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Fred's gross annual salary is $174656 with biweekly paychecks. If he is single with one dependent child, compute the biweekly withholding his employer will send
Fred's gross annual salary is $174656 with biweekly paychecks. If he is single with one dependent child, compute the biweekly withholding his employer will send to the IRS.
Use the following information:
Biweekly allowance: $159.60 per person.
Round your answer to the nearest dollar.
Wages Withholding Taxable Wages $0 - $142 $142 - $509 $509- $1,631 $1,631-$3,315 $3,315 $6,200 $6,200- $7,835 $7,835 - $19,373 $19,373 or more $0.00 $0.00 plus 10% of amount exceeding $142 $36.70 plus 12% of amount exceeding $509 |$171.34 plus 22% of amount exceeding $1,631 $541.82 plus 24% of amount exceeding $3,315 $1,234.22 plus 32% of amount exceeding $6,200 $1,757.42 plus 35% of amount exceeding $7,835 $5,795.72 plus 37% of amount exceeding $19,373Step by Step Solution
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