Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Saleh is married (spouse does not work), claims two dependents who are under the age of 17. What is the amount of federal income tax

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

Saleh is married (spouse does not work), claims two dependents who are under the age of 17. What is the amount of federal income tax withholding under the following conditions? Assume Saleh has only one job or that step 2 of Form W-4 is not checked. Use the Percentage Method Tables for Manual Payroll Systems with Forms W-4 from 2020 or Later. Required: a. Saleh is paid semimonthly, and the gross pay is $3,705 per paycheck. b. Saleh is paid monthly, and the gross pay is $6,970 per paycheck. c. Saleh is paid weekly, and the gross pay is $5,020 per paycheck. Note: For all requirements, round your intermediate computations and final answers to 2 decimal places. Answer is complete but not entirely correct. \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{10}{|c|}{2021 Percentage Method Tables for Manual Payroll Systems With Forms W-4 From 2020 or Later } \\ \hline \multicolumn{10}{|c|}{ WEEKLY Payroll Period } \\ \hline \multicolumn{5}{|c|}{\begin{tabular}{c} STANDARD Withholding Rate Schedules \\ (Use these if the box in Step 2 of Form W-4 is NOT checked) \end{tabular}} & \multicolumn{5}{|c|}{\begin{tabular}{c} Form W-4, Step 2, Checkbox, Withholding Rate Schedules \\ (Use these if the box in Step 2 of Form W-4 IS checked) \end{tabular}} \\ \hline \multicolumn{2}{|c|}{\begin{tabular}{l} If the Adjusted Wage Amount \\ (line lh) is: \end{tabular}} & \multirow{2}{*}{\begin{tabular}{l} The tentative \\ amount to \\ withhold is: \end{tabular}} & \multirow[b]{2}{*}{\begin{tabular}{l} Plus this \\ percentage- \end{tabular}} & \multirow{2}{*}{\begin{tabular}{l} of the amount that \\ the Adjusted Wage \\ exceeds- \end{tabular}} & \multicolumn{2}{|c|}{\begin{tabular}{l} If the Adjusted Wage Amount \\ (line lh) is: \end{tabular}} & \multirow{2}{*}{\begin{tabular}{l} The tentative \\ amount to \\ withhold is: \end{tabular}} & \multirow[b]{2}{*}{\begin{tabular}{l} Plus this \\ percentage- \end{tabular}} & \multirow{2}{*}{\begin{tabular}{l} of the amount that \\ the Adjusted Wage \\ exceeds-- \end{tabular}} \\ \hline At least- & \begin{tabular}{l} But less than \\ - \end{tabular} & & & & At least- & But less than & & & \\ \hline A & B & C & D & E & A & B & C & D & E \\ \hline \multicolumn{5}{|c|}{ Married Filing Jointly } & \multicolumn{5}{|c|}{ Married Filing Jointly } \\ \hline$0 & $483 & $0.00 & 0% & \$0 & $0 & $241 & $0.00 & 0% & S0 \\ \hline$483 & $865 & $0.00 & 10% & $483 & $241 & $433 & $0.00 & 10% & $241 \\ \hline$865 & $2,041 & $38.20 & 12% & $865 & $433 & $1,021 & $19.20 & 12% & $433 \\ \hline$2,041 & $3,805 & \$ 179.32 & 22% & $2,041 & $1,021 & $1,902 & $89.76 & 22% & $1,021 \\ \hline$3,805 & $6,826 & $567.40 & 24% & $3,805 & $1,902 & $3,413 & $283.58 & 24% & $1,902 \\ \hline$6,826 & $8,538 & $1,292.44 & 32% & $6,826 & $3,413 & $4,269 & $646.22 & 32% & $3,413 \\ \hline$8,538 & \$ 12,565 & $1,840.28 & 35% & $8,538 & $4,269 & $6,283 & $920.14 & 35% & $4,269 \\ \hline$12,565 & & $3,249.73 & 37% & $12,565 & $6,283 & & $1,625.04 & 37% & $6,283 \\ \hline \multicolumn{5}{|c|}{ Single or Married