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Posted on Jul 13, 2024

scedu-my.sharepoint.com c C + w Search the UW * Excel 1100-MONTH-NOTE-RAY ADJI... Search Textbook Solutions Ch... 1103-IAS-WITHHOLDING 1103-IS-WITHHOLDING.xlsx ::: Excel 1103-IRS-WITHHOLDING - Saved O Search

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scedu-my.sharepoint.com c C + w Search the UW * Excel 1100-MONTH-NOTE-RAY ADJI... Search Textbook Solutions Ch... 1103-IAS-WITHHOLDING 1103-IS-WITHHOLDING.xlsx ::: Excel 1103-IRS-WITHHOLDING - Saved O Search TR File Home Insert Formulas Data Review View Help Open in Desktop App Editing Share Comments 2 Calibr .00 B A v TH 5 Picture 1 A B E I L L M N P o R c D $2.957.85 plus 37% S S F -$9,887 $12,003 j -$12.003 H $3.167.52 plus 37% $9,887 21 22 23 24 25 26 27 Janet earned a salary of $900 this week and claims 2 withholding exemptions. 1 What is the amount for ONE withholding exemption (see table 5, column 2)? (Note: Janet gets paid WEEKLY) 0 2 Given the number of exemptions for Janet, how much is her income reduced 0 3 What is the amount subject to withholding? 0 4 What is the base amount of the tax (see column 3 of table 1)? ) 29 30 31 32 33 34 35 36 37 TODDO O 0 5 What is the rate on the excess amount? (See Table 1, column 3) 0 6 What is the amount of income tax for the employer to withhold? 0 BASE ITEM 4 $0.00 TAX % ITEM 5 0.00% + AMT SUBJ WH TIMES (ITEM 3 *7 $0.00 LOWER LIMIT) MINUS LOWER LIMIT) TAX CALCULATION: + $260 39 40 41 42 43 44 45 46 47 48 49 50 ALT-IRS-WITHHOLDING + Calculation Mode: Automatic Workbook Statistics Give Feedback to Microsoft - 100% + O Search ... H All 0 scedu-my.sharepoint.com c w Search the UW * Excel 1100-MONTH-NOTE-RAY ADJI... Search Textbook Solutions Ch... 1103-IAS-WITHHOLDING 1103-IS-WITHHOLDING.xlsx ::: Excel 1103-IRS-WITHHOLDING - Saved TR File Home Insert Formulas Data Review View Help Open in Desktop Apo Editing Share Comments .00 2 Calibr B 27 or 4 Picture 1 B c D E F G H H I ] L M N P Q R S S 1 2 SCORE: 0 16 3 ALT-IRS-WITHHOLDING 4 5 Choose Exercise (1-5) 6 7 8 Percentage Method Tables for Income Tax Withholding Table 5. Percentage Method2019 Amount 9 for One Wi Picture ding Allowance 10 (For Wages Paid in 2019) Payroll Period One withholding 11 TABLE 1-WEEKLY Payroll Period 12 Weekly 80.80 13 (a) SINGLE person (including head of household) (b) MARRIED person- Biweekly 161.50 If the amount of wages If the amount of wages Semimonthly 175.00 14 (after subtracting The amount of income tax (after subtracting The amount of income tax 350.00 withholding allowances) is: to withhold is: Monthly withholding allowances) is: to withhold is: 15 Not over $73 $0 Not over $227 Quarterly SO 16 Over- But not over- 2,100.00 Semiannually of excess over-Over- But not over- of excess over- $73 17 ---$260 $0.00 plus 10% -$73 $227 -$600 $0.00 plus 10% Annually - $227 4,200.00 $260 -5832 $18.70 plus 12% -$260 S600 -$1,745 $37.30 plus 12% -5600 Daily or miscellaneous (each day of the payroll 18 $832 $1,692 $87.34 plus 22% -5832 $1.745 -$3,465 $174.70 plus 22% -$1,745 period) 16.20 19 $1,692 -$3,164 $276.54 plus 24% -$1,692 $3,465 -$6.409 5553.10 plus 24% -$3.465 $3,164 -$3,998 $629.82 plus 32% -$3,164 $6,409 -$8.077 $1,259.66 plus 32% - $6.409 20 $3,998 -$9,887 $896.70 plus 35% -$3.998 $8,077 -$12.003 $1.793.42 plus 35% - $8.077 21 $9,887 $2,95785 plus 37% -$9,887 $12,003 $3,167.52 plus 37% -$12.003 22 23 Janet earned a salary of $900 this week and claims 2 withholding exemptions. 24 1 What is the amount for ONE withholding exemption (see table 5, column 2)? 0 25 (Note: Janet gets paid WEEKLY) 26 27 2 Given the number of exemptions for Janet, how much is her income reduced 0 0 28 29 3 What is the amount subject to withholding? 