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Problem 5-6A (Algo) Wynne and Associates has employees with pay schedules that vary based on job classification. Use Figure 5.4. Required: Compute the Federal income
Problem 5-6A (Algo) Wynne and Associates has employees with pay schedules that vary based on job classification. Use Figure 5.4. Required: Compute the Federal income tax withholding for each employee using the percentage method in Appendix C. Assume that no pre-tax deductions exist for any employee. (Round your intermediate calculations and final answers to 2 decimal places.) Answer is complete but not entirely correct. Marital Status S No. of Exemptions 1 Pay Frequency Weekly Pay Amount $ 4,200 Federal Income Tax 53,055.00 X $ S 5 Monthly $ 21,000 $ 65,095.00 X Employee S. Turner D McGorray A. Kennedy R. Thomas M 9 Daily $ 1,100 $ 96,502.50 x M 6 Annually $ 120,000 $ 17,980.00 X
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