Question
It has been said before ... so how about one more time, practice, practice, practice . Determine the federal withholding for each employee. Lucien Laurin
It has been said before ... so how about one more time, practice, practice, practice. Determine the federal withholding for each employee.
Lucien Laurin earns $2,190 semimonthly. He claims 4 allowances and is married.
Employee: Laurin, Lucien | |
---|---|
Semimonthly Earnings | $2,190.00 |
Federal Income Tax Withholding: | $fill in the blank 98533dfa9046f95_1 |
Dale Earnhardt earns $2,210 monthly. He claims 2 allowances and is single.
Employee: Earnhardt, Dale | |
---|---|
Monthly Earnings | $2,210.00 |
Federal Income Tax Withholding: | $fill in the blank 98533dfa9046f95_2 |
Alex Rodriguez earns $5,385.00 monthly. Additional information necessary to determine Alex's tax withholding can be found on his attached W-4
Note: Enter ALL values as positive numbers.
Description | Calculation | |||
1. | Determine the amount of gross wages, rounded to the nearest dollar. | $fill in the blank 98533dfa9046f95_3 | ||
2. | Enter the value of the allowances based on the payroll period. | $fill in the blank 98533dfa9046f95_4 | ||
3. | Multiply the allowance value by the employee allowances claimed | fill in the blank 98533dfa9046f95_5 | (fill in the blank 98533dfa9046f95_6) | |
4. | Subtract allowances from gross pay, referred to as excess wages | $fill in the blank 98533dfa9046f95_7 | ||
5. | Identify the correct bracket. Wages starting at $fill in the blank 98533dfa9046f95_8 but not over $fill in the blank 98533dfa9046f95_9 | $fill in the blank 98533dfa9046f95_10 (fill in the blank 98533dfa9046f95_11) | ||
6. | Determine the value over the starting wage for this bracket | $fill in the blank 98533dfa9046f95_12 | ||
7. | Multiply the overage by the tax rate in the table (enter as a decimal). | fill in the blank 98533dfa9046f95_13 | ||
$fill in the blank 98533dfa9046f95_14 | ||||
8. | Add the bracket minimum tax. | fill in the blank 98533dfa9046f95_15 | ||
9. | Add the two amounts together, total withholding for Alex Rodriguez. | $fill in the blank 98533dfa9046f95_16 |
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