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1.Amoroso A. 2. Corn A. 3. Eaton Enterprises DATE NA ME PROBLEM SET A As ue go to press, the federal income tax rates for
1.Amoroso A.
2. Corn A.
3. Eaton Enterprises
DATE NA ME PROBLEM SET A As ue go to press, the federal income tax rates for 2018 are being determined by budget talks in Washington and wot available for publication. For this edition, the 2017 federal income tax tables and 2017 FICA rates have been nsed -1A LO 3 Sean Matthews is a waiter at the Duluxe Lounge. In his first weekly pay in March, he earned $300.00 for the 40 hours he worked. In addition, he reports his tips for February to his employer (S500.00), and the employer withbolds the appropriat See Example 4-3 on page 4-17 e taxes for the tips from this first pay in March. Calculate his net take-home pay assuming the employer withheld federal income tax (wage-bracket, married, 2 allowances), social security taxes, and state incombe tax (2%) -2A LO 3 Use the percentage method to compute the federal income taxes to withhold from the wages or salaries of each employee. See Example 4-2 on page 4-16 Employee Employe Matal No, of Withholding Gross Wage or Amount to Be Withheld Amoroso, A. Finley, R. 3 Gluck, E $1,610 weekly 9,630 quarterly 2,875 monthly 825 biweekly 923 semimonthly 5Treave, Y 4-3A LO 3 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. See Example 4-2 on page 4-16, Example 4-3 on page 4-17 Amount to Be Withheld Percentage Wage-Bracket Marital No. of Withholding Gross Wage or Corn, A S 675 weekly 1,960 weekly Felps, S Carson, W Helm, M. 2,480 semimonthly 5,380 monthly -4A LO 3 Eaton Enterprises uses the aage-bracket method to determine federal income tax withholding on its employees. Find the amount to withhold from the wages paid each employee See Example 4-3 on page 4-17 Pavroll Period w- Weekly No. of Marital Withholding M- Monthly D-Daily Amount to Be Withheld Hal Bower Ruth Cramden Gil Jones Teresa Kern Ruby Long Katie Luis Susan Martin Jim Singer Martin Torres $1,350 2,730 955 108 2,610 3,215 Payrell Accounting 2018
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