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...
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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...
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