Justin's employer uses the percentage method to calculate his federal withholding. Justin earns $50,960 annually, and takes 3 exemptions. What is his weekly taxable income? PERCENTAGE METHOD FOR FIT WITHHOLDING - SINGLE PERSON WEEKLY PAYROLL PERIOD Allowance Rate : $63.46 Weekly Taxable Wage The amount of FIT withholding is -. Over But not over $195 $0.00 . 0.10(gross pay - $51) 195 645 $14.40 - 0.15(gross pay - 195) 645 1,482 $81.90 - 0.20(gross pay - $645) Answer: $ 1245.45 Figure 2.1. Use this table with the question below, as needed. SINGLE PERSONS - WEEKLY PAYROLL PERIOD If the wages are- And the number of withholding allowances claimed is- At least But less than 2 $500 $61 $51 $41 510 62 53 520 530 64 54 530 65 56 540 47 550 560 68 59 49 Use Figure 2.1. Harriet Cutter's gross pay for this week is $555, She is single and claims two allowances. What amount will be withheld from Harriet's pay for federal income tax? O a. $68 Ob . Oc Od. Figure 2.3. Use this table with the question below, as needed. MARRIED PERSONS - WEEKLY PAYROLL PERIOD If the wages are- And the number of withholding allowances claimed is- At least But less than $250 $260 260 N-OOOON 270 290 300 310 Use Figure 2.3. Alice Doyle is arns a gross pay of $290.37 per week as a receptionist her paycheck? Select one: OA $14 OB. S OC Figure 2.3. Use this table with the question below, as needed. MARRIED PERSONS - WEEKLY PAYROLL PERIOD And the number of withholding allowances claimed is- If the wages are- At least But less than $156 $147 $137 $127 $1290 $1300 158 148 138 128 1300 1310 159 150 140 130 1310 1320 131 1320 1330 161 151 1330 162 153 143 133 1340 154 144 134 1340 1350 164 Use Figure 2.3. Robert Zahne is married and earns a gross pay of $1315.08 per week as a talk radio production assistant. He claims 2 allowances. What amount of federal income tax is withheld from his paycheck? Select one: OA $130 O B. $137 $140 OD. $159 Which equation could be used to identify one of the following levels of Federal Income Tax withholding? PERCENTAGE METHOD FOR FIT WITHHOLDING MARRIED PERSON WEEKLY PAYROLL PERIOD Allowance Rate = $63.46 Weekly Taxable Wage The amount of FIT withholding is Over But not over. $1 $222 $0.00 - 0.10(income - 58) 222 588 $36.00 + 0.12(income - 222) 588 1.117 $171.36 - 0.22(income - 588) elect one: OA FIT - 36 + 0.22(g-222): s pay in dollars. O B. FIT - 171.36g -129.36; w C. FIT - 36 + 0.12g - 26.64: w ay in dollars O D. FIT - 37.70 + 0. Which equation could be used to identify one of the following levels of Federal Income Tax withholding? PERCENTAGE METHOD FOR FIT WITHHOLDING - SINGLE PERSON WEEKLY PAYROLL PERIOD Allowance Rate - $63.46 Weekly Taxable Wage The amount of FIT withholding is Over . But not over. $1 $195 $0.00 . 0.10(gross pay - $51) 195 645 $14 40 + 0.15(gross pay - 195) 645 1.482 $81.90 . 0 20(gross pay - $645) select one: A FIT - 0.15g - 14.85; where g - gross pay in dollars O B. FIT - 14.4 + 0.15g: where g - gr O C. FIT - 81.9(0.20) + (g -645); y in dollars OD. FT - ss pay in dollars
