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Please help, I think I am missing something in regards to the deductions? I have been stuck on this for a while and it doesn't
Please help, I think I am missing something in regards to the deductions? I have been stuck on this for a while and it doesn't seem to like any of my answers.
Martin is married (spouse does not work), two dependents who are under the age of 17. What is his federal income tax withholding under the following conditions? Assume that Martin has only one job or that step 2 of Form W-4 is not checked. Also, his employer uses the percentage method table for a manual payroll. Use percentage method tables for a manual payroll systems. Required: a. Martin is paid semimonthly, and his gross pay is $3,845 per paycheck. b. Martin is paid monthly, and his gross pay is $7,330 per paycheck. c. Martin is paid weekly, and his gross pay is $5,380 per paycheck. (For all requirements, round your intermediate computations and final answers to 2 decimal places.) Amount a. Federal income tax withholdings b. Federal income tax withholdings C. Federal income tax withholdings 2020 Percentage Method Tables for Manual Payroll Systems With Forms W-4 From 2020 or Later WEEKLY Payroll Period STANDARD Withholding Rate Schedules Form W-4, Step 2, Checkbox, Withholding Rate Schedules (Use these if the box in Step 2 of Form W-4 is NOT checked) (Use these if the box in Step 2 of Form W-4 IS checked) of the amount If the Adjusted Wage Amount of the amount If the Adjusted Wage Amount (line 1h) is: that the that the (line 1h) is: The tentative Adjusted The tentative Adjusted But less amount to Plus this Wage But less amount to Plus this Wage At least- than- withhold is: percentage exceeds- At least- than- withhold is: percentage exceeds A B D E A A B D E Married Filing Jointly Married Filing Jointly SO $ 477 $ 0.00 0% $0 SO $ 238 $ 0.00 0% SO $ 477 $ 857 $ 0.00 10% $ 477 $ 238 $ 428 $ 0.00 10% $ 238 $ 857 $ 2,020 $ 38.00 12% $ 857 $ 428 $ 1,010 $ 19.00 12% $ 428 $ 2,020 $ 3.766 $ 177.56 22% $ 2,020 $ 1,010 $ 1,883 $ 88.84 22% $ 1,010 $ 3,766 $ 6,758 $ 561.68 24% $ 3,766 $ 1,883 $3,379 $ 280.90 24% $ 1.883 $ 6,758 $ 8,452 $ 1,279.76 32% $ 6,758 $ 3,379 $ 4,226 $ 639.94 32% $ 3,379 $ 8,452 $ 12,439 $ 1,821.84 35% $ 8,452 $ 4,226 $ 6,220 $ 910.98 35% $ 4,226 $ 12,439 $ 3.217.29 37% $ 12,439 $ 6,220 $ 1,608.88 37% $ 6,220 Single or Married Filing Separately Single or Married Filing Separately $0 $ 238 $ 0.00 0% $0 $0 $ 119 $ 0.00 0% SO $ 238 $ 428 $ 0.00 10% $ 238 $ 119 $ 214 $ 0.00 10% $ 119 $ 428 $ 1,010 $ 19.00 12% $ 428 $ 214 $ 505 $ 9.50 12% $ 214 $ 1,010 $ 1,883 $ 88.84 22% $ 1,010 $ 505 $ 942 $ 44.42 22% $ 505 $ 1,883 $ 3,379 $ 280.90 24% $ 1,883 $ 942 $ 1,689 $ 140.56 24% $ 