Compute the Federal income tax withholding for each employee using the percentage method in Appendix C. Assume that no pre- deductions exist for any employee. (Round your intermediate calculations and final answers to 2 decimal places.) Marital Status No. of Pay Exemptions Frequency Weekly Pay Amount Federal Income Tax Employee S. Turner 6. 4,700 $ 2,371.95 D. McGorray 10 Monthly 2$ 23,500 A. Kennedy 14 Daily $ 1,350 R. Thomas M. Annually $ 120,000
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- 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.)Eaton Enterprises uses the wage-bracket method to determine federal income tax withholding on its employees. Find the amount to withhold from the wages paid each employee. Enter all amounts as positive numbers. If an amount is zero, enter "0". Round interim and final answers to two decimal places. Click here to access the Wage-Bracket Method Tables. Employee Hal Bower Ruth Cramden Gil Jones Teresa Kern Ruby Long Katie Luis Susan Martin Jim Singer Martin Torres Marital Status M S S M 3 M Ση η Σ S M No. of Withholding Allowances 1 1 3 4 2 8 1 Payroll Period W = Weekly S = Semimonthly M = Monthly D = Daily W W W M M S D S M Wage $1,350 590 675 3,100 2,730 955 108 2,500 3,215 Amount to Be Withheld 000000000Wage and tax statement data on employer FICA tax Ehrlich Co. began business on January 2. Salaries were paid to employees on the last day of each month, and social security tax, Medicare tax, and federal income tax were withheld in the required amounts. An employee who is hired in the middle of the month receives half the monthly salary for that month. All required payroll tax reports were filed, and the correct amount of payroll taxes was remitted by the company for the calendar year. Early in the following year, before the Wage and Tax Statements (Form W-2) could be prepared for distribution to employees and for filing with the Social Security Administration, the employees' earnings records were inadvertently destroyed. None of the employees resigned or were discharged during the year, and there were no changes in salary rates. The social security tax was withheld at the rate of 6.0% and Medicare tax at the rate of 1.5% on salary. Data on dates of employment, salary rates, and…
- Eaton Enterprises uses the wage-bracket method to determine federal income tax withholding on its employees. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet Find the amount to withhold from the wages paid each employee. Enter all amounts as positive numbers. If an amount is zero, enter "0". Round interim calculations to two decimals and use in subsequent computations. Round final answer to two decimal places. As we go to press, the federal income tax rates for 2022 are being determined by budget talks in Washington and not available for publication. For this edition, the 2021 federal income tax tables for Manual Systems with Forms W-4 from 2020 or later with Standard Withholding and 2020 FICA rates have been used. Click here to access the Wage-Bracket Method Tables. Employee FilingStatus No. ofWithholdingAllowances Payroll…Use the percentage method to compute the federal income taxes to withhold from the wages or salaries of each employee. If an amount is zero, enter "0". If required, round your calculations and final answers to the nearest cent. EmployeeNo. Employee Name Marital Status No. of WithholdingAllowances Gross Wageor Salary Amountto BeWithheld 1 Amoroso, A. M 4 $1,610 weekly $fill in the blank 1 2 Finley, R. S 0 825 biweekly fill in the blank 2 3 Gluck, E. S 5 9,630 quarterly fill in the blank 3 4 Quinn, S. M 8 925 semimonthly fill in the blank 4 5 Treave, Y. M 3 2,875 monthlyMilligan's Millworks pays its employees on a weekly basis. Using the Wage-Bracket tables from Appendix C to compute the federal income tax withholdings for the following employees of Milligan's Millworks: (Assume that no pre-tax deductions exist for any employee and box 2 is not checked for all employees and Manual payroll system is used.) (Round your intermediate calculations and final answers to 2 decimal places.) Employee D. Balestreri Y. Milligan H. Curran D. Liberti Single Single Filing Status Married/Joint Head of Household Dependents two <17 one Other two <17, one Other One <17 Weekly Pay $ $ $ $ 845 $ 1,233 682 755 $ Federal Tax 0.00 0.00
