Problem 10-57 (LO 10-2, 10-4) Lauprechta Incorporated has the following employees on payroll. Assume that all the employees has only one job or that step 2 of Form W-4 is not checked and all dependents are under the age of 17. Also, the employer uses 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. Semimonthly Payroll Number of Dependents from Form W- Marital 4 Status Naila Wilfred $ 6,000 3 Married $5,300 2 Married Byron $ 3,900 0 Single Head of Annie $ 4,500 1 Household Required: Complete the table for taxes to be withheld for each pay period. Note: Round your intermediate computations and final answers to 2 decimal places. Employee Federal Withholding Social Security Tax Medicare Tax Tax Total Taxes Withheld Naila Wilfred Byron Annie
Problem 10-57 (LO 10-2, 10-4) Lauprechta Incorporated has the following employees on payroll. Assume that all the employees has only one job or that step 2 of Form W-4 is not checked and all dependents are under the age of 17. Also, the employer uses 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. Semimonthly Payroll Number of Dependents from Form W- Marital 4 Status Naila Wilfred $ 6,000 3 Married $5,300 2 Married Byron $ 3,900 0 Single Head of Annie $ 4,500 1 Household Required: Complete the table for taxes to be withheld for each pay period. Note: Round your intermediate computations and final answers to 2 decimal places. Employee Federal Withholding Social Security Tax Medicare Tax Tax Total Taxes Withheld Naila Wilfred Byron Annie
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter11: Current Liabilities And Payroll
Section: Chapter Questions
Problem 4PA
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