Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please give me right answer to the following questions please. Follow instructions carefully PSb 3-3 Calculate Federal Income Tax Withholding Using the Wage-Bracket Method (Pre-2020

Please give me right answer to the following questions please. Follow instructions carefully

image text in transcribed
PSb 3-3 Calculate Federal Income Tax Withholding Using the Wage-Bracket Method (Pre-2020 Form W-4) For each employee listed, use the wage-bracket method to calculate federal income tax withholding for an employee who has submitted a pre-2020 Form W-4. Refer to Publication 15-T. NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation. 1: Paul Yount (married, 7 federal withholding allowances) earned weekly gross pay of $605. Federal income tax withholding = $ 2: Paulina Robinson (single, 3 federal withholding allowances) earned biweekly gross pay of $1,245. She contributes $75 to a flexible spending account during the period. Federal income tax withholding = $ 3 Lacey Kunis (single; 2 federal withholding allowances) earned monthly gross pay of $3,090 For each period, she makes a 401(k) contribution of 18% of gross pay. Federal income tax withholding = $ 4: Francine Stewart (married, 4 federal withholding allowances) earned semimonthly gross pay of $1,420. She contributes $125 to a cafeteria plan during the period Federal income tax withholding = $ 8 00

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

Foundations Of Finance

Authors: Arthur Keown, John Martin, J. Petty

10th Edition

0136102654, 9780136102656

More Books

Students also viewed these Accounting questions

Question

Create a Fishbone diagram with the problem being coal "mine safety

Answered: 1 week ago

Question

The quality of the proposed ideas

Answered: 1 week ago

Question

The number of new ideas that emerge

Answered: 1 week ago