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Note: In this chapter and in all succeeding work throughout the course, unless instructed otherwise , calculate hourly rates and overtime rates as follows: 1.

Note: In this chapter and in all succeeding work throughout the course, unless instructed otherwise, calculate hourly rates and overtime rates as follows:

1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the over-time rate).
2. If the third decimal place is 5 or more, round to the next higher cent.
3. If the third decimal place is less than 5, simply drop the third decimal place.
Examples: Monthly rate $1,827 Weekly rate ($1,827 12)/52 = $421.615 rounded to $421.62 Hourly rate $421.62/40 = $10.540 rounded to $10.54 O.T. rate $10.54 1.5 = $15.81

Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow.

Use (a) the percentage method and (b) the wage-bracket method to compute the federal income taxes to withhold from the wages or salaries of each employee.

Enter deductions beginning with a minus sign (-).

Using Table of Allowance Values for Dec 31, 2016

Using Percentage Method Tables for Dec 31, 2016

Using Wage-Bracket Method Tables for Dec 31, 2016

Amount to Be Withheld

Employee Marital Status No.of Withholding Allowances Gross Wage or Salary Percentage Method Wage-Bracket Method
Ruiz, S. S 2 $1,040 weekly $ $
Flume, X. S 1 2,190 weekly N/A
Farley, H. M 6 1,890 biweekly
Comey, P. M 4 2,315 semimonthly
Hanks, R. M 9 4,200 monthly

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