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Joseph O, Neil is paid his annual bonus of 85,000. His total gross pay is 87, 307.69 = (2,307.69 + 85, 000), and his simple
Joseph O, Neil is paid his annual bonus of 85,000. His total gross pay is 87, 307.69 = (2,307.69 + 85, 000), and his simple tax is 4,000 he is also married with 4 withholding. For withholding purposes, the bonus is considered a supplemental payment and is added to his gross pay. What is his federal tax amount due?
Please help me as I have been stuck on this assignment for over 48 hrs and I am now overwhelm, thanks for your assistance.
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