Withholding Methods (LO 9.1)

Sophie is a single taxpayer. For the first payroll period in October 2017, she is paid wages of $2,900.00 monthly. Sophie claims two allowances on her Form W-4. Click here to access the withholding tables. Table for Allowances Amount per Circular E. Payperiod 2017 Allowance Amount Weekly $ 77.90 Biweekly 155.80 Semimonthly 168.80 Monthly 337.50 Quarterly 1,012.50 Semiannually 2,025.00 Annually 4,050.00 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: $