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Use the percentage method of income tax calculation to complete the following payroll roster. Do not round intermediate calculations. Round your answer to the nearest
Use the percentage method of income tax calculation to complete the following payroll roster. Do not round intermediate calculations. Round your answer to the nearest cent. Click here for Exhibit 9-2 Marital Status Withholding Allowances 0 Employee White, W. Pay Period Semimonthly Gross Earnings $1,227 Income Tax Withholding S EXHIBIT 9-2 Tables for Percentage Mathod of Wholding Percentage Method Tables for Income Tax Withholding (For Wages Paid in 20XX) TABLE 1WEEKLY Payroll Period (a) SINGLE person Including head of householt h) MARRIED person If the amount of wages after of the amount of wages (after subtracting withholding The amount of income tax subtracting withholding The amount of income tax allowance is to withhold is: allowances to withhold is Not over 543 $0 Not Over $163 $0 Over But not over of excess over-Over But not over of excess over- $43 ---$218.30.00 plus 10% -500 $163 -5512 $0.00 plus 10% 5218 -5753 $17.50 plus 15% ---$218 -$1.562 53490 plus 15% -5512 5753 ---$1,762 ....$97.75 plus 25% -S753 $1,562 ---$3.025 $195 A plus 25 -$1,582 $1,762 -$3,627 ......$350.00 plus 28% -51,762 $3,025 -S4 SAS ....5556.75 plus 28% -$3,025 ---$7,834 ....5872.20 plus 33% 54.525 --$7.953 ... 5976.15 plus 33% -54.525 57.834 ---$7,865 52,260.51 plus 35% -57,894 -$8.963 52.10739 plus 35% -57,950 57.865 52,271.35 plus 39.6% -57,865 58.963 ..52.460 29 plus 296 --58.963 TABLE 2-BIWEEKLY Payroll Period (a) SINGLE person including head of household th) MARRIED person If the amount of wages after If the amount of wages after subtracting withholding The amount of income tax subtracting withholding The amount of income tax allowances) to withhold is: allowances : to withholdi Not owl 587 ..50 Not Over $325 ..50 Over But not over- of excess over-Over- But not over- of excess over- 587 5436 .....$0.00 plus 10% -587 5325 -$1,023 .....50.00 plus 10% -5325 5436 ---$1,506 ... 534.90 plus 15% --5436 51,023 -53.160...560 15% -51.023 51506 -53,523 ...$195.40 plus 25% -51,506 53.163 --56.050 5390 80 plus 25 -57,163 23 -57.2545699.65 plus 28% -57,523 $6,050 --50050 SU112.55 plus 28% -16.00 $7.254 -$15,667 .....$1,741.33 plus 33% -57,254 59,050 --$15.06 $1952.55 pk 33% -$9.050 $15.667 -$1,731 54,530,53 pha 35% -515,667 $15.906 -$17.925 14 215 23 Cha 5% $15.906 $15.731 54,543.02 plus 39.6% -515,731 $17.975 .44921.68 pin 39.6% -$17.925 TABLE 3-SEMIMONTHLY Payroll Period (a) SINGLE person including head of household ) MARRIED person- If the amount of wages after the amount of wages after Subtracting withholding The amount of income tax Subtracting withholding The amount of income tax allowance is to withholdis: allowance is to withhold is Not over 594 50 Not over $352 ..50 Over But not over of excess over-Over- But not over of excess over 504 --$472 ....50.00 plus 10% -504 -51,108 ..... 50.00 pka 10% -5352 5472 -$1,631 ...537.80 plus 15% -5472 $1.100 13.427 ... 575.60 plus 15% --$1,108 51631 -53.817 .5211.65 plus 25% 51,631 53.427 -56554 5423.45 pks 25% 53.427 53.817 -57,858 5758.15 plus 28% 53,817 56554 59,804 ... 51205.20 plus 28 $6554 37858 -516,973 ......51,889.63 plus 33% -57,858 59.804 -517231 $2,115.20 ps 33 -59,804 $16 973 ---$17,042 $4,897 58 plus 75% -516,973 $17.231 -$19.419 $4,566. 11 plus 5 --$17.221 $17.042 $4,921.73 plus 39.6% -517,012 $19.419 55.331.91 pes 39.6% $19.419 TABLE 4-MONTHLY Payroll Period (a) SINGLE person (including head of household) th) MARRIED person If the amount of wages (after If the amount of wages (after Subtracting withholding The amount of income tax subtracting withholding The amount of income tax allowances) is to withholdis: allowance is to withhold is Not over $188 50 Not over $692 50 Over- But not over of excess over-Over- But not over of excess over- $180 -$944 ... $0.00 plus 10% -$180 $704 ---$2,217 $0.00 plus 10% --$704 SM -$3,263 $75.60 plus 15% -5944 52.212 -$6,850 $151.30 plus 15% -$2,217 53263 -57,633 .....$423.45 plus 25% -$3,263 $6,854 ---$13, 108.584685 plus 25% --56,854 37.633 -$15,717 ....$1,515.95 plus 28% -57,633 $13,108 -$19,608 $2.410.35 plus 28% -$13,108 $15.717 --$33.946 .....53,779.47 plus 23% $15.717 519,608 -$34,463 54,220.35 plus 33% $19.600 $33.946 -534,083 ... 59,795,04 plus 35% -533,946 534,463 -538,838 59.132.50 plus 25% --534,463 $14.08 $9,842 99 plus 19.6% -514,083 538,838 $10,663.75 plus 39.6% -538,838
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