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GL Kennels has employees with pay schedules that vary based on job classification. Use Figure 5.4. Required: Compute the federal income tax liability for each
GL Kennels has employees with pay schedules that vary based on job classification. Use Figure 5.4. Required: Compute the federal income tax liability for each employee using the percentage method in Appendix C (or IRS federal income tax assistant). All W-4s were received prior to 2020 and no one requested additional withholding. (Round your intermediate calculations and final answers to 2 decimal places.) Filing Status Exemptions Employee Pay Amount Percentage Method MJ C. Wells L. Decker 1 0 2 MS Pay Frequency Biweekly Weekly Weekly Semi-monthly 1,530.00 0.00 $ 1,825 $ $ 750 $ $ 875 $ $ 2,025 $ J. Swaby S 0.00 M. Ohlson MJ 1 0.00 FIGURE 5-4 Percentage Method for One Withholding Allowance with Forms W-4 from 2019 or Earlier One Withholding Payroll Period Allowance Weekly $83.00 Biweekly 165.00 Semimonthly 179.00 Monthly 358.00 Quarterly 1,075.00 Semiannually 2,150.00 Annually 4,300.0 Daily or miscellaneous (each day of the payroll period) 17.00 GL Kennels has employees with pay schedules that vary based on job classification. Use Figure 5.4. Required: Compute the federal income tax liability for each employee using the percentage method in Appendix C (or IRS federal income tax assistant). All W-4s were received prior to 2020 and no one requested additional withholding. (Round your intermediate calculations and final answers to 2 decimal places.) Filing Status Exemptions Employee Pay Amount Percentage Method MJ C. Wells L. Decker 1 0 2 MS Pay Frequency Biweekly Weekly Weekly Semi-monthly 1,530.00 0.00 $ 1,825 $ $ 750 $ $ 875 $ $ 2,025 $ J. Swaby S 0.00 M. Ohlson MJ 1 0.00 FIGURE 5-4 Percentage Method for One Withholding Allowance with Forms W-4 from 2019 or Earlier One Withholding Payroll Period Allowance Weekly $83.00 Biweekly 165.00 Semimonthly 179.00 Monthly 358.00 Quarterly 1,075.00 Semiannually 2,150.00 Annually 4,300.0 Daily or miscellaneous (each day of the payroll period) 17.00
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