Question
Rhonda Brennan found her first job after graduating from college through the classifieds of the Miami Herald . She was delighted when the offer came
Rhonda Brennan found her first job after graduating from college through the classifieds of the Miami Herald. She was delighted when the offer came through at $14.10 per hour. She completed her W-4 stating that she is married filing jointly. Her company will pay her biweekly for 80 hours (assume a tax rate of 6.2% on $142,800 for Social Security and 1.45% for Medicare).
Calculate her take-home pay for her first check. (Use Table 9.1)
Note: Round your answer to the nearest cent.
TABLE 9.1
Percentage method income tax withholding schedules
2021 Percentage Method Tables
STANDARD Withholding Rate Schedules
(Use these if the box in Step 2 of Form W-4 is NOT checked)
TABLE 1WEEKLY Payroll Period | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
At least | But less than | The tentative amount to withhold is: | Plus this percentage | of the amount that the Adjusted Wage exceeds | At least | But less than | The tentative amount to withhold is: | Plus this percentage | of the amount that the Adjusted Wage exceeds | At least | But less than | The tentative amount to withhold is: | Plus this percentage | of the amount that the Adjusted Wage exceeds |
A | B | C | D | E | A | B | C | D | E | A | B | C | D | E |
Married Filing Jointly | Single or Married Filing Separately | Head of Household | ||||||||||||
$ 0 | $ 483 | $ 0.00 | 0% | $ 0 | $ 0 | $ 241 | $ 0.00 | 0% | $ 0 | $ 0 | $ 362 | $ 0.00 | 0% | $ 0 |
$ 483 | $ 865 | $ 0.00 | 10% | $ 483 | $ 241 | $ 433 | $ 0.00 | 10% | $ 241 | $ 362 | $ 635 | $ 0.00 | 10% | $ 362 |
$ 865 | $ 2,041 | $ 38.20 | 12% | $ 865 | $ 433 | $ 1,021 | $ 19.20 | 12% | $ 433 | $ 635 | $ 1,404 | $ 27.30 | 12% | $ 635 |
$ 2,041 | $ 3,805 | $ 179.32 | 22% | $ 2,041 | $ 1,021 | $ 1,902 | $ 89.76 | 22% | $ 1,021 | $ 1,404 | $ 2,022 | $ 119.58 | 22% | $ 1,404 |
$ 3,805 | $ 6,826 | $ 567.40 | 24% | $ 3,805 | $ 1,902 | $ 3,413 | $ 283.58 | 24% | $ 1,902 | $ 2,022 | $ 3,533 | $ 255.54 | 24% | $ 2,022 |
$ 6,826 | $ 8,538 | $ 1,292.44 | 32% | $ 6,826 | $ 3,413 | $ 4,269 | $ 646.22 | 32% | $ 3,413 | $ 3,533 | $ 4,388 | $ 618.18 | 32% | $ 3,533 |
$ 8,538 | $ 12,565 | $ 1,840.28 | 35% | $ 8,538 | $ 4,269 | $ 10,311 | $ 920.14 | 35% | $ 4,269 | $ 4,388 | $ 10,431 | $ 891.78 | 35% | $ 4,388 |
$ 12,565 | $ 3,249.73 | 37% | $ 12,565 | $ 10,311 | $ 3,034.84 | 37% | $ 10,311 | $ 10,431 | $ 3,006.83 | 37% | $ 10,431 |
TABLE 2BIWEEKLY Payroll Period | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
At least | But less than | The tentative amount to withhold is: | Plus this percentage | of the amount that the Adjusted Wage exceeds | At least | But less than | The tentative amount to withhold is: | Plus this percentage | of the amount that the Adjusted Wage exceeds | At least | But less than | The tentative amount to withhold is: | Plus this percentage | of the amount that the Adjusted Wage exceeds |
