Question
a.)Sean Matthews is a waiter at the Duluxe Lounge. In his first weekly pay in March, he earned $300.00 for the 40 hours he worked.
a.)Sean Matthews is a waiter at the Duluxe Lounge. In his first weekly pay in March, he earned $300.00 for the 40 hours he worked. In addition, he reports his tips for February to his employer ($500.00), and the employer withholds the appropriate taxes for the tips from this first pay in March. Calculate his net take-home pay assuming the employer withheld federal income tax (wage-bracket, married, 2 allowances), social security taxes, and state income tax (2%) .. $____________________
b.)Use the percentage method to compute the federal income taxes to withhold from the wages or salaries of each employee. Employee No. Employee Name Marital Status No. of Withholding Allowances Gross Wage or Salary Amount to Be Withheld 1 Amoroso, A. M 4 $1,610 weekly __________ 2 Finley, R. S 0 825 biweekly __________ 3 Gluck, E. S 5 9,630 quarterly __________ 4 Quinn, S. M 8 925 semimonthly __________ 5 Treave, Y. M 3 2,875 monthly __________
c.)
Use (a) the percentage method and (b) the wage-bracket method to compute the federal income taxes to withhold from the wages or salaries of each employee.
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| Amount to Be Withheld | |
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Employee | Marital Status | No. of Withholding Allowances | Gross Wage or Salary | Percentage Method | Wage-Bracket Method |
Corn, A. | S | 2 | $ 675 weekly | __________ | __________ |
Fogge, P. | S | 1 | 1,960 weekly | __________ | __________ |
Felps, S. | M | 6 | 1,775 biweekly | __________ | __________ |
Carson, W. | M | 4 | 2,480 semimonthly | __________ | __________ |
Helm, M. | M | 9 | 5,380 monthly | __________ | __________ |
Please answer a, b,c throughly. In wordformat not attachment.
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