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Use (a) the percentage method and (b) the wage-bracket method to compute the federal income taxes to withhold from the wages or salaries of each
Use (a) the percentage method and (b) the wage-bracket method to compute the federal income taxes to withhold from the wages or salaries of each employee. Enter all amounts as positive numbers. Round your calculations and final answers to the nearest cent.
Click here to access the Table of Allowance Values.
Click here to access the Percentage Method Tables.
Click here to access the Wage-Bracket Method Tables.
Amount to Be Withheld | |||||
Employee | Marital Status | No.of Withholding Allowances | Gross Wage or Salary | Percentage Method | Wage-Bracket Method |
Corn, A. | M | 1 | $ 675 weekly | $ | $ |
Fogge, P. | S | 9 | 1,960 weekly | NA | |
Felps, S. | M | 3 | 1,775 biweekly | ||
Carson, W. | M | 1 | 2,480 semimonthly | ||
Helm, M. | M | 5 | 5,380 monthly |
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