Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Christian Bale earns $5,674.60 semimonthly. Additional information necessary to determine Christian's tax withholding can be found on his attached W-4 Note: Enter ALL values as
Christian Bale earns $5,674.60 semimonthly. Additional information necessary to determine Christian's tax withholding can be found on his attached W-4
Note: Enter ALL values as positive numbers. Description Calculation 1. Determine the amount of gross wages, rounded to the nearest dollar. 2. Enter the value of the allowances based on the payroll period. 3. Multiply the allowance value by the employee allowances claimed 4. Subtract allowances from gross pay, referred to as excess wages 5. Identify the correct bracket. Wages starting at $ but not over $ $ $ 6. Determine the value over the starting wage for this bracket 7. Multiply the overage by the tax rate in the table (enter as a decimal). 8. Add the bracket minimum tax. 9. Add the two amounts together, total withholding for Christian Bale $ Note: Enter ALL values as positive numbers. Description Calculation 1. Determine the amount of gross wages, rounded to the nearest dollar. 2. Enter the value of the allowances based on the payroll period. 3. Multiply the allowance value by the employee allowances claimed 4. Subtract allowances from gross pay, referred to as excess wages 5. Identify the correct bracket. Wages starting at $ but not over $ $ $ 6. Determine the value over the starting wage for this bracket 7. Multiply the overage by the tax rate in the table (enter as a decimal). 8. Add the bracket minimum tax. 9. Add the two amounts together, total withholding for Christian Bale $Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started