Homework Answers
| Wages | Withholdings | ||||
| 1 | Withholdings per pay check | Weekly | 59280/52 | $ 1,140 | $ 74 |
| 2 | Withholdings per pay check | Monthly | 59280/12 | $ 4,940 | $ 320 |
| 3 | Withholdings per pay check | Biweekly | 59280/(52/2) | $ 2,280 | $ 148 |
| 4 | Withholdings per pay check | Semimonthly | 59280/(12*2) | $ 2,470 | $ 161 |
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Lisa earns $59,280 per year. She is married and claims three
allowances. Assume that her employer...
Lisa earns $47,840 per year. She is married and claims three allowances. Assume that her employer...
Lisa earns $47,840 per year. She is married and claims three
allowances. Assume that her employer uses WAGE BRACKET TABLES
METHOD. Use withholding allowance, WAGE BRACKET TABLE and IRS
Publication 15.
a. If she is paid weekly, what is her withholding per
paycheck?
b. If she is paid monthly, what is her withholding per
paycheck?
c. If she is paid biweekly, what is her withholding per
paycheck?
d. If she is paid semimonthly, what is her withholding per
paycheck?
(I...
Check my work Lisa earns $46,800 per year. She is married and claims three allowances. Assume...
Check my work Lisa earns $46,800 per year. She is married and claims three allowances. Assume that her employer uses wage bracket tables method. Use withholding allowance, wage bracket table and IRS Publication 15. a. If she is paid weekly, what is her withholding per paycheck? b. If she is paid monthly, what is her withholding per paycheck? c. If she is paid biweekly, what is her withholding per paycheck? d. If she is paid semimonthly, what is her withholding...
Henry, who earned $114180 during 2018, is paid on a monthly basis, is married, and claims...
Henry, who earned $114180 during 2018, is paid on a monthly basis, is married, and claims four allowances. Assume that his employer uses the percentage method of withholding. Use withholding allowance and percentage method tables .. What is Henry's federal tax withholding for each pay period? b. What is Henry's FICA withholding for each pay period? (For all requirements, round your intermediate computations and final answers to 2 decimal places.) Federal tax withholdings Total FICA withholding Derences Lisa earns $63,440...
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Zion, Inc. has one employee who has worked January - June of the current year. The employee is single, paid weekly, and claims three allowances on her W-2. The company is in a state that has no state income taxes. The FICA Social Security tax rate is 6.2 % on the first $118,500 of wages and the FICA Medicare tax rate is 1.45% on all wages. Zion, Inc.'s FUTA tax rate is 0.6 % on the first $7,000 of wages...
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Dr. Brake teaches an introductory political science course at a small liberal art college in Ohio:...
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Lisa earns $47,840 per year. She is married and claims three
allowances. Assume that her employer uses WAGE BRACKET TABLES
METHOD. Use withholding allowance, WAGE BRACKET TABLE and IRS
Publication 15.
a. If she is paid weekly, what is her withholding per
paycheck?
b. If she is paid monthly, what is her withholding per
paycheck?
c. If she is paid biweekly, what is her withholding per
paycheck?
d. If she is paid semimonthly, what is her withholding per
paycheck?
(I...
Check my work Lisa earns $46,800 per year. She is married and claims three allowances. Assume that her employer uses wage bracket tables method. Use withholding allowance, wage bracket table and IRS Publication 15. a. If she is paid weekly, what is her withholding per paycheck? b. If she is paid monthly, what is her withholding per paycheck? c. If she is paid biweekly, what is her withholding per paycheck? d. If she is paid semimonthly, what is her withholding...
Henry, who earned $114180 during 2018, is paid on a monthly basis, is married, and claims four allowances. Assume that his employer uses the percentage method of withholding. Use withholding allowance and percentage method tables .. What is Henry's federal tax withholding for each pay period? b. What is Henry's FICA withholding for each pay period? (For all requirements, round your intermediate computations and final answers to 2 decimal places.) Federal tax withholdings Total FICA withholding Derences Lisa earns $63,440...
Frances Newberry is the payroll accountant for Pack-It Services of Jackson, Arizona. The employees of Pack-It Services are paid semimonthly. An employee, Glen Riley, comes to her on November 6 and requests a pay advance of $850, which he will pay back in equal parts on the November 15 and December 15 paychecks. Glen is married with eight withholding allowances and is paid $50,960 per year. He contributes 3 percent of his pay to a 401(k) and has $25 per...
Zion, Inc. has one employee who has worked January - June of the current year. The employee is single, paid weekly, and claims three allowances on her W-2. The company is in a state that has no state income taxes. The FICA Social Security tax rate is 6.2 % on the first $118,500 of wages and the FICA Medicare tax rate is 1.45% on all wages. Zion, Inc.'s FUTA tax rate is 0.6 % on the first $7,000 of wages...
Zippy, LLC has one employee who has worked January - June of the current year. The employee is single, paid weekly, and claims three allowances on her W-2. The company is in a state that has no state income taxes. The FICA Social Security tax rate is 6.2% on the first $118.500 of wages and the FICA Medicare tax rate is 1.45% on all wages. Zippy, LLCS FUTA tax rate is 0.6% on the first $7,000 of wages and their...
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