Determine the amount of gross wages earned, filing status, adjustments on Form W4, and frequency of pay. Note: If the wage Whan Goseruan andit (5), tea mo atyuthero in ends in a fractional dollar amount, the wage may be rounded to the nearest dollar: However, in this text, exact wages are used. Step 2 Determine the withholding tax by referring to the appropriate Percentage Method (3.15. 601540.60+135.60134139.34+ Withholding Table (see Figure 4.6 below). wiss Example 4-4 To use the wage-bracket method for Manual Payroll Systems With Forms W-4 From 2020 or Later using Standard Withholding, follow the steps illustrated below. siep 1 peniod. at a nete of 4315 . snep 2 Wocate the wage bencket the fist two columin of the tutien in which the enptovee's gros wages fall. Siep 3 Falion the ine far the mage breciet acros to the nigite to the coluen theming the asprotiate Hing stats weth reotert wheleing, wethels thin meunt of tax. 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. Enter all amounts as positive numbers. Round your calculations and final answers to the nearest cent. As we go to press, the federal income tax rates for 2023 are being determined by budget talks in Washington, and are not available for publication. For this edition, the 2022 federal income tax tables for Manual 5ystems with Forms W4 from 2020 or Later with Standard Withholding and 2022 FICA rates have been used. Click here to access the Wage-Bracket Method Tables. Click here to access the Percentage Method Tables. Determine the amount of gross wages earned, filing status, adjustments on Form W4, and frequency of pay. Note: If the wage Whan Goseruan andit (5), tea mo atyuthero in ends in a fractional dollar amount, the wage may be rounded to the nearest dollar: However, in this text, exact wages are used. Step 2 Determine the withholding tax by referring to the appropriate Percentage Method (3.15. 601540.60+135.60134139.34+ Withholding Table (see Figure 4.6 below). wiss Example 4-4 To use the wage-bracket method for Manual Payroll Systems With Forms W-4 From 2020 or Later using Standard Withholding, follow the steps illustrated below. siep 1 peniod. at a nete of 4315 . snep 2 Wocate the wage bencket the fist two columin of the tutien in which the enptovee's gros wages fall. Siep 3 Falion the ine far the mage breciet acros to the nigite to the coluen theming the asprotiate Hing stats weth reotert wheleing, wethels thin meunt of tax. 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. Enter all amounts as positive numbers. Round your calculations and final answers to the nearest cent. As we go to press, the federal income tax rates for 2023 are being determined by budget talks in Washington, and are not available for publication. For this edition, the 2022 federal income tax tables for Manual 5ystems with Forms W4 from 2020 or Later with Standard Withholding and 2022 FICA rates have been used. Click here to access the Wage-Bracket Method Tables. Click here to access the Percentage Method Tables
