Carolyne earns $173,472 per year. She is married and claims two dependents.. Use the Percentage...

70.2K

Verified Solution

Question

Accounting

Carolyne earns $173,472 per year. She is married and claims two dependents.. Use the Percentage Method Tables for Automated Payroll Systems for your calculations. (Round your answer to 2 decimal places.)

  1. What is her withholding per pay period if she is paid on a weekly basis (assume 52 weeks)?
  2. What is her withholding per pay period if she is paid on a semimonthly basis?
  3. What is her withholding per pay period if she is paid on a monthly basis?
  4. In each of the above circumstances, should the annual withholding amount differ? Explain.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students