5-3A (Algo) The following salaried employees of Mountain Stone Brewery in Fort Collins, Colorado, are paid semimonthly. Some employees have union dues or garnishments deducted from their pay. Required: Calculate their net pay using the percentage method for manual payroll systems with Forms W-4 from 2020 or later in Appendix C to determine federal income tax. Assume box 2 is not checked for any employee. Include Colorado income tax of 4.55 percent of taxable pay. No employee has exceeded the maximum FICA limit. (Round your intermediate calculations and final answers to 2 decimal places.) Net Pay 50 Employee Filing Status, Dependents Pay Union Dues per Period Garnishment per Period S. Bergstrom MJ-0 $ 1,740 $ C. Pare MJ-2 ( <17) $ 3,580 $ 120 L. Van der Hooven S-1 (Other) $ 3,305 $ 240 $ 75 S. Lightfoot MJ-0 $ 2,930 100 Federal Income Tax Tables The is: At least- But less than- tentative amount to withhold is: Plus this percentage- exceeds- of the amount that the Adjusted Annual Wage 2021 Percentage Method Tables for Automated Payroll Systems STANDARD Withholding Rate Schedules (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) If the Adjusted Annual Wage Amount (line 2a) Form W-4, Step 2, Checkbox, Withholding Rate Schedules (Use these if the Form W-4 is from 2020 or later and the box in Step 2 of Form W-4 IS checked) If the Adjusted Annual Wage Amount (line 2a) is: The of the amount that At least- But less than- tentative amount to withhold is: Plus this the Adjusted Annual Wage percentage- exceeds- B Married Filing Jointly Married Filing Jointly $12,200 $0.00 0% so $0 $12,550 $0.00 0% $0 $12,200 $32,100 $0.00 10% $12,200 $12,550 $22,500 $0.00 10% $12,550 $32,100 $93,250 $1,990.00 12% $32,100 $22,500 $53,075 $995.00 12% $22,500 $93,250 $184,950 $9,328.00 22% $93,250 $53,075 $98,925 $4,664.00 22% $53,075 $184,950 $342,050 $29,502.00 24% $184,950 $98,925 $177,475 $14,751.00 24% $98,925 $342,050 $431,050 $67,206.00 $431,050 $640,500 $95,686.00 $640,500 $168,993.50 32% $342,050 $177,475 $221,975 $33,603.00 32% $177,475 35% $431,050 $221,975 $326,700 $47,843.00 35% $221,975 37% $640,500 $326,700 $84,496.75 37% $326,700 Single or Married Filing Separately Single or Married Filing Separately $0 $3,950 $0.00 0% $0 $0 $6,275 $0.00 0% $0 $3,950 $13,900 $0.00 10% $3,950 $6,275 $11,250 $0.00 10% $6,275 $13,900 $44,475 $995.00 12% $13,900 $11,250 $26,538 $497.50 12% $11,250 $44,475 $90,325 $4,664.00 22% $44,475 $26,538 $49,463 $2,332.00 22% $26,538 $90,325 $168,875 $14,751.00 24% $90,325 $49,463 $88,738 $7,375.50 24% $49,463 $168,875 $213,375 $33,603.00 32% $168,875 $88,738 $110,988 $16,801.50 32% $88,738 $213,375 $527,550 $527,550 $47,843.00 35% $213,375 $110,988 $268,075 $23,921.50 35% $110,988 $157,804.25 37% $527,550 $268,075 $78,902.13 37% $268,075 Head of Household Head of Household $0 $10,200 $24,400 $64,400 $10,200 $24,400 $64,400 $1,420.00 $96,550 $0.00 0% $0 $0 $9,400 $0.00 0% $0 $0.00 10% $10,200 $9,400 $16,500 $0.00 10% $9,400 12% $24,400 $16,500 $36,500 $710.00 12% $16,500 $6,220.00 22% $64,400 $36,500 $52,575 $3,110.00 22% $36,500 $96,550 $175,100 $13,293.00 24% $96,550 $52,575 $175,100 $219,600 $32,145.00 32% $175,100 $91,850 $91,850 $114,100 $16,072.50 $6,646.50 24% $52,575 32% $91,850 $219,600 $533,800 $533,800 $46,385.00 35% $219,600 $114,100 $271,200 $23,192.50 35% $114,100 $156,355.00 37% $533,800 $271,200 $78,177.50 37% $271,200