Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

32% 35% 2020 Percentage Method Tables for Automate STANDARD Withholding Rate Schedules (Use (Use these if the Form W-4 is from 2019 or earlier, or

image text in transcribedimage text in transcribed

32% 35% 2020 Percentage Method Tables for Automate STANDARD Withholding Rate Schedules (Use (Use these if the Form W-4 is from 2019 or earlier, or if the Form W-4 is from 2020 or later and the box in Step 2 of Form W-4 is NOT checked) of the amount If the Adjus If the Adjusted Annual Wage that the Amount (li Amount (line 2a) is: The tentative Adjusted But less than amount to Plus this Annual Wage At least with hold is: At least exceeds percentage E A D B C Married Filling Jointly $0 $ S 11.900 $ 0.00 0% SO S 11.900 $ 31.650 $0.00 10% S 11.900 $ 12.40 $ 31,650 $ 92.150 $ 1,975.00 12 S 31.650 $ 22,27 $ 92.150 $ 182,950 $ 9,235.00 22% S 92,150 $ 52152 $ 182.950 $ 338,500 $ 29.211.00 24% S 182.950 S 97,92 $ 338.500 $ 426,600 $ 66.543.00 S 338.500 $ 175.70 $ 426,600 $ 633.950 S 94.735.00 S 426,600 $ 219.75 $ 633.950 $ 167,307.50 37% S 633.950 $ 323.42 Single or Married Filling Separately $0 $ 3.800 $ 0.00 0% SO $ $ 3.800 $ 13,675 $ 0.00 10% S 3.800 $ 6,20 $ 13,675 $ 43.925 S 987.50 12 S 13.675 S 11.13 $ 43.925 $ 89,325 $ 4,617.50 22 S 43.925 $ 26,26 $ 89,325 $ 167.100 S 14,605.50 249 S 89.325 $ 48.96 $ 167.100 S 211,150 $ 33,271.50 S 167.100 $ 87.85 $ 211,150 $ 522.200 S 47,367.50 35% $ 211,150 $ 109.87 $ 522,200 S 156,235.00 37% $ 522,200 $ 265.400 Head of Household $0 S 10.050 $ 0.00 0 SO $ $ 10,050 $ 24.150 $ 0.00 S 10.050 $ 9.32 $ 24.150 $ 63,750 $ 1,410.00 $ 24,150 $ 16,37 $ 63,750 $ 95,550 S 6.162.00 22% $ 63,750 $ 36.17 $ 95,550 $ 173.350 $ 13.158.00 24% S 95,550 $ 52,07 $ 173,350 $ 217,400 $ 31,830.00 S 173,350 $ 90,97 $ 217,400 $ 528,450 $ 45,926.00 35% $ 217,400 S 113.000 $ 528,450 $ 154,793.50 37% $ 528.450 $ 268,525 32 10% 12% 32% Allison is paid $3,090 per week. What is the amount of federal income tax withheld from Allison's paycheck under the following conditions? Assume that Allison has only one job or that step 2 of Form W-4 is not checked. Also, her employer uses the Percentage Method Tables for Automated Systems. Use percentage method tables for automated systems. Required: a. Allison is single and no dependents. b. Allison is married (her spouse does not work) and claims two dependents who are under the age of 17. C. Allison is single, claims no dependents, but wants $90 in additional withholding. (For all requirements, round your intermediate computations and final answers to 2 decimal places.) Amount a. Federal income tax withholdings b. Federal income tax withholdings c. Federal income tax withholdings

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

What do you mean by dual mode operation?

Answered: 1 week ago

Question

Explain the difference between `==` and `===` in JavaScript.

Answered: 1 week ago