Withholding Methods (LO 9.1)

Sophie is a single taxpayer. For the first payroll period in July 2018, she is paid wages of $3,900 monthly. Sophie claims one allowance on her Form W-4.

Problem 9-3 Withholding Methods (LO 9.1) Sophie is a single taxpayer. For the first payroll period in July 2018, she is paid wages of $3,900 monthly. Sophie claims one allowance on her Form W-4 Click here to access the withholding tables. Table for Allowances Amount per Circular E. Payperiod Weekly Biweekly Semimonthly Monthly Quarterly Semiannually Annually Round intermediate computations and your final answer to two decimal places. a. Use the percentage method to calculate the amount of Sophie's withholding for a monthly pay period Sophie's withholding: 2018 Allowance Amount 79.80 159.60 172.90 345.80 1,037.50 2,075.00 4,150.00 b. Use the wage bracket method to determine the amount of Sophie's withholding for the same period