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An employee has a 2 0 1 9 Form W - 4 on file and his employer processes payroll manually. The employee's tax filing status
An employee has a Form W on file and his employer processes payroll manually.
The employee's tax filing status is marrried, has allowances, and is paid semimonthly.
His gross pay per paycheck is $ and he also has a health insurance deduction of $
The employee also has a K deduction of of gross pay. Using the Wage Bracket Method
select the correct table to calculate the employee's net pay for his paycheck.
Calculate federal taxable income
"Gross pay
per paycheck "Health
Insurance K "Taxable
income
$ $ $ $
Find the federal withholding amount from the table
"Federal
withholding amount from
table $
Calculate taxable Social Security and Medicate taxable income & FICA tax
Calculate net pay for the employee's paycheck:
"Taxable Federal Income :
"Federal withholding:
K deduction Health Insurance:
"Social Security Withholding:
"Medicare Withholding:
Net Pay: Wage Bracket Method Tables for Manual Payroll Systems With Forms W From or Earlier
BIWEEKLY Payroll Period
table
tableIf the Wage Amountline aisMARRIED PersonsAnd the number of allowances is:Butlose,At least,than,The Tentative Withholding Amount is:$$$$$$$$So$$so$$$$$$$$$$$$so$o$$$$$$$$$$o$so$$$$$$$$$$$$so$$$$$$$$$$$$so$$$$$$$$$$$$so$$$$$$$$$$$$so$$$$$$$$$$$$so$$$$$$$$$$$$oso$$$$$$$$$$$$so$$$$$$$$$$$$so$$$$$$$$$$$$so$$$$$$$$$$$$so$$$$$$$$$$$$so$$$$$$$$$$$$so$$$$$$$$$$$$so$$$$$$$$$$$$so$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
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