Question
Note: Use the Tax Tables 2020. They can be used to calculate the answers to the problems listed. Edward Dorsey is a part-time employee, and
Note: Use the Tax Tables 2020. They can be used to calculate the answers to the problems listed.
Edward Dorsey is a part-time employee, and during the biweekly pay period he earned $395. In addition, he is being paid a bonus of $300 along with his regular pay. If Dorsey is single, how much would be deducted from his pay for FIT, based on the two methods outlined below?
Hint: There are two ways to determine the deduction. Do NOT use the table for the percentage method.
| a. | Wage-bracket table | $fill in the blank 1 |
| b. | Percentage method | $fill in the blank 2 |
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IRS Audit Protection And Survival Guide Bed And Breakfasts
Authors: Gerald F. Bernard, Daniel J. Baran
1st Edition
0471166340, 978-0471166344
