Question
Use the percentage method to compute the federal income taxes to withhold from the wages or salaries of each employee. If an amount is zero,
Use the percentage method to compute the federal income taxes to withhold from the wages or salaries of each employee. If an amount is zero, enter "0". Round your calculations and final answers to the nearest cent.
Table of Allowance Values for 2019
| Weekly | 80.80 | Biweekly | 161.50 | Semimonthly | 175.00 | Monthly | 350.00 |
| Quarterly | 1,050.00 | Semiannual | 2,100.00 | Annual | 4,200.00 | Daily/Misc. | 16.20 |
The following tables were in effect during 2019.
Table of Allowance Values
| Payroll Period | One Withholding Allowance |
|---|---|
| Weekly | $ 80.80 |
| Biweekly | 161.50 |
| Semimonthly | 175.00 |
| Monthly | 350.00 |
| Quarterly | 1,050.00 |
| Semiannually | 2,100.00 |
| Annually | 4,200.00 |
| Daily or miscellaneous (each day of the payroll period) | 16.20 |
| Employee No. | Employee Name | Marital Status | No. of Withholding Allowances | Gross Wage or Salary | Amount to Be Withheld | |
| 1 | Amoroso, A. | M | 0 | $1,610 | weekly | $ |
| 2 | Finley, R. | S | 0 | 825 | biweekly | |
| 3 | Gluck, E. | S | 2 | 9,630 | quarterly | |
| 4 | Quinn, S. | M | 8 | 925 | semimonthly | |
| 5 | Treave, Y. | S | 2 | 2,875 | monthly | |
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The Audit Guide For Beginners Understanding Fiduciary Responsibilities
Authors: Oren Rohleder
1st Edition
B0B1M56DMY, 979-8829314019
