Question
Allison is paid $3,120 per week. What is the amount of federal income tax withheld from Allisons paycheck under the following conditions? Assume that Allison
Allison is paid $3,120 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:
- Allison is single and no dependents.
- Allison is married (her spouse does not work) and claims two dependents who are under the age of 17.
- Allison is single, claims no dependents, but wants $50 in additional withholding.
(For all requirements, round your intermediate computations and final answers to 2 decimal places.)
a. Federal income tax withholding:
b. Federal income tax withholding:
c. Federal income tax withholding:
2-
Martin is married (spouse does not work), two dependents who are under the age of 17. What is his federal income tax withholding under the following conditions? Assume that Martin has only one job or that step 2 of Form W-4 is not checked. Also, his employer uses the percentage method table for a manual payroll. Use percentage method tables for a manual payroll systems.
Required:
- Martin is paid semimonthly, and his gross pay is $4,265 per paycheck.
- Martin is paid monthly, and his gross pay is $8,410 per paycheck.
- Martin is paid weekly, and his gross pay is $6,460 per paycheck.
(For all requirements, round your intermediate computations and final answers to 2 decimal places.)
a. Federal income tax withholding:
b. Federal income tax withholding:
c. Federal income tax withholding:
3-
Henry, who earned $127,800 during 2020, is paid on a monthly basis, is married, (spouse does not work) and two dependents who are under the age of 17. Assume that Henry has only one job or that step 2 of Form W-4 is not checked. Also, his employer uses the percentage method table for an automated payroll system. Use percentage method tables for automated systems.
Required:
- What is Henry’s federal tax withholding for each pay period?
- What is Henry’s FICA withholding for each pay period?
(For all requirements, round your intermediate computations and final answers to 2 decimal places.)
a. Federal income tax withholding:
b. Total FICA withholding :
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