942 $ 3,379 $ 4,226 $ 639.94 32% $ 3,379 S 1,689 $ 2.113 $ 319.84 32% $ 1.689 $ 4,226 $ 10,208 $ 910.98 35% $ 4,226 $ 2,113 $ 5,104 $ 455.52 35% $ 2,113 $ 10,208 $ 3,004.68 37% $ 10,208 $ 5,104 $ 1,502.37 37% $ 5,104 Head of Household Head of Household SO $ 359 $ 0.00 0% SO SO $ 179 $ 0.00 0% SO $ 359 $630 $ 0.00 10% $ 359 $ 179 $ 315 $ 0.00 10% $ 179 $ 630 $ 1,391 $ 27.10 12% $ 630 $ 315 $ 696 $ 13.60 12% $ 315 $ 1,391 $ 2,003 $ 118.42 22% $ 1,391 $ 696 $ 1,001 $59.32 22% $ 696 $ 2,003 $ 3,499 $ 253.06 24% $ 2.003 $ 1,001 $ 1.750 $126.42 24% $ 1.001 $ 3,499 $4,346 $ 612.10 32% $ 3,499 $1,750 $ 2,173 $ 306.18 32% $ 1,750 $ 4,346 $ 10,328 $ 883.14 35% $ 4,346 $ 2,173 $5,164 $ 441.54 35% $ 2.173 $ 10,328 $ 2,976.84 37% $ 10,328 $5,164 $ 1,488.39 37% $ 5,164 2020 Percentage Method Tables for Manual Payroll Systems With Forms W-4 From 2020 or Later BIWEEKLY Payroll Period STANDARD Withholding Rate Schedules Form W-4, Step 2, Checkbox, Withholding Rate Schedules (Use these if the box in Step 2 of Form W-4 is NOT checked) (Use these if the box in Step 2 of Form W-4 IS checked) If the Adjusted Wage Amount of the amount If the Adjusted Wage Amount of the amount (line 1h) is: ) : that the (line 1h) is: that the The tentative Adjusted The tentative Adjusted But less amount to Plus this Wage But less amount to Plus this Wage At least- than- withhold is: percentage exceeds- At least- than- withhold is: percentage- exceeds- A B D D E A A B D E Married Filing Jointly Married Filing Jointly $0 $ 954 $ 0.00 0% $0 $0 $ 477 $ 0.00 0% SO $ 954 $ 1,713 $ 0.00 10% $ 954 $ 477 $ 857 $ 0.00 10% $ 477 $ 1,713 $ 4,040 $ 75.90 12% $ 1,713 $ 857 $ 2,020 $ 38.00 12% $ 857 $ 4.040 $7,533 $ 355.14 22% $ 4,040 $ 2,020 $ 3,766 $ 177.56 22% $ 2,020 $ 7,533 $ 13,515 $ 1,123.60 24% $ 7,533 $ 3,766 $ 6,758 $ 561.68 24% $3,766 $ 13,515 $ 16,904 $ 2,559.28 32% $ 13,515 $ 6,758 $ 8,452 $ 1,279.76 32% $ 6,758 $ 16,904 $ 24,879 $ 3,643.76 35% $ 16,904 $ 8,452 $ 12,439 $ 1,821.84 35% $ 8,452 $ 24,879 $6,435.01 37% $ 24,879 $ 12,439 $ 3,217.29 37% $ 12,439 Single or Married Filing Separately Single or Married Filing Separately SO $ 477 $ 0.00 0% $0 SO $ 238 $ 0.00 0% $0 $ 477 $ 857 $ 0.00 10% $ 477 $ 238 $ 428 $ 0.00 10% $ 238 $ 857 $ 2,020 $ 38.00 12% $ 857 $ 428 $ 1,010 $ 19.00 12% $ 428 $ 2,020 $ 3,766 $ 177.56 22% $ 2,020 $ 1,010 $ 1,883 $ 88.84 22% $ 1,010 $ 3,766 $ 6,758 $ 561.68 24% $ 3,766 $ 1,883 $3,379 $ 280.90 24% $ 1,883 $ 6,758 $ 8,452 $ 1,279.76 32% $ 6,758 $ 3,379 $ 4,226 $ 639.94 32% $3,379 $ 8,452 $ 20,415 $ 1,821.84 35% $ 8,452 $ 4,226 $ 10,208 $ 910.98 35% $ 4,226 $ 20,415 $ 6,008.89 37% $ 20,415 $ 10,208 $ 3,004.68 37% $ 10,208 Head of Household Head of Household SO $ 717 $ 0.00 0% $0 SO $ 359 $ 0.00 0% SO $ 717 $1,260 $ 0.00 10% $ 717 $ 359 $ 630 $ 0.00 10% $ 359 $ 1,260 $ 2,783 $ 54.30 12% $ 1,260 $ 630 $ 1,391 $ 27.10 12% $ 630 $ 2,783 $ 4,006 $ 237.06 22% $ 2,783 $ 1,391 $ 2,003 S 118.42 22% $ 1,391 $ 4,006 $ 6,998 $ 506.12 24% $ 4,006 $ 2,003 $ 3,499 $ 253.06 24% $ 2,003 $ 6,998 $ 8,692 $ 1,224.20 32% $ 6,998 $ 3,499 $ 4,346 $ 612.10 32% $ 3,499 $ 8,692 $ 20,656 $ 1,766.28 35% $ 8,692 $ 4,346 $ 10,328 $ 883.14 35% $ 20,656 $5,953.68 37% $ 20,656 $ 10,328 $ 2,976.84 37% $ 10,328 $ 4,346 2020 Percentage Method Tables for Manual Payroll Systems With Forms W-4 From 2020 or Later SEMIMONTHLY Payroll Period STANDARD Withholding Rate Schedules Form W-4, Step 2, Checkbox, Withholding Rate Schedules (Use these if the box in Step 2 of Form W-4 is NOT checked) (Use these if the box in Step 2 of Form W-4 IS checked) of the amount of the amount If the Adjusted Wage Amount that the If the Adjusted Wage Amount that the (line 1h) is: (line 1h) is: The tentative Adjusted The tentative Adjusted But less amount to Plus this Wage But less amount to Plus this Wage At least- than- withhold is: percentage exceeds- At least- than- withhold is: percentage exceeds A B D E A B D E Married Filing Jointly Married Filing Jointly $0 $ 1,033 $ 0.00 0% $0 SO $ 517 $ 0.00 0% $0 $ 1,033 $ 1,856 $ 0.00 10% $ 1,033 $ 517 $ 928 $ 0.00 10% $ 517 $ 1,856 $4,377 $ 82.30 12% $ 1,856 $ 928 $ 2,189 $ 41.10 12% $ 928 $ 4377 $ 8,160 $384.82 22% $ 4,377 $ 2,189 $ 4,080 $ 192.42 22% $ 2.189 $ 8.160 $ 14,642 $ 1,217.08 24% $ 8,160 $ 4,080 $ 7,321 $ 608.44 24% $ 4.080 $ 14,642 $ 18,313 $ 2.772.76 32% $ 14,642 $7,321 $ 9,156 $1,386.28 32% $ 7,321 $ 18,313 $ 26,952 $ 3,947.48 35% $ 18,313 $ 9,156 $ 13,476 $ 1,973.48 35% $9,156 $ 26,952 $ 6,971.13 37% $ 26,952 $ 13,476 $3,485.48 37% $ 13,476 Single or Married Filing Separately Single or Married Filing Separately $0 $ 517 $ 0.00 0% $0 SO $ 258 $ 0.00 0% SO $ 517 $ 928 $ 0.00 10% $ 517 $ 258 $ 464 $ 0.00 10% $ 258 $ 928 $ 2.189 $ 41.10 12% $ 928 $ 464 $ 1,094 $ 20.60 12% $ 464 $ 2,189 $ 4,080 $ 192.42 22% $ 2,189 $ 1,094 $ 2,040 $ 96.20 22% $ 1,094 $ 4.080 $ 7,321 $ 608.44 24% $ 4,080 $ 2,040 $ 3,660 $ 304.32 24% $ 2,040 $7,321 $ 9,156 $ 1,386.28 32% $ 7.321 $ 3,660 $ 4,578 $ 693.12 32% $ 3,660 $ 9,156 $ 22,117 $ 1,973.48 35% $9,156 $ 4,578 $ 11,058 $ 986.88 35% $ 4,578 $ 22,117 $6,509.83 37% $ 22,117 $ 11,058 $3,254.88 37% $ 11,058 Head of Household Head of Household $0 $ 777 $ 0.00 0% $0 SO $ 389 $ 0.00 0% SO $ 777 $ 1,365 10% $ 777 $ 389 $ 682 $ 0.00 10% $ 389 $ 1,365 $ 3,015 $ 58.80 12% $ 1,365 $ 682 $ 1,507 $ 29.30 12% $ 682 $ 3,015 $ 4,340 $ 256.80 22% $ 3,015 $ 1,507 $ 2,170 $ 128.30 22% $ 1,507 $ 4,340 $ 7,581 $ 548.30 24% $ 4,340 $ 2.170 $ 3,791 $ 274.16 24% $ 2,170 $ 7,581 $ 9,417 $ 1,326.14 32% $ 7,581 $ 3,791 $ 4,708 $ 663.20 32% $ 