PAYROLL ACCT.,2019 ED.(LL)-TEXT
19th Edition
ISBN: 9781337619783
Author: BIEG
Publisher: CENGAGE L
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Question
Chapter 4, Problem 5SSQ
To determine
Compute the federal income tax that is to be withheld on the bonus using each method for computing supplement wages payment.
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Urmilaben
Assume that the MUST Co. pays a weekly payroll. Using the portion of the Wage Bracket Withholding Table given, what would be the amount of federal income tax to
withhold for this pay period for a single employee whose gross earning is $1,250 and who counted 1 withholding allowance?
Table for Percentage Method of Withholding
WEEKLY Payroll Period
SINGLE person(including head of household)-- Assume the deduction for each withholding allowance is $75.
If the amount of
wages (after
subtracting
withholding
allowances) is:
The amount of income
tax to withhold
is $0
Not over $43. ...
ver---
But not over--
of excess over--
$43
--$222 | $ 0.00 plus 10%
---$43
$222
---$767 $17.90 plus 15%
--$222
$767
--$1,796 | $99.65 plus 25%
---$767
$1,796
--$3,700 | $356.90 plus 28%
--$1,796
---
$3,700
---$7,992 | $890.02 plus 33%
--$3,700
---
$7,992
---$8,025 | $2,306.38 plus 35%
---$7,992
$8,025
$2,317.93 plus 39.6%
---$8,025
$99.65
$102.00
$312.50
$201.65
Wynne and Associates has employees with pay schedules that vary based on job classification. Use Figure 5.4.
Required:
Compute the Federal income tax withholding for each employee using the percentage method in Appendix C. Assume that no pre-tax
deductions exist for any employee. (Round your intermediate calculations and final answers to 2 decimal places.)
Marital
Status
No. of
Pay
Exemptions Frequency
Weekly
Monthly
Pay
Amount
Federal
Income Tax
Employee
S. Turner
9.
S.
4,700 S
2,371.95
D. McGorray
A Kennedy
10
23,500
M.
14.
Daily
1,350
R. Thomas
M
0.
Annually
S 120,000
66F Sunn
e nere to séarch
%24
Chapter 4 Solutions
PAYROLL ACCT.,2019 ED.(LL)-TEXT
Ch. 4 - Prob. 1SSQCh. 4 - Prob. 2SSQCh. 4 - Prob. 3SSQCh. 4 - Prob. 4SSQCh. 4 - Prob. 5SSQCh. 4 - Prob. 6SSQCh. 4 - Prob. 1MQCh. 4 - Prob. 1QRCh. 4 - Prob. 2QRCh. 4 - Prob. 3QR
Ch. 4 - What is the maximum contribution that an employer...Ch. 4 - Prob. 5QRCh. 4 - Prob. 6QRCh. 4 - Prob. 7QRCh. 4 - Prob. 8QRCh. 4 - Prob. 9QRCh. 4 - Prob. 10QRCh. 4 - Prob. 11QRCh. 4 - Prob. 12QRCh. 4 - Prob. 13QRCh. 4 - Trowbridge Company has just completed the...Ch. 4 - Prob. 15QRCh. 4 - Prob. 16QRCh. 4 - Prob. 17QRCh. 4 - Prob. 18QRCh. 4 - Prob. 19QRCh. 4 - Prob. 20QRCh. 4 - Prob. 1QDCh. 4 - Prob. 2QDCh. 4 - Prob. 3QDCh. 4 - Prob. 4QDCh. 4 - Prob. 5QDCh. 4 - Justin Holmes, an ex-employee, is entitled to a...Ch. 4 - Prob. 1PACh. 4 - Prob. 2PACh. 4 - Prob. 3PACh. 4 - Prob. 4PACh. 4 - Prob. 5PACh. 4 - Prob. 6PACh. 4 - Prob. 7PACh. 4 - Prob. 8PACh. 4 - Prob. 9PACh. 4 - Mattola Company is giving each of its employees a...Ch. 4 - Prob. 11PACh. 4 - Prob. 12PACh. 4 - Prob. 13PACh. 4 - Prob. 1PBCh. 4 - Prob. 2PBCh. 4 - Prob. 3PBCh. 4 - Prob. 4PBCh. 4 - Prob. 5PBCh. 4 - Prob. 6PBCh. 4 - Prob. 7PBCh. 4 - Prob. 8PBCh. 4 - Prob. 9PBCh. 4 - Harrington Company is giving each of its employees...Ch. 4 - Prob. 11PBCh. 4 - During the fourth quarter of 2019, there were...Ch. 4 - Prob. 13PBCh. 4 - Prob. 1CPCh. 4 - Prob. 2CP
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