Question
Sophie is a single taxpayer. For the first payroll period in July 2020, she is paid wages of $2,200 monthly. Sophie claims one allowance on
Sophie is a single taxpayer. For the first payroll period in July 2020, she is paid wages of $2,200 monthly. Sophie claims one allowance on her pre-2020 Form W-4.
Click here to access the withholding tables.
IRS Publication 15-T, Federal Income Tax Withholding Method
Pay period | 2020 Allowance Amount | |
Weekly | $ 83 | |
Biweekly | 165 | |
Semimonthly | 179 | |
Monthly | 358 | |
Quarterly | 1,075 | |
Semiannually | 2,150 | |
Annually | 4,300 |
Round intermediate computations and your final answer to two decimal places.
a. Use the percentage method to calculate the amount of Sophie's withholding for a monthly pay period.
Sophie's withholding:
b. Use the wage bracket method to determine the amount of Sophie's withholding for the same period.
c. Use the percentage method assuming Sophie completed a 2020 Form W-4 and checked only the single box in Step 1(c).
d. Use the wage bracket method using the same assumptions in part c of this question.
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