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answer all parts Example 4-4 To use the wage bracket method for Manual Payroll Systems With Forms W4 From 2020 or later using Standard Withholding,
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Example 4-4 To use the wage bracket method for Manual Payroll Systems With Forms W4 From 2020 or later using Standard Withholding, follow the steps illustrated below. Step 1 Select the withholding table that applies to the employee's pay period - Adrienne Huff is marned filing jointly (MF)). She is paid weekly at a rate of 5815 Step 2 Locate the wage bracket (the first two columns of the table) in which the employee's gross wages fall Locate the appropriate wage bracket (see Figure 4.7): At least 5815 but less than $825 Step 3 Follow the line for the wage bracket across to the right to the column showing the appropriate filing status with standard withholding. Withhold this amount of tax - Move across the line to the column showing Married Filing Jointly, Standard withholding The tax to withhold is $34. Figure 1.9 The names of the employees of Hogan Thrift Shop are listed on the following payroll register. Employees are paid weekly. The filing status is shown on the payroll register along with each employee's weekly salary, which has remained the same all year. Complete the payroll register for the payroll period ending December 20, 20, the 51st weekly payday. The state income tax rate is 2% of total earnings, the city income tax rate is 1.5% of the total gross earnings, and the wage bracket method is used for federal income taxes Enter all amounts as positive numbers. Round your calculations and final answers to the nearest cent. If an amount is zero, enter "0". As we go to press, the federal income tax rates for 2022 are being determined by budget talks in Washington and not available for publication. For this edition, the 2021 federal income tax tables for Manual Systems with Forms W 4 from 2020 or later with Standard Withholding and 2021 FICA rates have been used. Click here to access the Wage Bracket Method Tables Click here to access the Percentage Method Tables FOR PERIOD ENDING December 20, 20 Hogan Thrift Shop Payroll Register Deductions (a) FICA (b) HI FIT Filing No. of W/H Total Employee Name Status Allowances Earnings (c) SIT OASDI (d) CIT Net Pay S N/A $2,850.00 John, Matthew Smith, Jennifer HH NA 275.00 Bullen, Catherine S N/A 250.00 Matthews, Mary HH N/A 320.25 450.00 MF) N/A Hadt, Bonnie Camp, Sean Aarav, Helen MF) N/A 560.50 un N/A 475.50 Gleason, Josie HH N/A 890.00 CE Hogan Thic Shop Payroll Register Deductions FOR PERIOD ENDING December 20, 20 (a) FICA (b) FIT (c) SIT OASDI (d) CIT HI Filing No. of W/H Total Employee Name Status Allowances Earnings John, Matthew 5 N/A $2,850.00 Smith, Jennifer HH N/A 275.00 (e) Net Pay Bullen, Catherine S N/A 250.00 Matthews, Mary HH N/A 320.25 Hadt, Bonnie MF) N/A 450.00 Camp, Sean ME) N/A 560.50 Aara, Helen 5 NIA 475.50 Gleason, Jose HH N/A 890.00 Totals $6,071,25 Compute the employer's FICA taxes for the pay penod ending December 20, 20 OASD1 Taxes HI Taxes OAST taxable earnings Hi taxable earnings OASDT taxes HI Step by Step Solution
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