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Drill Problem 9-18 (Static) (LU 9-2 (1)] Assume a tax rate of 6.2% on $128.400 for Social Security and 145% for Medicare. No one will

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Drill Problem 9-18 (Static) (LU 9-2 (1)] Assume a tax rate of 6.2% on $128.400 for Social Security and 145% 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 91 and Table 9.2) (Do not round Intermediate calculations. Round your final answers to the nearest cent.) FICA Employee Marital status Allowances claimed Gross pay FIT Med. Net pay Pat Brown 4 S 2500 36 257 9.1 TABLE tage method income tax holding allowances Payroll Period Weekly Biweekly ........ Semimonthly .......... Monthly Quarterly .......... Semiannually... Annually.... . Daily or miscellaneous (each day of the payroll period) .. One Withholding Allowance $ 79.80 159.60 172.90 345.80 1,037.50 2,075.00 4,150.00 16.00 TABLE 9.2 Percentage method income tax withholding schedules Percentage Method Tables for Income Tax Withholding (For Wages Paid in 2018) TABLE 1-WEEKLY Pay Period (A SINGLE person inducing head of household) amount of (b) A pperson ne montage The amount of income tax The amount 054 Bus 10 of excess over Over over 50.puson -110 -$3.395 .. $171 plus 22% -$1. 658 2 -53,100.5271.00 plus 20% 017 -0.60 $78.60 35% 57914 -$11.761 51,757. 12 plus und -$1,172 2 0 19.373 TABLE 2-WEEKLY Payroll Period (a) SINGLE person including house ) (b) MARRIED person- e amount of wages amount of income tax Tuinc withholding was to whold is Not over $102 Over ut mot over of Over 000 plus 10% over $144 1.177 $0.00 plus 10% -$ 11535 7012 500 $1,177 1 730 315 $171 342 53.315 -6,200 $541 24% -53.315 10 $12.560 -36.200 12.00 -15.00 10.4685 -57835 $1.29 - 13.514.64 plus $19. 373 5 5796.72 plus 37% --$19 373 528.521 TABLE SEM MONTHLY Payroll Period (a) SINGLE person including head of household) b) MARRIED person the amount of wages laher subtracting The amount of income The mount of income withholdingowce is to withholds Not Over $154 Over But not over of excess over Over But not over 686 plus to 1125 -51.767 999 70 plus 12% ---$551 $12 3 .700 570.plus -53,502 5185 62 plus 22% -$1,767 3100 350 371 12 plus 5567 12 24% 37356 313.606 31.174122 S 209 $1.034 plus 35% -58.400 $17,148 -25.401 13 07 56 TABLE MONTHLY Payroll Period The amount of income (a) SINGLE person including head of household b) MARRIED person the count of wages The amount of income tax withholding along to withholds Not Over $300 50 Not over Over But not over of excess over Over But not over $0 $1,100 000 plus 10% 1963 -250 $1,102 $3.533 579.40 plus 12% $3.53 $7,183 $371.12 plus 22% 37,153 $13.433 51.174.18 20 19 514 713 -$13.433 $27213 54.290 $16.95 $41,975 53.807 3 $4192 SO 5158 10 10 12 55 3 26 p $13.44827

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