- Use (a) the percentage method and (b) the wage-bracket method to compute the federal income taxes to withhold from the wages or salaries of each employee. Enter all amounts as positive numbers. Round your calculations and final answers to the nearest cent. Amount to BeWithheld Employee MaritalStatus No. of WithholdingAllowances Gross Wageor Salary PercentageMethod Wage-BracketMethod Corn, A. S 2 $675 weekly $fill in the blank 1 $fill in the blank 2 Fogge, P. S 1 1,960 weekly fill in the blank 3 Felps, S. M 6 1,775 biweekly fill in the blank 5 fill in the blank 6 Carson, W. M 4 2,480 semimonthly fill in the blank 7 fill in the blank 8 Helm, M. M 9 5,380 monthly fill in the blank 9Data about the marital status, withholding allowances, and weekly salaries of the four office workers at Ollies Supplies are as follows. (Use the tables shown in Figure 10.1A & Figure 10.1B) Find the amount of federal income tax to be deducted from each employee's gross pay. Employee Marital Number Status Allowances Withholding Weekly Salary Income Tax Withholding 1 M 3 $ 690 2 S 3 575 3 M 1 715 4 S 3 5052. Use (a) the percentage method and (b) the wage-bracket method to compute the federal income taxes to withhold from the wages or salaries of each employee based on the following 2023 W-4 Information. Use the tables in IRS Publication 15- I. Using 2023 Form W-4 Employee Corn, A. Fogge, P. Felps, S. Carson, W Helm, M. More Marital than Step 2 Status 1 job? checked? S No S M M M 2 2 2 No No No No No No No Gross Additional Wage or deductitons Salary $0 $0 $0 $0 $0 Pay Frequency $ 675 weekly 1,960 weekly 1,775 biweekly 2,480 semi-monthly 5,380 monthly a. b. C. d. e. Amount to be Withheld Percentage Method Wage- Bracket Method
- Milligan's Millworks pays its employees weekly. Use the wage-bracket tables from Appendix C to compute the federal income tax withholdings for the following employees of Milligan's Millworks: (Assume that no pre-tax deductions exist for any employee and box 2 is not checked for all employees and Manual payroll system is used.) (Round your intermediate calculations and final answers to 2 decimal places. Leave no cells blank. Enter "0" wherever required.) Employee D. Balestreri Y. Milligan H. Curran D. Liberti Single Single Filing Status Married/Joint Head of Household Dependents Two <17 One Other Two <17, one Other One <17 S $ S $ Weekly Pay 760 1,213 752 895 Federal TaxMilligan's Millworks pays its employees weekly. Use the wage-bracket tables from Appendix C to compute the federal income tax withholdings for the following employees of Milligan's Millworks: (Assume that no pre-tax deductions exist for any employee and box 2 is not checked for all employees and Manual payroll system is used.) (Round your intermediate calculations and final answers to 2 decimal places. Leave no cells blank. Enter "0" wherever required.) Employee D. Balestreri Y. Milligan H. Curran D. Liberti Single Single Filing Status Married/Joint Head of Household Dependents Two <17 One Other Two <17, one Other One <17 GA $ SASA $ $ Weekly Pay 830 1,178 822 1,035 Federal TaxMilligan's Millworks pays its employees weekly. Use the wage-bracket tables from Appendix C to compute the federal income tax withholdings for the following employees of Milligan's Millworks: (Assume that no pre-tax deductions exist for any employee and box 2 is not checked for all employees and Manual payroll system is used.) (Round your intermediate calculations and final answers to 2 decimal places. Leave no cells blank. Enter "0" wherever required.) Employee D. Balestren Y Milligan H. Curran D. Liberti Filing Status Single Single Married/Joint Head of Household Dependents Two <17 One Other Two <17, one Other One <17 $ $ $ $ Weekly Pay 760 5 1,213 752 $ 895 Federal Tax 0.00 0.00