3,791 $ 9,417 $ 22,377 $ 1,913.66 35% $ 9,417 $ 4,708 $ 11,189 $ 956.64 35% $ 4,708 $ 22,377 $ 6,449.66 37% $ 22,377 $ 11,189 $3,224.99 37% $ 11,189 lo $ 0.00 2020 Percentage Method Tables for Manual Payroll Systems With Forms W-4 From 2020 or Later MONTHLY Payroll Period STANDARD Withholding Rate Schedules Form W-4, Step 2, Checkbox, Withholding Rate Schedules (Use these if the box in Step 2 of Form W-4 is NOT checked) (Use these if the box in Step 2 of Form W-4 IS checked) If the Adjusted Wage Amount of the amount If the Adjusted Wage Amount of the amount (line 1h) is: that the (line 1h) is: that the The tentative Adjusted The tentative Adjusted But less amount to Plus this Wage But less amount to Plus this Wage At least- than- withhold is: percentage exceeds- At least- than- withhold is: percentage exceeds A B D E A B D E Married Filing Jointly Married Filing Jointly SO $ 2,067 $ 0.00 0% $0 $0 $ 1,033 $ 0.00 0% SO $ 2.067 $ 3,713 $ 0.00 10% $ 2,067 $ 1,033 $ 1,856 $ 0.00 10% $ 1,033 $3,713 $ 8,754 $ 164.60 12% $3,713 $ 1,856 $ 4,377 $ 82.30 12% $ 1,856 $ 8,754 $ 16,321 $ 769.52 22% S 8,754 $4,377 $ 8,160 $ 384.82 22% $4,377 $ 16,321 $ 29,283 $ 2,434.26 24% $ 16,321 $ 8.160 $ 14,642 $ 1,217.08 24% $ 8,160 $ 29,283 S 36,625 $5,545.14 32% $ 29,283 $ 14,642 $ 18,313 $ 2,772.76 32% $ 14,642 S 36,625 $ 53,904 $ 7,894.58 35% $ 36,625 $ 18,313 $ 26,952 $ 3,947.48 35% $ 18,313 $ 53,904 $ 13,942.23 37% $ 53,904 $ 26,952 $ 6,971.13 37% $ 26,952 Single or Married Filing Separately Single or Married Filing Separately SO $ 1,033 $ 0.00 0% SO SO $ 517 $ 0.00 0% SO $ 1,033 $ 1,856 $ 0.00 10% $ 1,033 $ 517 $ 928 $ 0.00 10% $ 517 $ 1.856 $ 4,377 $ 82.30 12% $ 1,856 $ 928 $ 2.189 $ 41.10 12% $ 928 $ 4,377 $ 8,160 $ 384.82 22% $ 4,377 $ 2,189 $ 4,080 $ 192.42 22% $ 2.189 $ 8,160 $ 14,642 $ 1,217.08 24% $ 8,160 $ 4,080 $ 7,321 $ 608.44 24% $ 4,080 $ 14,642 $ 18,313 $ 2,772.76 32% $ 14,642 $ 7,321 $ 9,156 $ 1,386.28 32% $ 7,321 $ 18,313 $ 44,233 $ 3,947.48 35% $ 18,313 $ 9,156 $ 22.117 $ 1,973.48 35% $ 9,156 $ 44,233 $ 13,019.48 37% $ 44,233 $ 22,117 $ 6,509.83 37% $ 22,117 Head of Household Head of Household SO $ 1,554 $ 0.00 0% SO $0 $ 777 $ 0.00 0% SO $ 1,554 $ 2,729 $ 0.00 10% $ 1,554 $ 777 $ 1,365 $ 0.00 10% $ 777 $ 2.729 $ 6,029 $ 117.50 12% $ 2,729 $1,365 $3,015 $ 58.80 12% $ 1,365 $ 6,029 $ 8,679 $ 513.50 22% $6,029 $ 3,015 $ 4,340 $ 256.80 22% $ 3,015 $ 8.679 $ 15,163 $ 1,096.50 24% $ 8.679 $ 4,340 $ 7,581 $ 548.30 24% $ 4,340 $ 15,163 $ 18,833 $ 2,652.66 32% $ 15,163 $ 7,581 $ 9,417 $ 1,326.14 32% $ 7,581 $ 18,833 $ 44,754 $ 3,827.06 35% $ 18,833 $ 9,417 $ 22,377 $ 1,913.66 35% $ 9,417 $ 44,754 $ 12,899.41 37% $ 44,754 $ 22,377 $ 6,449.66 37% $ 22,377Step by Step Solution
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