Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Moravanti Italian Imports has four employees and pays biweekly. Assume that box 2 is not checked for L. Torabi and R. Beninati and is checked

Moravanti Italian Imports has four employees and pays biweekly. Assume that box 2 is not checked for L. Torabi and R. Beninati and is checked for G. Fisher and J. Tillman.

Required:

On Form W-4, complete Step 2, the Multiple Jobs Worksheet (when applicable) to obtain the amount for Step 4(c). Calculate the federal income tax withholding using the wage-bracket tables with Forms W-4 from 2020 or later in Appendix C.



image

Employee L. Torabi Filing Status Dependents Annual Salary Spouse Annual Salary and Pay Frequency Federal Income Tax per Period S None $ 42,500 Not applicable $ 129.00 R. Beninati S One Other $ 51,500 Not applicable $ 150.77 G. Fisher MJ Three

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Payroll Accounting 2023

Authors: Jeanette M. Landin, Paulette Schirmer

9th Edition

978-1264415618, 1264415613

More Books

Students also viewed these Finance questions

Question

What are an advantage and a disadvantage of direct deposit?

Answered: 1 week ago