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Figure 1.9 Example 4-9 From the above example, if you indicate separately on Robinson's paycheck stub the amount of each payment, the amount of
Figure 1.9 Example 4-9 From the above example, if you indicate separately on Robinson's paycheck stub the amount of each payment, the amount of feder be withheld is computed as follows: Regular monthly earnings Quarterly bonus Totals Taxes Withheld $2,400 $ 32.00 (from wage-bracket tax tables*) 4,600 1,012.00 ($4,600 x 22%) $7,000 $ 1,044.00 The calculation of Robinson's federal income tax for the quarter would be computed as follows: Taxes Withheld Regular monthly earnings $2,400 $32.00 x 3 months = Quarterly bonus 4,600 $ 96,00 (from wage-bracket tax table B*) 1,012.00 ($4,600 x 22%) $1,108.00 * The percentage table could also be used Note: OASDI and HI withholdings are calculated on total earnings per pay period multiplied by number of pay periods and then added toget arrive at a quarter's total withholding. Quarterly and year-to-date information would appear on Robinson's employee earnings record. The names of the employees of Cox Security Systems and their regular salaries are shown in the following payroll register. Note that Hall and S
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