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Use the percentage method of income tax calculation to complete the payroll roster (in $). David Grange is married and claims 4 withholding allowances. If
Use the percentage method of income tax calculation to complete the payroll roster (in $). David Grange is married and claims 4 withholding allowances. If he is paid biweekly and earns $1,846 per period, use the percentage method to find his income tax withholding each pay period. (Use Exhibit 9-1 and Exhibit 9-2 from your text. Round your answer to the nearest cent.) $ 74.60 X Need Help? Read It Watch It Master It TABLE 2BIWEEKLY 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 $142 $0 Not over $444 $0 Over- But not over- of excess over-Over- But not over- of excess over- $142 - $509 $0.00 plus 10% -$142 $444 -$1,177 $0.00 plus 10% -$444 $509 - $1,631 $36.70 plus 12% -$509 $1,177 -$3,421 $73.30 plus 12% -$1,177 $1,631 -$3,315 $171.34 plus 22% - $1,631 $3,421 -$6,790 $342.58 plus 22% -$3,421 $3,315 ---$6,200 $541.82 plus 24% -$3,315 $6,790 -$12,560 $1,083.76 plus 24% -$6,790 $6,200 -$7,835 $1,234.22 plus 32% -$6,200 $12,560 -$15,829 $2,468.56 plus 32% --$12,560 $7,835 -$19,373 $1,757.42 plus 35% -$7,835 $15,829 - $23,521 $3,514.64 plus 35% -$15,829 $19,373 $5,795.72 plus 37% -$19,373 $23,521 $6,206.84 plus 37% - $23,521 EXHIBIT 9-1 Percentage Method Amount for One Withholding Allowance Payroll Period Weekly Biweekly Semimonthly Monthly Quarterly Semiannually Annually Daily or miscellaneous (each day of the payroll period) One Withholding Allowance $ 79.80 159.60 172.90 345.80 1,037.50 2,075.00 4,150.00 16.00
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