Question
As we go to press, the federal income tax rates for 2021 are being determined by budget talks in Washington and not available for publication.
As we go to press, the federal income tax rates for 2021 are being determined by budget talks in Washington and not available for publication. For this edition, the 2020 federal income tax tables for Manual Systems with Forms W-4 from 2020 or later with Standard Withholding and 2020 FICA rates have been used.
Click here to access the Wage-Bracket Method Tables.
For Period Ending December 27, 20--
| Employee Name | No. of | Earnings | Deductions | ||||||||
| Filing | W/H | (a) | (b) | (c) FICA | (d) | (e) | (f) | (g) | |||
| Status | Allowances | Regular | Supp'l. | Total | OASDI | HI | FIT | SIT | CIT | Net Pay | |
| Hall, Michael | MFJ | N/A | $3,500.00* | $fill in the blank 1 | $fill in the blank 2 | $fill in the blank 3 | $fill in the blank 4 | $fill in the blank 5 | $fill in the blank 6 | $fill in the blank 7 | $fill in the blank 8 |
| Short, Joy T. | MFJ | N/A | 2,750.00* | fill in the blank 9 | fill in the blank 10 | fill in the blank 11 | fill in the blank 12 | fill in the blank 13 | fill in the blank 14 | fill in the blank 15 | fill in the blank 16 |
| Abbott, Linda | MFJ | N/A | 520.00 | fill in the blank 17 | fill in the blank 18 | fill in the blank 19 | fill in the blank 20 | fill in the blank 21 | fill in the blank 22 | fill in the blank 23 | fill in the blank 24 |
| Smith, Joseph | HH | N/A | 465.00 | fill in the blank 25 | fill in the blank 26 | fill in the blank 27 | fill in the blank 28 | fill in the blank 29 | fill in the blank 30 | fill in the blank 31 | fill in the blank 32 |
| Tols, Sean M. | S | N/A | 380.00 | fill in the blank 33 | fill in the blank 34 | fill in the blank 35 | fill in the blank 36 | fill in the blank 37 | fill in the blank 38 | fill in the blank 39 | fill in the blank 40 |
| Gillespie, Michelle | MFJ | N/A | 350.00 | fill in the blank 41 | fill in the blank 42 | fill in the blank 43 | fill in the blank 44 | fill in the blank 45 | fill in the blank 46 | fill in the blank 47 | fill in the blank 48 |
| Smart, Jennifer | HH | N/A | 575.00 | fill in the blank 49 | fill in the blank 50 | fill in the blank 51 | fill in the blank 52 | fill in the blank 53 | fill in the blank 54 | fill in the blank 55 | fill in the blank 56 |
| White, Matthew J. | HH | N/A | 425.00 | fill in the blank 57 | fill in the blank 58 | fill in the blank 59 | fill in the blank 60 | fill in the blank 61 | fill in the blank 62 | fill in the blank 63 | fill in the blank 64 |
| Totals | $fill in the blank 65 | $fill in the blank 66 | $fill in the blank 67 | $fill in the blank 68 | $fill in the blank 69 | $fill in the blank 70 | $fill in the blank 71 | $fill in the blank 72 | $fill in the blank 73 | ||
*Monthly
Compute the employer's FICA taxes for the pay period ending December 27, 20--.
| OASDI Taxes | HI Taxes | ||
| OASDI taxable earnings | $fill in the blank 74 | HI taxable earnings | $fill in the blank 75 |
| OASDI taxes | $fill in the blank 76 | HI taxes | $fill in the blank 77 |
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Managerial Accounting Tools for business decision making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
6th Edition
978-0470477144, 1118096894, 9781118214657, 470477148, 111821465X, 978-1118096895
