Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Example 4 From the abeve example, t you isdicate separately on Robinson's paycheck stub the amont of each paymest, te anunt of federal income tax

image text in transcribed
image text in transcribed
Example 4 From the abeve example, t you isdicate separately on Robinson's paycheck stub the amont of each paymest, te anunt of federal income tax ta be withheld is computed as fos Regular monthly earnings Querterly bonus Totals The calculation of Robinson's federal incone tax for the qearter wold be ceneuted as follows $2.400 4,500 $7,000 60.00 from wage-bracket tax tables") 1,150.00 ($4,600 x 25%) $1,219 00 Regular monthly earminge $2,600 $69.00 3 mortt207.00 lrom wage brackst tables") Quarterly bonus 4,600 1.150.00 ($4,000 x 2,%) The percentage table could also be uced Note: 045DI and Ht withholidings are calculated on total earmings per pay period and then added Quarterly and year-to-date information would appear on Robinsan's employee earnings recerd taether to wrrive at a ater's otal withalding anannual bonus based en the amount of earnings br the rew. For the cn year, ne bamo res tenenhe anidiliy eal, te each emise. The bone i, teb.aliang weee regular salaries on December 28, but the amoust of the bonus and the ameunt of the eular salary will be shown separaby repare the payrol for the pay perlod ending December 28, showing the flowing for each enployee e Use the wege bracket method to withhold tederal Income tax from the regular salaries . Total Maties and bonoses are subject to.2%utate ineen. t.. and . 1Sdy hermeta inter al amounts as posltive subers Round your anowers to tho nearest cont Cick here te aocess the Wage Bradket Method Tales Example 4 From the abeve example, t you isdicate separately on Robinson's paycheck stub the amont of each paymest, te anunt of federal income tax ta be withheld is computed as fos Regular monthly earnings Querterly bonus Totals The calculation of Robinson's federal incone tax for the qearter wold be ceneuted as follows $2.400 4,500 $7,000 60.00 from wage-bracket tax tables") 1,150.00 ($4,600 x 25%) $1,219 00 Regular monthly earminge $2,600 $69.00 3 mortt207.00 lrom wage brackst tables") Quarterly bonus 4,600 1.150.00 ($4,000 x 2,%) The percentage table could also be uced Note: 045DI and Ht withholidings are calculated on total earmings per pay period and then added Quarterly and year-to-date information would appear on Robinsan's employee earnings recerd taether to wrrive at a ater's otal withalding anannual bonus based en the amount of earnings br the rew. For the cn year, ne bamo res tenenhe anidiliy eal, te each emise. The bone i, teb.aliang weee regular salaries on December 28, but the amoust of the bonus and the ameunt of the eular salary will be shown separaby repare the payrol for the pay perlod ending December 28, showing the flowing for each enployee e Use the wege bracket method to withhold tederal Income tax from the regular salaries . Total Maties and bonoses are subject to.2%utate ineen. t.. and . 1Sdy hermeta inter al amounts as posltive subers Round your anowers to tho nearest cont Cick here te aocess the Wage Bradket Method Tales

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions

Question

difference between traditional marketing and online marketing

Answered: 1 week ago