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: On Form W-4, complete Step 2, the Multiple Jobs Worksheet (when applicable) to obtain the amount for Step 4(c). Calculate the federal income tax withholding using the wage-bracket tables with Forms W-4 from 2020 or later in Appendix C. Note: 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 Dependents None One Other Three <17 Two <17 Annual Salary $ $ $ $ 44,300 53,300 26,000 38,000 Spouse Annual Salary and Pay Frequency Not applicable Not applicable $40,000 per biweekly $22,800 per weekly Federal Income Tax per Period
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: On Form W-4, complete Step 2, the Multiple Jobs Worksheet (when applicable) to obtain the amount for Step 4(c). Calculate the federal income tax withholding using the wage-bracket tables with Forms W-4 from 2020 or later in Appendix C. Note: 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 Dependents None One Other Three <17 Two <17 Annual Salary $ $ $ $ 44,300 53,300 26,000 38,000 Spouse Annual Salary and Pay Frequency Not applicable Not applicable $40,000 per biweekly $22,800 per weekly Federal Income Tax per Period
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Hanshaben
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:
On Form W-4, complete Step 2, the Multiple Jobs Worksheet (when applicable) to obtain the amount for Step 4(c). Calculate the federal
income tax withholding using the wage-bracket tables with Forms W-4 from 2020 or later in Appendix C.
Note: 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
Dependents
None
One Other
Three <17
Two <17
Annual Salary
$
$
$
$
44,300
53,300
26,000
38,000
Spouse Annual Salary
and Pay Frequency
Not applicable
Not applicable
$40,000 per biweekly
$22,800 per weekly
Federal
Income Tax per Period
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