Assume a tax rate of 6.2% on $128,400 for Social Security and 1.45% for Medicare. No one will reach the maximum for FICA. Complete the following payroll register. (Use the percentage method to calculate FIT for this weekly period.) (Use Table 9.1 and Table 9.2). (Do not round intermediate calculations and round your final answers to the nearest cent.)

Assume a tax rate of 6.2% on $128,400 for Social Security and 1.45% for Medicare. No one will reach the maximum for FICA. Complete the following payroll register. (Use the percentage method to calculate FIT for this weekly period.) (Use Table 9.1 and Table 9.2). (Do not round intermediate calculations and round your final answers to the nearest cent.)

Marital status M

Allowances claim 4

Gross pay $2000

What is the FIT

SS

MED

Net Pay

TABLE TABLE 9.2 9.2 Percentage method income tax withholding schedules Percentage Method Tables for Income Tax Withholding (For Wages Paid in 2018) TABLE 1-WEEKLY Payroll Period SO SO (a) SINGLE person (ncluding head of household) (b) MARRIED person- If the amount of wages If the amount of wages (after subtracting The amount of income tax (after subtracting The amount of income tax withholding allowances) is: to withhold is: withholding allowances) is: to withhold is: Not over $71.. Not over $222... Over But not over- of oxcoss over-Over- But not over- of excess over- $71 $254.. S0.00 plus 10% $71 $222 $588. $0.00 plus 10% -$222 $254 -$815 $18.30 plus 12% -$254 $588 $1,711 .. $36.60 plus 12% -$588 $815 -$1,658 .. $85.62 plus 22% $815 $1,711 - $3,395 $171.36 plus 22% -$1,711 $1,658 $3,100 $271.08 plus 24% -$1,658 $3,395 $6,280.8541.84 plus 24% 33,395 $3,100 -$3,917 . $617.16 plus 32% --$3,100 $6,280 -$7,914 $1,234.24 plus 32% $6,280 $3,917 --$9,687 $878.60 plus 35% -$3,917 $7,914 -$11,761 . . $1,757.12 plus 35% -$7,914 59,687 .... $2,898.10 plus 37% -S9.687 $11.761 ............. $3,103.57 plus 37% -$11,761 TABLE 2-BIWEEKLY Payroll Period SO (a) SINGLE Person (including head of household) (b) MARRIED person- If the amount of wages If the amount of wages (after subtracting The amount of income tax (after subtracting The amount of income tax withholding allowances) is: to withhold is: withholding allowances) is: to withhold is: Not over $142 ....... So Not over $444....... Over- But not over- of excess over- Over- But not over- of excess over- $142 -$509 .. $0.00 plus 10% -$142 $444 -$1,177 .. $0.00 plus 10% -$444 $509 -$1,631 .. $36.70 plus 12% -$509 $1,177 -$3,421 .. $73.30 plus 12% $1,177 $1,631 -$3,315 . . $171.34 plus 22% -$1.631 $3,421 - $6,790.. $342.58 plus 22% -S3,421 $3,315 -$5,200 $541.82 plus 24% -$3,315 $6,790 -$12,560 . . $1,083.76 plus 24% -$6.790 S6.200 -S7.835. S1.234.22 plus 32% -S6.200 $12.560 - $15.829 S2.468.56 plus 32% -$12.560 $7,835 -$19,373 . $1.757.42 plus 35% -S7.835 $15,829 -$23,521 .. $3.514.64 plus 35% -$15.829 $19,373 ......... $5.795.72 plus 37% -$19.373 $23,521 ........... $6.206.84 plus 37% --23,521 TABLE 2-BIWEEKLY Payroll Period (a) SINGLE person (including head