employer uses 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. Naila Wilfred Byron Annie Semimonthly Payroll $7,500 $5,340 $ 3,940 $4,540 Number of Dependents from Form W- Naila Wilfred Byron Annie Employee Federal Withholding Tax 4 3 2 0 1 Required: Complete the table for taxes to be withheld for each pay period. Note: Round your intermediate computations and final answers to 2 decimal places. Marital Status Married Married Single Single Social Security Tax $ $ $ $ Medicare Tax 465.00 $ 331.08 $ 244.28 $ 281.48 $ 108.75 77.43 57.13 65.83 Total Taxes Withheld $ $ $ $ 573.75 408.51 301.41 347.31
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