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Use the 2019 tax tables provided below to solve problem. 1) Calculate the Federal Income tax withholdings for Employee No. 54 from the information provided
Use the 2019 tax tables provided below to solve problem. 1) Calculate the Federal Income tax withholdings for Employee No. 54 from the information provided in the partial payroll register above. Please show work.
PAYROLL REGISTER FOR WEEK ENDING March 1 20- TIME RECORD REGULAR EARNINGS OVERTIME EARNINGS AMOUNT AMOUNT TOTAL EARNINGS 8 6 5% 4 18.00 2 5 108.00 41 32 63 54 S M M s olun Too ooo 74 10 8 8 8 10 8 10 ala0000 8 814 8 8 40 40 40 40 12.00 S 13.00 12.00 480.00 1,600.00 520.00 480.00 $ 588.00 1,600.00 520.00 600.00 1 4 7 18.00 126.00 Amount of One Withholding Allowance Weekly $80.80 Percentage Method Tables for Income Tax Withholding (For Wages Paid in 2019) TABLE 1-WEEKLY Payroll Period (a) SINGLE person (including head of household) (b) MARRIED person- If the amount of wages If the amount of wages (after subtracting The amount of income tax (after subtracting The amount of income tax withholding allowances) is: to withhold is: withholding allowances) is: to withhold is: Not over $73 $0 Not over $227 SO Over But not over- of excess over-Over- But not over of excess over- $73 -$260 $0.00 plus 10% -$73 $227 $600 $0.00 plus 10% - $227 $260 -$832 $18.70 plus 12% -$260 $600 -$1,745 $37.30 plus 12 -$600 $832 - $1,692 $87.34 plus 22% -$832 $1,745 -$3,465 $174.70 plus 22% -$1,745 $1,692 -S3,164 $276.54 plus 24% $1,692 $3,465 $6,409 $553.10 plus 24% -$3,465 $3,164 -$3.998. $629.B2 plus 32% $3,164 $6,409 - $8,077 $1.259.66 plus 32% -$6,409 $3.998 --$9.887. $896.70 plus 35% $3.998 $8,077 -$12,003 $1.793.42 plus 35% -$8.077 $9.887 $2.957.85 plus 37% $9.887 $12,003 $3,167.52 plus 37% $12,003 Wage Bracket Method Tables for Income Tax Withholding MARRIED Persons-WEEKLY Payroll Period (For Wages Paid through December 2013) And the number of withholding allowances claimed is And the wages are- At least But less 0 2 8 9 10 than The amount of income tax to be witheld is SO $0 $0 $425 436 447 458 469 480 491 502 513 524 535 $20 21 23 24 25 26 $12 13 14 18 17 18 $4 5 6 8 9 10 11 12 13 30 31 $436 447 458 469 480 491 502 513 524 535 546 557 568 579 590 601 612 623 634 645 656 667 678 546 85 15 16 17 19 20 21 QOOOOOOOOOOOOOOOOOOO OOOOOOOOOOOOOOOOOOOOOO NA UGONON-OOOOOOOOOOO BOOOOOOOOOOOOOOOOOOOOOO 18 OOOOOOOOOOOOOOOOOOOOOO COOOOOOOOOOOOOOOOOOOOOS 8 9 10 12 13 14 15 16 17 18 19 201 34 OOOOOOOOOOOOOOOOOOOOOOO 557 568 579 590 601 612 623 634 645 656 667 36 45 Source: Internal Revenue Service Wage Bracket Method Tables for Income Tax Withholding SINGLE Persons-WEEKLY Payroll Period (For Wages Paid through December 2019) And the number of withholding allowances claimed is 3 The amount of income tax to be withheld is And the wages are At least But loss than 5 10 $425 SO $0 436 $436 447 $20 21 22 24 447 458 $12 13 14 15 16 17 18 19 11 458 469 480 491 502 513 524 535 546 557 568 579 590 601 612 623 634 645 656 667 469 480 491 502 513 524 535 546 557 568 579 590 601 612 623 634 645 666 667 678 & 98888 88888 98988 aos 88 8 98888398698 88888888 %H 13 14 16 17 18 19 OOOOO OOOOO ON ONE 90 OOOOOOOOOOOOOOO OOO DODOO OOOOOOOOOOOOOOOO8 9OOOOOOOOOOOOOOOOOOOO 42 44 45 46 11 12 13 14 15 16 17 18 20 27 28 29 Source: Internal Revenue ServiceStep by Step Solution
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