Question
Complete the federal withholding tax (wage-bracket method) and state withholding tax columns of the employee earnings record for the employee listed below. The state income
Complete the federal withholding tax (wage-bracket method) and state withholding tax columns of the employee earnings record for the employee listed below. The state income tax withholding rate is 5.0% of taxable pay, with taxable pay being the same for federal and state income tax withholding. The associated pay period ends on 09/05/2021 (enter the year using four digits). Every employee earns hourly overtime wages 1.5 times greater than their regular wage rate. Note that the Retirement Contribution and Additional Withholding columns, for which partial information is provided below, has been populated based on the partial information shown here.
- Nathan Upton (SSN 232-23-2323) lives at 5672 Hillside Lane, St. Louis, MO 63101, is married, and claims three withholding allowances for both federal and state. He earns $11.80/hour, and worked 42 hours during the most recent week. Nathan does not make any voluntary deductions each period.
Notes:
- For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.
- Note that "n/a" (not applicable) should be entered for any lines within the employee earnings record that do not apply to this employee.
Payroll Register \begin{tabular}{ll} Pay Period & 09/05/2021 \\ Pay Date & 09/11/2021 \\ \hline \end{tabular} Open Directions in Popup Window
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