Valentina is single and claims no dependents. Assume that Valentina has only one job or that step 2 of Form W-4 is not checked. Use the Wage Bracket Method Tables for Manual Payroll Systems with Forms W-4 from 2020 or Later available online in Publication 15, Publication 15-T. "Federal Income Tax Withholding Methods." Use the appropriate wage bracket tables for a manual payroll systems Required: a. If Valentina is paid weekly and her annual wages are $82.680, what is the amount of withholding per paycheck? b. If Valentina is paid monthly with annual wages of $68,640, what is the amount of withholding per paycheck? c. If Valentina is paid biweekly with annual wages of $63,960, what is the amount of withholding per paycheck? d. If Valentina is paid semimonthly with annual wages of $77,160, what is the amount of withholding per paycheck?
Valentina is single and claims no dependents. Assume that Valentina has only one job or that step 2 of Form W-4 is not checked. Use the Wage Bracket Method Tables for Manual Payroll Systems with Forms W-4 from 2020 or Later available online in Publication 15, Publication 15-T. "Federal Income Tax Withholding Methods." Use the appropriate wage bracket tables for a manual payroll systems Required: a. If Valentina is paid weekly and her annual wages are $82.680, what is the amount of withholding per paycheck? b. If Valentina is paid monthly with annual wages of $68,640, what is the amount of withholding per paycheck? c. If Valentina is paid biweekly with annual wages of $63,960, what is the amount of withholding per paycheck? d. If Valentina is paid semimonthly with annual wages of $77,160, what is the amount of withholding per paycheck?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Valentina is single and claims no dependents. Assume that Valentina has only one job or that step 2 of Form W-4 is not checked. Use
the Wage Bracket Method Tables for Manual Payroll Systems with Forms W-4 from 2020 or Later available online in Publication 15,
Publication 15-T. "Federal Income Tax Withholding Methods." Use the appropriate wage bracket tables for a manual payroll systems
Required:
a. If Valentina is paid weekly and her annual wages are $82,680, what is the amount of withholding per paycheck?
b. If Valentina is paid monthly with annual wages of $68,640, what is the amount of withholding per paycheck?
c. If Valentina is paid biweekly with annual wages of $63,960, what is the amount of withholding per paycheck?
d. If Valentina is paid semimonthly with annual wages of $77,160, what is the amount of withholding per paycheck?
Amount
a Withholdings per paycheck
(b Withholdings per paycheck
e Withholdings par paycheck
d. Withholdings pet payg
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Step 1: Define income tax withholdings
VIEWStep 2: a) Computation of annual wages on weekly basis:
VIEWStep 3: b) Computation of annual wages on monthly basis:
VIEWStep 4: c) Computation of annual wages on bi-weekly basis:
VIEWStep 5: d) Computation of annual wages on semi-monthly basis:
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