A | B | C | D | E | A | B | C | D | E | A | B | C | D | E |
Married Filing Jointly | Single or Married Filing Separately | Head of Household | ||||||||||||
$ 0 | $ 965 | $ 0.00 | 0% | $ 0 | $ 0 | $ 483 | $ 0.00 | 0% | $ 0 | $ 0 | $ 723 | $ 0.00 | 0% | $ 0 |
$ 965 | $ 1,731 | $ 0.00 | 10% | $ 965 | $ 483 | $ 865 | $ 0.00 | 10% | $ 483 | $ 723 | $ 1,269 | $ 0.00 | 10% | $ 723 |
$ 1,731 | $ 4,083 | $ 76.60 | 12% | $ 1,731 | $ 865 | $ 2,041 | $ 38.20 | 12% | $ 865 | $ 1,269 | $ 2,808 | $ 54.60 | 12% | $ 1,269 |
$ 4,083 | $ 7,610 | $ 358.84 | 22% | $ 4,083 | $ 2,041 | $ 3,805 | $ 179.32 | 22% | $ 2,041 | $ 2,808 | $ 4,044 | $ 239.28 | 22% | $ 2,808 |
$ 7,610 | $ 13,652 | $ 1,134.78 | 24% | $ 7,610 | $ 3,805 | $ 6,826 | $ 567.40 | 24% | $ 3,805 | $ 4,044 | $ 7,065 | $ 511.20 | 24% | $ 4,044 |
$ 13,652 | $ 17,075 | $ 2,584.86 | 32% | $ 13,652 | $ 6,826 | $ 8,538 | $ 1,292.44 | 32% | $ 6,826 | $ 7,065 | $ 8,777 | $ 1,236.24 | 32% | $ 7,065 |
$ 17,075 | $ 25,131 | $ 3,680.22 | 35% | $ 17,075 | $ 8,538 | $ 20,621 | $ 1,840.28 | 35% | $ 8,538 | $ 8,777 | $ 20,862 | $ 1,784.08 | 35% | $ 8,777 |
$ 25,131 | $ 6,499.82 | 37% | $ 25,131 | $ 20,621 | $ 6,069.33 | 37% | $ 20,621 | $ 20,862 | $ 6,013.83 | 37% | $ 20,862 |
TABLE 3MONTHLY Payroll Period | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
At least | But less than | The tentative amount to withhold is: | Plus this percentage | of the amount that the Adjusted Wage exceeds | At least | But less than | The tentative amount to withhold is: | Plus this percentage | of the amount that the Adjusted Wage exceeds | At least | But less than | The tentative amount to withhold is: | Plus this percentage | of the amount that the Adjusted Wage exceeds |
A | B | C | D | E | A | B | C | D | E | A | B | C | D | E |
Married Filing Jointly | Single or Married Filing Separately | Head of Household | ||||||||||||
$ 0 | $ 2,092 | $ 0.00 | 0% | $ 0 | $ 0 | $ 1,046 | $ 0.00 | 0% | $ 0 | $ 0 | $ 1,567 | $ 0.00 | 0% | $ 0 |
$ 2,092 | $ 3,750 | $ 0.00 | 10% | $ 2,092 | $ 1,046 | $ 1,875 | $ 0.00 | 10% | $ 1,046 | $ 1,567 | $ 2,750 | $ 0.00 | 10% | $ 1,567 |
$ 3,750 | $ 8,846 | $ 165.80 | 12% | $ 3,750 | $ 1,875 | $ 4,423 | $ 82.90 | 12% | $ 1,875 | $ 2,750 | $ 6,083 | $ 118.30 | 12% | $ 2,750 |
$ 8,846 | $ 16,488 | $ 777.32 | 22% | $ 8,846 | $ 4,423 | $ 8,244 | $ 388.66 | 22% | $ 4,423 | $ 6,083 | $ 8,763 | $ 518.26 | 22% | $ 6,083 |
$ 16,488 | $ 29,579 | $ 2,458.56 | 24% | $ 16,488 | $ 8,244 | $ 14,790 | $ 1,229.28 | 24% | $ 8,244 | $ 8,763 | $ 15,308 | $ 1,107.86 | 24% | $ 8,763 |
$ 29,579 | $ 36,996 | $ 5,600.40 | 32% | $ 29,579 | $ 14,790 | $ 18,498 | $ 2,800.32 | 32% | $ 14,790 | $ 15,308 | $ 19,017 | $ 2,678.66 | 32% | $ 15,308 |
$ 36,996 | $ 54,450 | $ 7,973.84 | 35% | $ 36,996 | $ 18,498 | $ 44,679 | $ 3,986.88 | 35% | $ 18,498 | $ 19,017 | $ 45,200 | $ 3,865.54 | 35% | $ 19,017 |
$ 54,450 | $ 14,082.74 | 37% | $ 54,450 | $ 44,679 | $ 13,150.23 | 37% | $ 44,679 | $ 45,200 | $ 13,029.59 | 37% | $ 45,200 |
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