PSa 3-7 Calculate Federal Income Tax Withholding Using the Percentage Method (2020/2021 Form W-4) For each employee listed, use the percentage method to calculate federal income tax withholding for an employee who has submitted a 2020 Form W-4. Refer to Publication 15-T 1: Stephanie Wiliams files as single on her tax return and earned weekly gross pay of $700. For each pay period she makes a flexible spending account contribution of 7% of gross pay. Stephanie did not enter any information in steps 2-4 of the form. Federal income tax withholding S 2 Mo Fangia files as single on his tax return and earned weekly gross pay of $1020. He does not make any retirement plan contributions. Mo entered $30 on line 40 of Form W-4 and did not enter any information in steps 2 & 3 of the form Federal income tax withholding S 3: Michaela Sampson files as marned filing jointly on her tax return and earned weekly gross pay of $1580, For each pay period she makes a 401(k) contribution of 4% of gross pay. Michaela checked box 2c on Form W-4, entered $2000 in step 3 of the form, and did not enter any information in step 4 of the form Federal income tax withholding S Tentative Federal Income Tax Withholding $
PSa 3-7 Calculate Federal Income Tax Withholding Using the Percentage Method (2020/2021 Form W-4) For each employee listed, use the percentage method to calculate federal income tax withholding for an employee who has submitted a 2020 Form W-4. Refer to Publication 15-T 1: Stephanie Wiliams files as single on her tax return and earned weekly gross pay of $700. For each pay period she makes a flexible spending account contribution of 7% of gross pay. Stephanie did not enter any information in steps 2-4 of the form. Federal income tax withholding S 2 Mo Fangia files as single on his tax return and earned weekly gross pay of $1020. He does not make any retirement plan contributions. Mo entered $30 on line 40 of Form W-4 and did not enter any information in steps 2 & 3 of the form Federal income tax withholding S 3: Michaela Sampson files as marned filing jointly on her tax return and earned weekly gross pay of $1580, For each pay period she makes a 401(k) contribution of 4% of gross pay. Michaela checked box 2c on Form W-4, entered $2000 in step 3 of the form, and did not enter any information in step 4 of the form Federal income tax withholding S Tentative Federal Income Tax Withholding $
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter13: Accounting For Payroll And Payroll Taxes
Section13.3: Reporting Withholding And Payroll Taxes
Problem 1WT
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![PSa 3-7 Calculate Federal Income Tax Withholding Using the Percentage Method (2020/2021 Form W-4)
For each employee listed, use the percentage method to calculate federal income tax withholding for an employee who has submitted a 2020 Form W-4. Refer to
Publication 15-T.
1: Stephanie Williams files as single on her tax return and earned weekly gross pay of $700. For each pay period she makes a flexible spending account contribution of 7%
of gross pay. Stephanie did not enter any information in steps 2-4 of the form.
Federal income tax withholding S
2 Mo Fangia files as single on his tax return and earned weekly gross pay of $1020. He does not make any retirement plan contributions. Mo entered $30 on line 4c of
Form W-4 and did not enter any information in steps 2 & 3 of the form
Federal income tax withholding S
3: Michaela Sampson files as married fling jointly on her tax return and earned weekly gross pay of $1580. For each pay period she makes a 401(k) contribution of 4% of
gross pay. Michaela checked box 20 on Form W-4, entered $2000 in step 3 of the form, and did not enter any information in step 4 of the form
Federal income tax withholding S
Tentative Federal Income Tax Withholding=$](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fba5f5edb-dba4-4f34-b5b5-3c5c1d446d6e%2F84cc9633-6ad6-48aa-afc9-05211a0f7a96%2Fty2ior_processed.jpeg&w=3840&q=75)
Transcribed Image Text:PSa 3-7 Calculate Federal Income Tax Withholding Using the Percentage Method (2020/2021 Form W-4)
For each employee listed, use the percentage method to calculate federal income tax withholding for an employee who has submitted a 2020 Form W-4. Refer to
Publication 15-T.
1: Stephanie Williams files as single on her tax return and earned weekly gross pay of $700. For each pay period she makes a flexible spending account contribution of 7%
of gross pay. Stephanie did not enter any information in steps 2-4 of the form.
Federal income tax withholding S
2 Mo Fangia files as single on his tax return and earned weekly gross pay of $1020. He does not make any retirement plan contributions. Mo entered $30 on line 4c of
Form W-4 and did not enter any information in steps 2 & 3 of the form
Federal income tax withholding S
3: Michaela Sampson files as married fling jointly on her tax return and earned weekly gross pay of $1580. For each pay period she makes a 401(k) contribution of 4% of
gross pay. Michaela checked box 20 on Form W-4, entered $2000 in step 3 of the form, and did not enter any information in step 4 of the form
Federal income tax withholding S
Tentative Federal Income Tax Withholding=$
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