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Moravanti Italian Imports H

Moravanti Italian Imports H

FINANCIAL ACCOUNTING
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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Ee 366.

Moravanti Italian Imports has four employees and pays biweekly. Assume that box 2 is not checked for L. Torabi and R. Beninati and is checked for G. Fisher and J. Tillman. Required: Complete the W-4 multi-jobs worksheet (when applicable) Section 2(b), for all employees, each will use the standard deduction, and calculate the federal income tax withholding using the wage-bracket tables in Appendix C. (Round your intermediate calculations and final answers to 2 decimal places.) Employee L. Torabi R. Beninati G. Fisher J. Tillman Filing Status S S MJ MJ Answer is complete but not entirely correct. Spouse Annual Salary or Pay Frequency Dependents None One Other Three <17 Two <17 Annual Salary $ 39,500 S 48,500 S 45,300 S 42,000 Not applicable Not applicable $75,600/biweekly $27,500/weekly $ $ $ $ Federal Income Tax per period 116.00 67.00 X 138.00 X 48.00 I can only find the single annual $39500 biweekly federal tax is $116 but other three still not get!
Transcribed Image Text:Moravanti Italian Imports has four employees and pays biweekly. Assume that box 2 is not checked for L. Torabi and R. Beninati and is checked for G. Fisher and J. Tillman. Required: Complete the W-4 multi-jobs worksheet (when applicable) Section 2(b), for all employees, each will use the standard deduction, and calculate the federal income tax withholding using the wage-bracket tables in Appendix C. (Round your intermediate calculations and final answers to 2 decimal places.) Employee L. Torabi R. Beninati G. Fisher J. Tillman Filing Status S S MJ MJ Answer is complete but not entirely correct. Spouse Annual Salary or Pay Frequency Dependents None One Other Three <17 Two <17 Annual Salary $ 39,500 S 48,500 S 45,300 S 42,000 Not applicable Not applicable $75,600/biweekly $27,500/weekly $ $ $ $ Federal Income Tax per period 116.00 67.00 X 138.00 X 48.00 I can only find the single annual $39500 biweekly federal tax is $116 but other three still not get!
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