of household) (b) MARRIED person- If the amount of wages If the amount of wages (after subtracting The amount of income tax (after subtracting The amount of income tax withholding allowances) is: to withhold is: withholding allowances) is: to withhold is: Not over $142 ....... So Not over $444....... SO Over- But not over- of excess over- Over- But not over- of excess over- $142 -$509. $0.00 plus 10% -$142 $444 -$1,177 .. $0.00 plus 10% -$444 $509 -$1,631 .. $36.70 plus 12% -$509 $1,177 -$3,421 .. $73.30 plus 12% $1,177 $1,631 -$3,315 . . $171.34 plus 22% -$1.631 $3,421 - $6,790.. $342.58 plus 22% -53,421 $3,315 -$5,200 $541.82 plus 24% -$3,315) $6,790 $12,560.. $1,083.76 plus 24% $6.790 S6.200 -S7.835 $1.234.22 plus 32% -S6.200 $12.560 - $15.829 S2.468.56 plus 32% -$12.560 $7,835 -$19,373 $1.757.42 plus 35% -S7835 $15,829 -$23,521 .. $3.514.64 plus 35% -$15.829 $19.373 ...... $5.795.72 plus 37% -$19.373 $23,521 . .... $6.206.84 plus 37% --$23,521 TABLE 3-SEMIMONTHLY Payroll Period (a) SINGLE person (ncluding head of household) (6) MARRIED person- If the amount of wages If the amount of wages (after subtracting The amount of income tax (after subtracting The amount of income tax withholding allowances) is to withhold is: withholding allowances) is: to withhold is: Not over $154. . SO Not over $481 . .. SO Over- But not over- of excess over-Over- But not over- of excess over- $154 -$551 S000 plius 10% -$154 4 81 $481 -$1.975 $0.00 plus 10% -$481 $551 -$1,767 $39.70 plus 12% -$551 $1,275 - $3,706 $79.40 plus 12% -$1,275 $1,767 -$3,592 . . $185.62 plus 22% -$1,767 $3,706 -$7,356 .. $371.12 plus 22% $3,708 $3,592 $6.717 - $587.12 plus 24% -$3,592 $7,356 -$13,606 . $1,174.12 plus 24% -$7,356 $6,717 $8,483 . $1,337.12 plus 32% -S6,717 $13,606 -$17,148 - $2,674.12 plus 32% -$13,606 $8,488 -$20,989 $1,903.84 plus 35% $8,488 $17,148 -$25,481 .. $3,807.56 plus 35% -$17,148 $20.988 . ... $6.278.84 plus 379 $20.988) $25,481.. $6,724.11 plus 37% $80,401 TABLE 4-MONTHLY Payroll Period (a) SINGLE person (including head of household) (b) MARRIED person- If the amount of wages If the amount of wages (after subtracting The amount of income tout (after oubtracting The amount of income tax withholding allowances) is to withhold is: withholding allowances) is: to withhold is: Not over $308 .... SO Not over $063 ....... SO Over- But not over- of excess over-Over- But not over- of excess over- $308 -$1,102. SO,00 plus 10% -$3081 $963 $2,550 .. $0.00 plus 10% -$963 $1,102 -$3,533 .. $79.40 plus 12% -$1,102 $2,550 $7,413 .. $158.70 plus 12% -$2,550 $3,533 -$7,183 .. $371.12 plus 22% -$3,533 $7,413 -$14,713 .. $742.26 plus 22% -$7,413 $7.183 -$13,433 $1,174.12 plus 24% -S7.183 $14,713 -$27,213 . $2,348.26 plus 24% -$14,713 $13,433 -$16.975 .. $2,674.12 plus 32% -$13,433 $27,213 -$34,296 .. $5,348.26 plus 32% - $27,213 $16,975 -$41,975 $3,807.56 plus 35% -$16,975 $34,296 -$50,963 .. $7,614.82 plus 35% -$34.296 $41,975 $12,557.56 plus 37% -$41,975 $50,963.. $13,448.27 plus 37% -$50,963 Source: Internal Revenue Service TABLE 9.1 Percentage method income tax withholding allowances Payroll Period Weekly ......... Biweekly ....... Semimonthly Monthly ............. Quarterly .... . Semiannually Annually........ Daily or miscellaneous (each day of the payroll One Withholding Allowance $ 79.80 159.60 172.90 345.80 1,037.50 2,075.00 4,150.00 period) . . . . . . . . . . . . . . . . . . . . . . . . . 16.00 TABLE TABLE 9.2 9.2 Percentage method income tax withholding schedules Percentage Method Tables for Income Tax Withholding (For Wages Paid in 2018) TABLE 1-WEEKLY Payroll Period SO SO (a) SINGLE person (ncluding head of household) (b) MARRIED person- If the amount of wages If the amount of wages (after subtracting The amount of income tax (after subtracting The amount of income tax withholding allowances) is: to withhold is: withholding allowances) is: to withhold is: Not over $71.. Not over $222... Over But not over- of oxcoss over-Over- But not over- of excess over- $71 $254.. S0.00 plus 10% $71 $222 $588. $0.00 plus 10% -$222 $254 -$815 $18.30 plus 12% -$254 $588 $1,711 .. $36.60 plus 12% -$588 $815 -$1,658 .. $85.62 plus 22% $815 $1,711 - $3,395 $171.36 plus 22% -$1,711 $1,658 $3,100 $271.08 plus 24% -$1,658 $3,395 $6,280.8541.84 plus 24% 33,395 $3,100 -$3,917 . $617.16 plus 32% --$3,100 $6,280 -$7,914 $1,234.24 plus 32% $6,280 $3,917 --$9,687 $878.60 plus 35% -$3,917 $7,914 -$11,761 . . $1,757.12 plus 35% -$7,914 59,687 .... $2,898.10 plus 37% -S9.687 $11.761 ............. $3,103.57 plus 37% -$11,761 TABLE 2-BIWEEKLY Payroll Period SO (a) SINGLE Person (including head of household) (b) MARRIED person- If the amount of wages If the amount of wages (after subtracting The amount of income tax (after subtracting The amount of income tax withholding allowances) is: to withhold is: withholding allowances) is: to withhold is: Not over $142 ....... So Not over $444....... Over- But not over- of excess over- Over- But not over- of excess over- $142 -$509 .. $0.00 plus 10% -$142 $444 -$1,177 .. $0.00 plus 10% -$444 $509 -$1,631 .. $36.70 plus 12% -$509 $1,177 -$3,421 .. $73.30 plus 12% $1,177 $1,631 -$3,315 . . $171.34 plus 22% -$1.631 $3,421 - $6,790.. $342.58 plus 22% -S3,421 $3,315 -$5,200 $541.82 plus 24% -$3,315 $6,790 -$12,560 . . $1,083.76 plus 24% -$6.790 S6.200 -S7.835. S1.234.22 plus 32% -S6.200 $12.560 - $15.829 S2.468.56 plus 32% -$12.560 $7,835 -$19,373 . $1.757.42 plus 35% -S7.835 $15,829 -$23,521 .. $3.514.64 plus 35% -$15.829 $19,373 ......... $5.795.72 plus 37% -$19.373 $23,521 ........... $6.206.84 plus 37% --23,521 TABLE 2-BIWEEKLY Payroll Period (a) SINGLE person (including head of household) (b) MARRIED person- If the amount of wages If the amount of wages (after subtracting The amount of income tax (after subtracting The amount of income tax withholding allowances) is: to withhold is: withholding allowances) is: to withhold is: Not over $142 ....... So Not over $444....... SO Over- But not over- of excess over- Over- But not over- of excess over- $142 -$509. $0.00 plus 