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, 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

Answer 1

Ans:

Employee No	Employee Name	Marital Status	No of With holding Allowances{A}	Gross Wage or Salary		One withholding Allowance{B}	Allowance Claimed (A*B)=C	Amount Subject to Withholding	Calculation	Amount to be withheld
1	Amoroso, A.	M	0	1,610	Weekly	80.80	0	1,610	$37.30+12% of {1,610-600}	$158.50
2	Finley, R.	S	0	825	Bi weekly	161.50	0	825	$37.30+ 12% of {825-563}	$68.74
3	Gluck, E.	S	2	9,630	Quarterly	1,050	2,100	7,530	$485+12% of {7,530-3,375}	$983.60
4	Quinn, S.	M	8	925	Semi-monthly	175	1,400	(475)	As Amount withheld is 0	0
5	Treave, Y.	S	2	2,875	Monthly	350	700	2,175	$80.80+12% of {2,175-1,125}	$206.80

Amount Subject to Withholding= Gross Wage- Allowance Claimed