0 30 1.050.00 ALT-IRS-WITHHOLDING + Calculation Mode: Automatic Workboak Statistics Give Feedback to Microsoft - 100% + scedu-my.sharepoint.com c C + w Search the UW * Excel 1100-MONTH-NOTE-RAY ADJI... Search Textbook Solutions Ch... 1103-IAS-WITHHOLDING 1103-IS-WITHHOLDING.xlsx ::: Excel 1103-IRS-WITHHOLDING - Saved O Search TR File Home Insert Formulas Data Review View Help Open in Desktop App Editing Share Comments 2 Calibr .00 B A v TH 5 Picture 1 A B E I L L M N P o R c D $2.957.85 plus 37% S S F -$9,887 $12,003 j -$12.003 H $3.167.52 plus 37% $9,887 21 22 23 24 25 26 27 Janet earned a salary of $900 this week and claims 2 withholding exemptions. 1 What is the amount for ONE withholding exemption (see table 5, column 2)? (Note: Janet gets paid WEEKLY) 0 2 Given the number of exemptions for Janet, how much is her income reduced 0 3 What is the amount subject to withholding? 0 4 What is the base amount of the tax (see column 3 of table 1)? ) 29 30 31 32 33 34 35 36 37 TODDO O 0 5 What is the rate on the excess amount? (See Table 1, column 3) 0 6 What is the amount of income tax for the employer to withhold? 0 BASE ITEM 4 $0.00 TAX % ITEM 5 0.00% + AMT SUBJ WH TIMES (ITEM 3 *7 $0.00 LOWER LIMIT) MINUS LOWER LIMIT) TAX CALCULATION: + $260 39 40 41 42 43 44 45 46 47 48 49 50 ALT-IRS-WITHHOLDING + Calculation Mode: Automatic Workbook Statistics Give Feedback to Microsoft - 100% + O Search ... H All 0 scedu-my.sharepoint.com c w Search the UW * Excel 1100-MONTH-NOTE-RAY ADJI... Search Textbook Solutions Ch... 1103-IAS-WITHHOLDING 1103-IS-WITHHOLDING.xlsx ::: Excel 1103-IRS-WITHHOLDING - Saved TR File Home Insert Formulas Data Review View Help Open in Desktop Apo Editing Share Comments .00 2 Calibr B 27 or 4 Picture 1 B c D E F G H H I ] L M N P Q R S S 1 2 SCORE: 0 16 3 ALT-IRS-WITHHOLDING 4 5 Choose Exercise (1-5) 6 7 8 Percentage Method Tables for Income Tax Withholding Table 5. Percentage Method2019 Amount 9 for One Wi Picture ding Allowance 10 (For Wages Paid in 2019) Payroll Period One withholding 11 TABLE 1-WEEKLY Payroll Period 12 Weekly 80.80 13 (a) SINGLE person (including head of household) (b) MARRIED person- Biweekly 161.50 If the amount of wages If the amount of wages Semimonthly 175.00 14 (after subtracting The amount of income tax (after subtracting The amount of income tax 350.00 withholding allowances) is: to withhold is: Monthly withholding allowances) is: to withhold is: 15 Not over $73 $0 Not over $227 Quarterly SO 16 Over- But not over- 2,100.00 Semiannually of excess over-Over- But not over- of excess over- $73 17 ---$260 $0.00 plus 10% -$73 $227 -$600 $0.00 plus 10% Annually - $227 4,200.00 $260 -5832 $18.70 plus 12% -$260 S600 -$1,745 $37.30 plus 12% -5600 Daily or miscellaneous (each day of the payroll 18 $832 $1,692 $87.34 plus 22% -5832 $1.745 -$3,465 $174.70 plus 22% -$1,745 period) 16.20 19 $1,692 -$3,164 $276.54 plus 24% -$1,692 $3,465 -$6.409 5553.10 plus 24% -$3.465 $3,164 -$3,998 $629.82 plus 32% -$3,164 $6,409 -$8.077 $1,259.66 plus 32% - $6.409 20 $3,998 -$9,887 $896.70 plus 35% -$3.998 $8,077 -$12.003 $1.793.42 plus 35% - $8.077 21 $9,887 $2,95785 plus 37% -$9,887 $12,003 $3,167.52 plus 37% -$12.003 22 23 Janet earned a salary of $900 this week and claims 2 withholding exemptions. 24 1 What is the amount for ONE withholding exemption (see table 5, column 2)? 0 25 (Note: Janet gets paid WEEKLY) 26 27 2 Given the number of exemptions for Janet, how much is her income reduced 0 0 28 29 3 What is the amount subject to withholding? 0 30 1.050.00 ALT-IRS-WITHHOLDING + Calculation Mode: Automatic Workboak Statistics Give Feedback to Microsoft - 100% +