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Question is legit. Can't figure answer out. TABLE 9.1 Percentage method income tax withholding allowances Payroll Period Weekly Biweekly Semimonthly Monthly Quarterly Semiannually Annually Daily
Question is legit. Can't figure answer out.
TABLE 9.1 Percentage method income tax withholding allowances Payroll Period Weekly Biweekly Semimonthly Monthly Quarterly Semiannually Annually Daily or miscellaneous (each day of the payroll period) One Withholding Allowance $ 79.80 159.60 172.90 345.80 1,037.50 2,075.00 4,150.00 16.00 5142 But not over S000 plus 10% Percentage Method Tables for Income Tax Withholding (For Wages Paid In 2018) TABLE I-WEEKLY Payroll Period (a) SINGLE person including head of household)- (b) MARRIED person If the amount of wages If the amount of wages (after subtracting The amount of income tax The amount of income tax withholding allowances) is: to withhold is: withholding allowances) is to withholdis: Not over $71..... SO Nol over $222... SO Over But not over of excess over-Over But not over of excess over- $71 $254.. $0.00 plus 10% -$71 $222 -$588 .. $0.00 plus 10% -$222 $264 $815 $18.30 plus 12% $264 $680 $1,711.. $36.60 plus 12% -$580 $815 $1,658 .. $85.62 plus 22% -5015 $1,711 $3,305 .. $171.36 plus 229 $1,711 $1.050 $3,100 5271.00 plus 24% -61,660 $4,395 -S6,280 .. SS41.84 plus 24% 30.000 $3,100 -53,917 5617.10 plus 32% -$3.100 SE 280 -$7,914 .. $1,234.24 plus 32% -S6.200 $3.917 -59,687 S878.60 plus 35% -$3.917 $7,914 -$11,761 .. $1,757.12 plus 35% -$7,914 $9,687 52.898.10 plus 37% -59.687 $11.701... $3,103.57 plus 37% $11,761 TABLE 2-BIWEEKLY Payroll Period (a) SINGLE person including head of household) (b) MARRIED person- if the amount of wages of the amount of wages (alter subtracting The amount of income tax (altor subtracting The amount of income tex withholding allowances) is to withhold is: withholding allowances) is to withhold is Not over $142 ....... SO Not Over $144.... SO Over- But not over- of excess over Over-. But not over- of excess over- $142 -$500 $0.00 plus 10% -$142 $444 -$1,177 .. $0.00 plus 10% -$444 $509 -$1,631 .. $36.70 plus 12% -5509 $1,177 -53,421 .. 873.30 plus 12% -$1,177 $1,631 -$3,315 5171.34 plus 22% --$1.631 $3,421 -S6,790 .. $342.58 plus 22% -$3.421 $3,315 -$3,200 $541.82 plus 24% -$3,315 56,790 -$12,560.. $1,083.76 plus 24% -56.790 S6.200 -57835 $1 234 22 plus 32% -S6200 S12.560 -$15.829 $2.468.56 plus 32% -$12.560 $7,835 ---$19.373 $1.757.42 plus 35% -57 835 $15,829 -$23.521 $3,514.64 plus 35% -$15.829 $19.373............$5.795.72 plus 37% $19.373 $23.521........... $6.206.84 plus 37% -$23,521 TABLE 2-BIWEEKLY Payroll Period (a) SINGLE person (including head of household)- (b) MARRIED person- if the amount of wages If the amount of wagos (after subtracting The amount of income tax (after subtracting The amount of income tax witholding allowances) is to withhold is: withholding allowances) is to withholdis: Not over $142 30 Not Over $444 SO Over- of excess over-Over- But not over- of excess over -$142 $444 -$1,177 .. $0.00 plus 10% 5509 -$1,531 536.70 plus 12% -5509 $1,177 -$3,421 .. 873.30 plus 12% -$1,177 $1,631 -$3,315 5171.34 plus 22% -$1.631 $3,421 -S6,790 .. $342.58 plus 22% -$3,421 $3,315 -$5,200 $541.82 plus 24% -$3,315 56,790 -$12,560 $1,083.76 plus 24% -$8,790 $6.200 57.835.51 234 22 plus 32% -S6200 $12.580 -$15.829 S2.468.56 plus 32% -$12.560 $7,835 -$19.373. . $1.757.42 plus 35% -57835 S15,829 -523,521 .. $3.514.64 plus 35% -$15.829 $19.373 $5.795.72 plus 37% -$19373 $23.521 $6.206.84 plus 37% -$23.521 TABLE 3-SEMINONTHLY Payroll Period (a) SINGLE person (ncluding head of household)- |(6) MARRIED person- if the amount of wages il the amount of wages (after subtracting The armount of income tax after subtracting The amount of income tax witholding allowances) is to withhold is: withholding allowances) is to withholdis: Not over $154 .... SO Not Over $481 SO Over But not over- of excess over-Over- But not over- of excess over- $154 -$551 sono le 10 -S164 SAR1 -$1,976 Snop 10 -$481 $551 -$1,767 $39.70 plus 12% -$551) $1,275 -53.706 $79.46 plus 12% -S1,275 $1,767 -$3.592 $185.62 plus 229 -$1,767 $2,706 -$7,356.. $371.12 plus 22% -$3,706 $3,592 --$8,717 $587.12 plus 24% -$3.592 $7,356 -$13,606 $1,174.12 plus 24% -$7,356 $6.717 - $8,488.. $1,337 12 plus 32% - $6.717 $13,606 -$17,148 .. $2,674.12 plus 32% $13,606 $8.488 $20,988. . $1,903.84 plus 35% 58.488 $17,148 -$25,481 .. $3,807.56 plus 356 -$17,148 $20.988 $6.278.84 plus 37% $20.988 $26.481 $6,724.11 plus 37% GEG, 401 TABLE 4 MONTHLY Payroll Period (a) SINGLE person including head of household) |(6) MARRIED person- If the amount of wages If the amount of wages (after subtracting The amount of income to (aftoroubtracting The amount of income tax withholding allowances) to withholdis: withholding allowances) is to withholdis: Not over $308 ...... SO Nol over $063 ... SO Over But not over- of excess over-Over But not over of excess over- $308 -$1,100 $0.00 plus 10% -$308 $963 -$2,550 .. $0.00 plus 10% -$963 $1,102 -$3,533 $79.40 plus 12% -$1,102 $2.550 57,413 $158.70 plus 12% -$2,550 $3,533 -S7.183.8371.12 plus 22% -$3.533 37,413 -514,713 $742.26 plus 22% -$7,413 $7.163 -$13.433 $1,174.12 plus 24% -57.183 $14,713 -$27.213. $2,348.20 plus 24% -$14,713 $13,433 -$15,975 $2,674.12 plus 32% -$13.433 $27,213 -$34.290 .. $5,348.26 plus 32% -$21.213 $16.975 -$41,975.. $3,807,56 plus 35% -$16,975 $34,296 -$50,863.. $7,614.82 plus 36% -$34.290 541,975 $12,557.56 pus 37% -$41,975 $50,963 $13,448.27 plus 37% -$50,963 0 Assume a tax rate of 6.2% on $128,400 for Social Security and 1.45% for Medicare. No one will reach the maximum for FICA. Complete the following payroll register. (Use the percentage method to calculate FIT for this weekly period.) (Use Table 9.1 and Table 9.2). (Do not round intermediate calculations and round your final answers to the nearest cent.) FICA Employee Marital status Allowances claimed Gross pay FIT S.S. Med. Net pay Pat Brown M 4 $ 1,900Step by Step Solution
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