Roberta's salary is $163,865.00 in 2023. Roberta is paid on a semimonthly basis, is unmarried and has one qualifying dependent under the age of 17 per her Form W-4. Use 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 with step 2 of Forms W-4 is not checked. Required: a. What is Roberta's federal tax withholding per pay period? b. What is Roberta's FICA withholding per pay period before the social security limit is reached? c. For the last pay period in 2023, what is Roberta's FICA withholding? Note: For all requirements, round your intermediate computations and final answers to 2 decimal places. Amount a. Federal tax withholdings b. FICA withholdings $ 522.32 c. FICA withholdings
Roberta's salary is $163,865.00 in 2023. Roberta is paid on a semimonthly basis, is unmarried and has one qualifying dependent under the age of 17 per her Form W-4. Use 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 with step 2 of Forms W-4 is not checked. Required: a. What is Roberta's federal tax withholding per pay period? b. What is Roberta's FICA withholding per pay period before the social security limit is reached? c. For the last pay period in 2023, what is Roberta's FICA withholding? Note: For all requirements, round your intermediate computations and final answers to 2 decimal places. Amount a. Federal tax withholdings b. FICA withholdings $ 522.32 c. FICA withholdings
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Roberta's salary is $163,865.00 in 2023. Roberta is paid on a semimonthly basis, is unmarried and has one qualifying dependent under
the age of 17 per her Form W-4. Use 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 with step 2 of Forms W-4 is not checked.
Required:
a. What is Roberta's federal tax withholding per pay period?
b. What is Roberta's FICA withholding per pay period before the social security limit is reached?
c. For the last pay period in 2023, what is Roberta's FICA withholding?
Note: For all requirements, round your intermediate computations and final answers to 2 decimal places.
Amount
a. Federal tax withholdings
b. FICA withholdings
$
522.32
c. FICA withholdings
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