Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Avery is an employee who is Married filing Joint with 1 Other dependent claimed on the 2022 Form W-4. Avery did not check Step 2

Avery is an employee who is Married filing Joint with 1 Other dependent claimed on the 2022 Form W-4. Avery did not check Step 2 checkbox withholding. During the most recent biweekly pay period, Avery earned $9,470.00. Using the percentage method, compute Avery's federal income tax. Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Married Filing Jointly STANDARD Withholding Rate Schedules (Use these if the box in Step 2 of Form W-4 is NOT checked) If the Adjusted Wage Amount (line 1h) is: The tentative amount to withhold is: Plus this percentage of the amount that the Adjusted Wage exceeds At least But less than A B C D E $ 0 $ 996 $ 0.00 0% $ 0 $ 996 $ 1,787 $ 0.00 10% $ 996 $ 1,787 $ 4,210 $ 79.10 12% $ 1,787 $ 4,210 $ 7,848 $ 369.86 22% $ 4,210 $ 7,848 $ 14,077 $ 1,170.22 24% $ 7,848 $ 14,077 $ 17,608 $ 2,665.18 32% $ 14,077 $ 17,608 $ 25,913 $ 3,795.10 35% $ 17,608 $ 25,913 $ 6,701.85 37% $ 25,913 Single or Married Filing Separately STANDARD Withholding Rate Schedules (Use these if the box

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

10th Edition

324300980, 978-0324300987

More Books

Students also viewed these Accounting questions