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PSC 3-6 Calculate Federal Income Tax Withholding Using the Wage-Bracket Method (2020 or Later Form W-4) For each employee listed, use the wage-bracket method to calculate federal income tax withholding for an employee who has submitted a 2023 Form W-4. Refer to Publication 15-T. 1: James Rowles files as single on his tax return and earned weekly gross pay of $792. For each period he makes a 401(k) contribution of 3% of gross pay. James checked box 2c on Form W-4 and did not enter any information in steps 3-4 of the form. Federal income tax withholding = $ 2: Louise Ames files as married filing jointly on her tax return and earned weekly gross pay of $1,420. She does not make any retirement plan contributions. Louise entered $3,600 on line 4b of Form W-4 and did not enter any information in steps 2 and 3 of the form. Federal income tax withholding = $ 3: Danielle Curtain files as married filing jointly on her tax return and earned weekly gross pay of $1.580 For each period she makes a flexible spending account contribution of 6% of gross pay. Danielle entered $500 in step 3 of Form W-4 and did not enter any information in steps 2 and 4 of the form. Federal income tax withholding = $ Tentative Federal Income Tax Withholding = $

PSC 3-6 Calculate Federal Income Tax Withholding Using the Wage-Bracket Method (2020 or Later Form W-4) For each employee listed, use the wage-bracket method to calculate federal income tax withholding for an employee who has submitted a 2023 Form W-4. Refer to Publication 15-T. 1: James Rowles files as single on his tax return and earned weekly gross pay of $792. For each period he makes a 401(k) contribution of 3% of gross pay. James checked box 2c on Form W-4 and did not enter any information in steps 3-4 of the form. Federal income tax withholding = $ 2: Louise Ames files as married filing jointly on her tax return and earned weekly gross pay of $1,420. She does not make any retirement plan contributions. Louise entered $3,600 on line 4b of Form W-4 and did not enter any information in steps 2 and 3 of the form. Federal income tax withholding = $ 3: Danielle Curtain files as married filing jointly on her tax return and earned weekly gross pay of $1.580 For each period she makes a flexible spending account contribution of 6% of gross pay. Danielle entered $500 in step 3 of Form W-4 and did not enter any information in steps 2 and 4 of the form. Federal income tax withholding = $ Tentative Federal Income Tax Withholding = $

Century 21 Accounting General Journal
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter12: Preparing Payroll Records
Section: Chapter Questions
Problem 1MP
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PSC 3-6 Calculate Federal Income Tax Withholding Using the Wage-Bracket Method (2020 or Later Form W-4) For each employee listed, use the wage-bracket method to calculate federal income tax withholding for an employee who has submitted a 2023 Form W-4. Refer to Publication 15-T. 1: James Rowles files as single on his tax return and earned weekly gross pay of $792. For each period he makes a 401(k) contribution of 3% of gross pay. James checked box 2c on Form W-4 and did not enter any information in steps 3-4 of the form. Federal income tax withholding = $ 2: Louise Ames files as married filing jointly on her tax return and earned weekly gross pay of $1,420. She does not make any retirement plan contributions. Louise entered $3,600 on line 4b of Form W-4 and did not enter any information in steps 2 and 3 of the form. Federal income tax withholding = $ 3: Danielle Curtain files as married filing jointly on her tax return and earned weekly gross pay of $1.580 For each period she makes a flexible spending account contribution of 6% of gross pay. Danielle entered $500 in step 3 of Form W-4 and did not enter any information in steps 2 and 4 of the form. Federal income tax withholding = $ Tentative Federal Income Tax Withholding = $
Transcribed Image Text:PSC 3-6 Calculate Federal Income Tax Withholding Using the Wage-Bracket Method (2020 or Later Form W-4) For each employee listed, use the wage-bracket method to calculate federal income tax withholding for an employee who has submitted a 2023 Form W-4. Refer to Publication 15-T. 1: James Rowles files as single on his tax return and earned weekly gross pay of $792. For each period he makes a 401(k) contribution of 3% of gross pay. James checked box 2c on Form W-4 and did not enter any information in steps 3-4 of the form. Federal income tax withholding = $ 2: Louise Ames files as married filing jointly on her tax return and earned weekly gross pay of $1,420. She does not make any retirement plan contributions. Louise entered $3,600 on line 4b of Form W-4 and did not enter any information in steps 2 and 3 of the form. Federal income tax withholding = $ 3: Danielle Curtain files as married filing jointly on her tax return and earned weekly gross pay of $1.580 For each period she makes a flexible spending account contribution of 6% of gross pay. Danielle entered $500 in step 3 of Form W-4 and did not enter any information in steps 2 and 4 of the form. Federal income tax withholding = $ Tentative Federal Income Tax Withholding = $
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