10% -$142 $444 -$1,177 .. $0.00 plus 10% -$444 $509 -$1,631 .. $36.70 plus 12% -$509 $1,177 -$3,421 .. $73.30 plus 12% $1,177 $1,631 -$3,315 . . $171.34 plus 22% -$1.631 $3,421 - $6,790.. $342.58 plus 22% -53,421 $3,315 -$5,200 $541.82 plus 24% -$3,315) $6,790 $12,560.. $1,083.76 plus 24% $6.790 S6.200 -S7.835 $1.234.22 plus 32% -S6.200 $12.560 - $15.829 S2.468.56 plus 32% -$12.560 $7,835 -$19,373 $1.757.42 plus 35% -S7835 $15,829 -$23,521 .. $3.514.64 plus 35% -$15.829 $19.373 ...... $5.795.72 plus 37% -$19.373 $23,521 . .... $6.206.84 plus 37% --$23,521 TABLE 3-SEMIMONTHLY Payroll Period (a) SINGLE person (ncluding head of household) (6) MARRIED person- If the amount of wages If the amount of wages (after subtracting The amount of income tax (after subtracting The amount of income tax withholding allowances) is to withhold is: withholding allowances) is: to withhold is: Not over $154. . SO Not over $481 . .. SO Over- But not over- of excess over-Over- But not over- of excess over- $154 -$551 S000 plius 10% -$154 4 81 $481 -$1.975 $0.00 plus 10% -$481 $551 -$1,767 $39.70 plus 12% -$551 $1,275 - $3,706 $79.40 plus 12% -$1,275 $1,767 -$3,592 . . $185.62 plus 22% -$1,767 $3,706 -$7,356 .. $371.12 plus 22% $3,708 $3,592 $6.717 - $587.12 plus 24% -$3,592 $7,356 -$13,606 . $1,174.12 plus 24% -$7,356 $6,717 $8,483 . $1,337.12 plus 32% -S6,717 $13,606 -$17,148 - $2,674.12 plus 32% -$13,606 $8,488 -$20,989 $1,903.84 plus 35% $8,488 $17,148 -$25,481 .. $3,807.56 plus 35% -$17,148 $20.988 . ... $6.278.84 plus 379 $20.988) $25,481.. $6,724.11 plus 37% $80,401 TABLE 4-MONTHLY Payroll Period (a) SINGLE person (including head of household) (b) MARRIED person- If the amount of wages If the amount of wages (after subtracting The amount of income tout (after oubtracting The amount of income tax withholding allowances) is to withhold is: withholding allowances) is: to withhold is: Not over $308 .... SO Not over $063 ....... SO Over- But not over- of excess over-Over- But not over- of excess over- $308 -$1,102. SO,00 plus 10% -$3081 $963 $2,550 .. $0.00 plus 10% -$963 $1,102 -$3,533 .. $79.40 plus 12% -$1,102 $2,550 $7,413 .. $158.70 plus 12% -$2,550 $3,533 -$7,183 .. $371.12 plus 22% -$3,533 $7,413 -$14,713 .. $742.26 plus 22% -$7,413 $7.183 -$13,433 $1,174.12 plus 24% -S7.183 $14,713 -$27,213 . $2,348.26 plus 24% -$14,713 $13,433 -$16.975 .. $2,674.12 plus 32% -$13,433 $27,213 -$34,296 .. $5,348.26 plus 32% - $27,213 $16,975 -$41,975 $3,807.56 plus 35% -$16,975 $34,296 -$50,963 .. $7,614.82 plus 35% -$34.296 $41,975 $12,557.56 plus 37% -$41,975 $50,963.. $13,448.27 plus 37% -$50,963 Source: Internal Revenue Service TABLE 9.1 Percentage method income tax withholding allowances Payroll Period Weekly ......... Biweekly ....... Semimonthly Monthly ............. Quarterly .... . Semiannually Annually........ Daily or miscellaneous (each day of the payroll One Withholding Allowance $ 79.80 159.60 172.90 345.80 1,037.50 2,075.00 4,150.00 period) . . . . . . . . . . . . . . . . . . . . . . . . . 16.00