Sophie is a single taxpayer. For the first payroll period in July 2022, she is paid wages of $1,100 semimonthly. Sophie claims one allowance on her pre-2020 Form W-4.
Sophie is a single taxpayer. For the first payroll period in July 2022, she is paid wages of $1,100 semimonthly. Sophie claims one allowance on her pre-2020 Form W-4.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:b. Use the wage bracket method to determine the amount of Sophie's withholding for the same period.
$
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c. Use the percentage method assuming Sophie completed a post-2019 Form W-4 and checked only the single box in Step 1(c).
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d. Use the wage bracket method using the same assumptions in part c of this question.
$
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Transcribed Image Text:Problem 9-3
Withholding Methods (LO 9.1)
Sophie is a single taxpayer. For the first payroll period in July 2022, she is paid wages of $1,100 semimonthly. Sophie claims one allowance on her
pre-2020 Form W-4.
Click here to access the withholding tables.
IRS Publication 15-T, Federal Income Tax Withholding Method
Pay period 2022 Allowance Amount
Weekly
$ 83
Biweekly
165
Semimonthly
Monthly
Quarterly
Semiannually
Annually
179
358
1,075
2,150
4,300
Round intermediate computations and your final answer to two decimal places.
a. Use the percentage method to calculate the amount of Sophie's withholding for a semimonthly pay period.
Sophie's withholding: $
X
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