Filing Separately } & \multicolumn{5}{|c|}{ Single or Married Filing Separately } \\ \hline$0 & $241 & $0.00 & 0% & S0 & $0 & $121 & $0.00 & 0% & $0 \\ \hline$241 & $433 & $0.00 & 10% & $241 & $121 & $216 & $0.00 & 10% & $121 \\ \hline$433 & $1,021 & $19.20 & 12% & $433 & $216 & $510 & $9.50 & 12% & $216 \\ \hline$1,021 & $1,902 & $89.76 & 22% & $1,021 & $510 & $951 & $44.78 & 22% & $510 \\ \hline$1,902 & $3,413 & $283.58 & 24% & $1,902 & $951 & $1,706 & $141.80 & 24% & $951 \\ \hline$3,413 & $4,269 & $646.22 & 32% & $3,413 & $1,706 & $2,134 & $323.00 & 32% & $1,706 \\ \hline$4,269 & $10,311 & $920.14 & 35% & $4,269 & $2,134 & $5,155 & $459.96 & 35% & $2,134 \\ \hline$10,311 & & $3,034.84 & 37% & $10,311 & $5,155 & & $1,517.31 & 37% & $5,155 \\ \hline \multicolumn{5}{|c|}{ Head of Household } & \multicolumn{5}{|c|}{ Head of Household } \\ \hline$0 & $362 & $0.00 & 0% & S0 & $0 & $181 & $0.00 & 0% & S0 \\ \hline$362 & $635 & $0.00 & 10% & $362 & $181 & $317 & $0.00 & 10% & $181 \\ \hline$635 & $1,404 & $27.30 & 12% & $635 & $317 & $702 & $13.60 & 12% & $317 \\ \hline$1,404 & $2,022 & \$ 119.58 & 22% & $1,404 & $702 & $1,011 & $59.80 & 22% & $702 \\ \hline$2,022 & $3,533 & $255.54 & 24% & $2,022 & $1,011 & $1,766 & $127.78 & 24% & $1,011 \\ \hline$3,533 & $4,388 & $618.18 & 32% & $3,533 & $1,766 & $2,194 & $308.98 & 32% & $1,766 \\ \hline$4,388 & $10,431 & $891.78 & 35% & $4,388 & $2,194 & $5,215 & $445.94 & 35% & $2,194 \\ \hline$10,431 & & $3,006.83 & 37% & $10,431 & $5,215 & & $1,503.29 & 37% & $5,215 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{10}{|c|}{2021 Percentage Method Tables for Manual Payroll Systems With Forms W-4 From 2020 or Later } \\ \hline \multicolumn{10}{|c|}{ SEMIMONTHLY Payroll Period } \\ \hline \multicolumn{5}{|c|}{\begin{tabular}{l} STANDARD Withholding Rate Schedules \\ (Use these if the box in Step 2 of Form W-4 is NOT checked) \end{tabular}} & \multicolumn{5}{|c|}{\begin{tabular}{c} Form W-4, Step 2, Checkbox, Withholding Rate Schedules \\ (Use these if the box in Step 2 of Form W-4 IS checked) \end{tabular}} \\ \hline \multicolumn{2}{|c|}{\begin{tabular}{l} If the Adjusted Wage Amount \\ (line lh) is: \end{tabular}} & \multirow{2}{*}{\begin{tabular}{l} The tentative \\ amount to \\ withhold is: \end{tabular}} & \multirow[b]{2}{*}{\begin{tabular}{l} Plus this \\ percentage- \end{tabular}} & \multirow{2}{*}{\begin{tabular}{l} of the amount that \\ the Adjusted Wage \\ exceeds- \end{tabular}} & \multicolumn{2}{|c|}{\begin{tabular}{l} If the Adjusted Wage Amount \\ (line lh) is: \end{tabular}} & \multirow{2}{*}{\begin{tabular}{l} The tentative \\ amount to \\ withhold is: \end{tabular}} & \multirow[b]{2}{*}{\begin{tabular}{l} Plus this \\ percentage- \end{tabular}} & \multirow{2}{*}{\begin{tabular}{l} of the amount that \\ the Adjusted Wage \\ exceeds- \end{tabular}} \\ \hline At least- & But less than & & & & At least- & But less than & & & \\ \hline A & B & C & D & E & A & B & C & D & E \\ \hline \multicolumn{5}{|c|}{ Married Filing Jointly } & \multicolumn{5}{|c|}{ Married Filing Jointly } \\ \hline$0 & $1,046 & $0.00 & 0% & \$0 & $0 & $523 & $0.00 & 0% & S0 \\ \hline$1,046 & $1,875 & $0.00 & 10% & $1,046 & $523 & $938 & $0.00 & 10% & $523 \\ \hline$1,875 & $4,423 & $82.90 & 12% & $1,875 & $938 & $2,211 & $41.50 & 12% & $938 \\ \hline$4,423 & $8,244 & $388.66 & 22% & $4,423 & $2,211 & $4,122 & $194.26 & 22% & $2,211 \\ \hline$8,244 & $14,790 & $1,229.28 & 24% & $8,244 & $4,122 & $7,395 & $614.68 & 24% & $4,122 \\ \hline$14,790 & $18,498 & $2,800.32 & 32% & $14,790 & $7,395 & $9,249 & $1,400.20 & 32% & $7,395 \\ \hline$18,498 & $27,225 & $3,986.88 & 35% & \$ 18,498 & $9,249 & $13,613 & $1,993.48 & 35% & $9,249 \\ \hline$27,225 & & $7,041.33 & 37% & $27,225 & $13,613 & & $3,520.88 & 37% & \$ 13,613 \\ \hline \multicolumn{5}{|c|}{ Single or Married Filing Separately } & \multicolumn{5}{|c|}{ Single or Married Filing Separately } \\ \hline$0 & $523 & $0.00 & 0% & S0 & $0 & $261 & $0.00 & 0% & \$0 \\ \hline$523 & $938 & $0.00 & 10% & $523 & $261 & $469 & $0.00 & 10% & $261 \\ \hline$938 & $2,211 & $41.50 & 12% & $938 & $469 & $1,106 & $20.80 & 12% & $469 \\ \hline$2,211 & $4,122 & \$ 194.26 & 22% & $2,211 & $1,106 & $2,061 & $97.24 & 22% & $1,106 \\ \hline$4,122 & $7,395 & $614.68 & 24% & $4,122 & $2,061 & $3,697 & $307.34 & 24% & $2,061 \\ \hline$7,395 & $9,249 & $1,400.20 & 32% & $7,395 & $3,697 & $4,624 & $699.98 & 32% & $3,697 \\ \hline$9,249 & $22,340 & $1,993.48 & 35% & $9,249 & $4,624 & $11,170 & \$996.62 & 35% & $4,624 \\ \hline$22,340 & & $6,575.33 & 37% & $22,340 & $11,170 & & $3,287.72 & 37% & $11,170 \\ \hline \multicolumn{5}{|c|}{ Head of Household } & \multicolumn{5}{|c|}{ Head of Household } \\ \hline$0 & $783 & $0.00 & 0% & S0 & $0 & $392 & $0.00 & 0% & \$0 \\ \hline$783 & $1,375 & $0.00 & 10% & $783 & $392 & $688 & $0.00 & 10% & $392 \\ \hline$1,375 & $3,042 & $59.20 & 12% & $1,375 & $688 & $1,521 & $29.60 & 12% & $688 \\ \hline$3,042 & $4,381 & $259.24 & 22% & $3,042 & $1,521 & $2,191 & \$ 129.56 & 22% & $1,521 \\ \hline$4,381 & $7,654 & $553.82 & 24% & $4,381 & $2,191 & $3,827 & $276.96 & 24% & $2,191 \\ \hline$7,654 & $9,508 & $1,339.34 & 32% & $7,654 & $3,827 & $4,754 & $669.60 & 32% & $3,827 \\ \hline$9,508 & $22,600 & $1,932.62 & 35% & $9,508 & $4,754 & $11,300 & $966.24 & 35% & $4,754 \\ \hline$22,600 & & $6,514.82 & 37% & $22,600 & $11,300 & & $3,257.34 & 37% & $11,300 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{10}{|c|}{2021 Percentage Method Tables for Manual Payroll Systems With Forms W-4 From 2020 or Later } \\ \hline \multicolumn{10}{|c|}{ MONTHLY Payroll Period } \\ \hline \multicolumn{5}{|c|}{\begin{tabular}{l} STANDARD Withholding Rate Schedules \\ (Use these if the box in Step 2 of Form W-4 is NOT checked) \end{tabular}} & \multicolumn{5}{|c|}{\begin{tabular}{c} Form W-4, Step 2, Checkbox, Withholding Rate Schedules \\ (Use these if the box in Step 2 of Form W-4 IS checked) \end{tabular}} \\ \hline \multicolumn{2}{|c|}{\begin{tabular}{l} If the Adjusted Wage Amount \\ (line lh) is: \end{tabular}} & \multirow{2}{*}{\begin{tabular}{l} The tentative \\ amount to \\ withhold is: \end{tabular}} & \multirow[b]{2}{*}{\begin{tabular}{l} Plus this \\ percentage \end{tabular}} & \multirow{2}{*}{\begin{tabular}{l} of the amount that \\ the Adjusted Wage \\ exceeds- \end{tabular}} & \multicolumn{2}{|c|}{\begin{tabular}{l} If the Adjusted Wage Amount \\ (line lh) is: \end{tabular}} & \multirow{2}{*}{\begin{tabular}{l} The tentative \\ amount to \\ withhold is: \end{tabular}} & \multirow[b]{2}{*}{\begin{tabular}{l} Plus this \\ percentage- \end{tabular}} & \multirow{2}{*}{\begin{tabular}{l} of the amount that \\ the Adjusted Wage \\ exceeds- \end{tabular}} \\ \hline At least- & But less than & & & & At least- & But less than & & & \\ \hline A & B & C & D & E & A & B & C & D & E \\ \hline \multicolumn{5}{|c|}{ Married Filing Jointly } & \multicolumn{5}{|c|}{ Married Filing Jointly } \\ \hline$0 & $2,092 & $0.00 & 0% & \$0 0 & $0 & $1,046 & $0.00 & 0% & S0 0 \\ \hline$2,092 & $3,750 & $0.00 & 10% & $2,092 & $1,046 & $1,875 & $0.00 & 10% & $1,046 \\ \hline$3,750 & $8,846 & \$ 165.80 & 12% & $3,750 & $1,875 & $4,423 & $82.90 & 12% & $1,875 \\ \hline$8,846 & $16,488 & $777.32 & 22% & $8,846 & $4,423 & $8,244 & $388.66 & 22% & $4,423 \\ \hline$16,488 & $29,579 & $2,458.56 & 24% & $16,488 & $8,244 & $14,790 & $1,229.28 & 24% & $8,244 \\ \hline$29,579 & $36,996 & $5,600.40 & 32% & $29,579 & $14,790 & $18,498 & $2,800.32 & 32% & \$ 14,790 \\ \hline$36,996 & $54,450 & S 7,973.84 & 35% & $36,996 & $18,498 & $27,225 & $3,986.88 & 35% & \$ 18,498 \\ \hline$54,450 & & \$ 14,082.74 & 37% & $54,450 & $27,225 & & $7,041.33 & 37% & $27,225 \\ \hline \multicolumn{5}{|c|}{ Single or Married Filing Separately } & \multicolumn{5}{|c|}{ Single or Married Filing Separately } \\ \hline$0 & $1,046 & $0.00 & 0% & S0 & $0 & $523 & $0.00 & 0% & S0 \\ \hline$1,046 & $1,875 & $0.00 & 10% & $1,046 & $523 & $938 & $0.00 & 10% & $523 \\ \hline$1,875 & $4,423 & $82.90 & 12% & $1,875 & $938 & $2,211 & $41.50 & 12% & $938 \\ \hline$4,423 & $8,244 & $388.66 & 22% & $4,423 & $2,211 & $4,122 & \$194.26 & 22% & $2,211 \\ \hline$8,244 & $14,790 & $1,229.28 & 24% & $8,244 & $4,122 & $7,395 & $614.68 & 24% & $4,122 \\ \hline$14,790 & $18,498 & $2,800.32 & 32% & $14,790 & $7,395 & $9,249 & $1,400.20 & 32% & $7,395 \\ \hline$18,498 & $44,679 & $3,986.88 & 35% & $18,498 & $9,249 & $22,340 & $1,993.48 & 35% & $9,249 \\ \hline$44,679 & & $13,150.23 & 37% & $44,679 & $22,340 & & $6,575.33 & 37% & $22,340 \\ \hline \multicolumn{5}{|c|}{ Head of Household } & \multicolumn{5}{|c|}{ Head of Household } \\ \hline$0 & $1,567 & $0.00 & 0% & S0 & $0 & $783 & $0.00 & 0% & S0 \\ \hline$1,567 & $2,750 & $0.00 & 10% & $1,567 & $783 & $1,375 & $0.00 & 10% & $783 \\ \hline$2,750 & $6,083 & $118.30 & 12% & $2,750 & $1,375 & $3,042 & $59.20 & 12% & $1,375 \\ \hline$6,083 & $8,763 & $518.26 & 22% & $6,083 & $3,042 & $4,381 & $259.24 & 22% & $3,042 \\ \hline$8,763 & $15,308 & \$ 1,107.86 & 24% & $8,763 & $4,381 & $7,654 & $553.82 & 24% & $4,381 \\ \hline$15,308 & $19,017 & $2,678.66 & 32% & $15,308 & $7,654 & $9,508 & $1,339.34 & 32% & $7,654 \\ \hline$19,017 & $45,200 & $3,865.54 & 35% & \$ 19,017 & $9,508 & $22,600 & $1,932.62 & 35% & $9,508 \\ \hline$45,200 & & $13,029.59 & 37% & $45,200 & $22,600 & & $6,514.82 & 37% & $22,600 \\ \hline \end{tabular}

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_2

Step: 3

blur-text-image_3

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

Government Audit An Effective Tool For The Anti Corruption Struggle In The New Era Of Chinas Governance

Authors: Bowen Zou, Yanzhe Dr. Zhang, Yang Dr. ZHAO, Jian Dr. Zhang

1st Edition

1844646068, 978-1844646067

More Books

Students also viewed these Accounting questions