Answered step by step
Verified Expert Solution
Question
1 Approved Answer
To use the wage - bracket method for Manual Payroll Systems With Forms W - 4 From 2 0 2 0 or Later using Standard
To use the wagebracket method for Manual Payroll Systems With Forms W From or Later using Standard Withholding, follow the steps illustrated below.
Step
Select the withholding table that applies to the employee's pay period. Adrienne Huff is married filing jointly MFJ She is paid weekly at a rate of $
Step
Locate the wage bracket the first two columns of the table in which the employee's gross wages fall. Locate the appropriate wage bracket see Figure :
At least $ but less than $
Step
Follow the line for the wage bracket across to the right to the column showing the appropriate filing status with standard withholding. Withhold this amount of tax. Move across the line to the column showing Married Filing Jointly, Standard withholding.
The tax to withhold is $
Figure
The names of the employees of Hogan Thrift Shop are listed on the following payroll register. Employees are paid weekly. The filing status is shown on the payroll register, along with each employee's weekly salary, which has remained the same all year. Complete the payroll register for the payroll period ending December the st weekly payday. The state income tax rate is of total earnings, the city income tax rate is of the total gross earnings, and the wagebracket method is used for federal income taxes.
Enter all amounts as positive numbers. Round your calculations and final answers to the nearest cent. If an amount is zero, enter
As we go to press, the federal income tax rates for are being determined by budget talks in Washington and not available for publication. For this edition, the federal income tax tables for Manual Systems with Forms W from or later with Standard Withholding and FICA rates have been used.
Click here to access the WageBracket Method Tables.
Click here to access the Percentage Method Tables.
Hogan Thrift Shop
Payroll Register
FOR PERIOD ENDING December Deductions
a FICA
Employee Name Filing
Status No of WH
Allowances Total
Earnings OASDI HI b
FIT c
SIT d
CIT e
Net Pay
John, Matthew MFJ NA $ $fill in the blank
$fill in the blank
$fill in the blank
$fill in the blank
$fill in the blank
$fill in the blank
Smith, Jennifer S NA fill in the blank
fill in the blank
fill in the blank
fill in the blank
fill in the blank
fill in the blank
Bullen, Catherine MFJ NA fill in the blank
fill in the blank
fill in the blank
fill in the blank
fill in the blank
fill in the blank
Matthews, Mary S NA fill in the blank
fill in the blank
fill in the blank
fill in the blank
fill in the blank
fill in the blank
Hadt, Bonnie S NA fill in the blank
fill in the blank
fill in the blank
fill in the blank
fill in the blank
fill in the blank
Camp, Sean S NA fill in the blank
fill in the blank
fill in the blank
fill in the blank
fill in the blank
fill in the blank
Aarav, Helen S NA fill in the blank
fill in the blank
fill in the blank
fill in the blank
fill in the blank
fill in the blank
Gleason, Josie MFJ NA fill in the blank
fill in the blank
fill in the blank
fill in the blank
fill in the blank
fill in the blank
Totals $ $fill in the blank
$fill in the blank
$fill in the blank
$fill in the blank
$fill in the blank
$fill in the blank
Compute the employer's FICA taxes for the pay period ending December
OASDI Taxes HI Taxes
OASDI taxable earnings $fill in the blank
HI taxable earnings $fill in the blank
OASDI taxes $fill in the blank
HI taxes $fill in the blank
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started