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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Subject - account
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
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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