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Naomi received weekly wages of $1,785.58. She is married and is entitled to 7 withholding allowances. How much income tax will be withheld, based on the percentage method tables in Exhibit 9-1 and Exhibit 9-2 O s0.00 O $56.64 O $113.28 O $226.56

Naomi received weekly wages of $1,785.58. She is married and is entitled to 7 withholding allowances. How much income tax will be withheld, based on the percentage method tables in Exhibit 9-1 and Exhibit 9-2 O s0.00 O $56.64 O $113.28 O $226.56

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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Weekly ............................ $ 79.80 is her weekly witholding. 

b) MARRIED person- If the amount of wages Cafter subtracting vithholding allowances) is: Not over $222 . Over- $222 The amount of income tax to withhold is: $0 But not over- -$588 of excess over- -$222 ...$0.00 plus 10% $36.60 plus 12% $171.36 plus 22% $541.84 plus 24% $1,234.24 plus 32% $1,757.12 plus 35% $3,103.57 plus 37% --$588 -$1,711 -$3,395 -$6,280 -57,914 -$11,761 $588 $1,711 $3,395 $6,280 $7,914 $11,761 -$1,711 -$3,395 -$6,280 -$7,914 -$11,761
Transcribed Image Text:b) MARRIED person- If the amount of wages Cafter subtracting vithholding allowances) is: Not over $222 . Over- $222 The amount of income tax to withhold is: $0 But not over- -$588 of excess over- -$222 ...$0.00 plus 10% $36.60 plus 12% $171.36 plus 22% $541.84 plus 24% $1,234.24 plus 32% $1,757.12 plus 35% $3,103.57 plus 37% --$588 -$1,711 -$3,395 -$6,280 -57,914 -$11,761 $588 $1,711 $3,395 $6,280 $7,914 $11,761 -$1,711 -$3,395 -$6,280 -$7,914 -$11,761
Naomi received weekly wages of $1,785.58. She is married and is entitled to 7 withholding allowances. How much income tax will be withheld, based on the percentage method tables in Exhibit 9-1 and Exhibit 9-2 O $0.00 O $56.64 O $113.28 O $226.56
Transcribed Image Text:Naomi received weekly wages of $1,785.58. She is married and is entitled to 7 withholding allowances. How much income tax will be withheld, based on the percentage method tables in Exhibit 9-1 and Exhibit 9-2 O $0.00 O $56.64 O $113.28 O $226.56
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