A married person, paid monthly has 2 dependents. If their monthly wage is $2,009, how much is withheld if Federal taxes...
A married person, paid monthly has 2 dependents. If their monthly wage is $2,009, how much is withheld if Federal taxes based on the charts in Pub 15?
Homework Answers
As per Publication 15, A married person qualifies for more allowances (in volume) one each for person and the spouse and the children. Therefore the more allowance we claim less will be withheld from the person's taxes.
But for a married filing the Tax return jointly gets a deduction of $24,400 in 2019 therefore there will be no Tax withholding as per federal taxes based on the charts in Pub 15 because total yearly Income will be $24,108 which is less than that of deduction limit.
Thanks and Regards
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single and is entitled to 1 withholding allowance. How much income,
social security, and Medicare taxes will be withheld, based on the
combined wage bracket tables in Exhibits 9-3 and 9-4 from your
text?
Group of answer choices
$478.43
$417.49
$487.49
$508.49
ibit 9-2: Tables for Percentage Method of hholding (1 of 2) ing Purce Machad Taborce W For Waga 2000 AGE Brachi SCE 2017 CA g an Contemporary Matistics...
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