Question
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
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.
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 2021 FICA rates have been used.
Amount to Be Withheld
Employee Filing Status No. of Withholding Allowances Gross Wage or Salary Percentage Method Wage-Bracket Method Louis, S S N/A $1,040 weekly ? ?
Hanks, X. S N/A $1,910 weekly ? ?
Gillespie, H. MFJ N/A $1,890 biweekly ? ?
Tromley, P. MFJ N/A $2,315 semimonthly ? ?
Farley, R. MFJ N/A $3,200 monthly ? ?
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