Question
The following 2 employees are PAID monthly and this is the last payday of the year (Dec). Each employee's taxable part of their wages is
The following 2 employees are PAID monthly and this is the last payday of the year (Dec).
Each employee's taxable part of their wages is listed below.
The company is located in Henry County, IN
1. Rebecca R. Dec. regular pay $ 5,700
Federal taxable: $ 4,800
Social Security taxable: $ 5,000
Medicare taxable: $5,000
Single - Nothing else marked on the W4
Lives in Porter County, IN
2. Andrea T . Dec. regular pay $14,150
Federal taxable: $12,500
Social Security taxable: $ 7,900
Medicare taxable: $13,500
Married (spouse works and W4 indicates box 2 is checked and item 3 totals $4,500)
Lives in Lake County, IN
- How much inFederal Incometaxes should be deducted fromRebecca'scheck?
- Determine Andrea's"base" Federal Withholding taxes before calculating line 3 of her W4. In other words, what is the base amount you calculate from Pub. 15-T?
- Assume Andrea'sbasefederal tax calculated in the previous question was $2,000 (it is not).What would be her final Federal W/H amount using the remaining W4 information provided?
- How much instatewithholdingtaxes should be deducted fromRebecca'scheck?
- How much incounty withholdingtaxes should be deducted fromRebecca'scheck?
- How much incounty withholdingtaxes should be deducted fromAndrea'scheck?
Step by Step Solution
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Step: 1
1 Federal Income Taxes for Rebecca Rebeccas federal taxable wages are 4800 Given that she is single and has no other information on her W4 you can use the IRS Publication 15T to calculate the withhold...Get Instant Access to Expert-Tailored Solutions
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Step: 2
Step: 3
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