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Chapter 4 Homework #2 2 ? To use the wage-bracket method for Manual Payroll Systems With Forms W-4 From 2020 or Later using Standard Withholding, follow the steps illustrated below. Step 1 Select the withholding table that applies to the employee's pay period Adrienne Huff is married filing jointly (MF)). She is paid weekly at a rate of $815. Step 2 Locate the wage bracket (the first two columns of the table) in which the employee's gross wages fall. Locate the appropriate wage bracket (see Figure 4.7): At least $810 but less than $820 Step 3 3 > Follow the line for the wage bracket across to the right to the column showing the appropriate filing status with standard withholding. Withhold this amount of tax. Move across the line to the column showing Married Filing Jointly, Standard withholding. The tax to withhold is $34. Eaton Enterprises uses the wage-bracket method to determine federal income tax withholding on its employees. Find the amount to withhold from the wages paid each employee. Enter all amounts as positive numbers. If an amount is zero, enter "O". Round interim and final answers to two decimal places. As we go to press, the federal income tax rates for 2021 are being determined by budget talks in Washington and not available for publication. For this edition, the 2020 federal income tax tables for Manual Systems with Forms W-4 from 2020 or later with Standard Withholding and 2020 FICA rates have been used. Click here to access the Wage-Bracket Method Tables. Payroll Period W = Weekly S = S No. of Filing Withholding Semimonthly Employee Status Allowances M = Monthly D = Daily M = Monthly Wage Amount to Be Withheld Tarra MF) N/A w $1,350 $ James Mike S N/A w 590 Cramden Jim Jones s N/A w 675 Joan Kern MF] N/A M 3,100 Mary Long MFJ N/A M 2,730 Cathy Luis MFJ N/A S S 955 Josie Martin S N/A D 108 N/A S 2,500 Terri Singer S Shelby MF) Torres N/A M 3,215 Chapter 4 Homework #2 2 ? To use the wage-bracket method for Manual Payroll Systems With Forms W-4 From 2020 or Later using Standard Withholding, follow the steps illustrated below. Step 1 Select the withholding table that applies to the employee's pay period Adrienne Huff is married filing jointly (MF)). She is paid weekly at a rate of $815. Step 2 Locate the wage bracket (the first two columns of the table) in which the employee's gross wages fall. Locate the appropriate wage bracket (see Figure 4.7): At least $810 but less than $820 Step 3 3 > Follow the line for the wage bracket across to the right to the column showing the appropriate filing status with standard withholding. Withhold this amount of tax. Move across the line to the column showing Married Filing Jointly, Standard withholding. The tax to withhold is $34. Eaton Enterprises uses the wage-bracket method to determine federal income tax withholding on its employees. Find the amount to withhold from the wages paid each employee. Enter all amounts as positive numbers. If an amount is zero, enter "O". Round interim and final answers to two decimal places. As we go to press, the federal income tax rates for 2021 are being determined by budget talks in Washington and not available for publication. For this edition, the 2020 federal income tax tables for Manual Systems with Forms W-4 from 2020 or later with Standard Withholding and 2020 FICA rates have been used. Click here to access the Wage-Bracket Method Tables. Payroll Period W = Weekly S = S No. of Filing Withholding Semimonthly Employee Status Allowances M = Monthly D = Daily M = Monthly Wage Amount to Be Withheld Tarra MF) N/A w $1,350 $ James Mike S N/A w 590 Cramden Jim Jones s N/A w 675 Joan Kern MF] N/A M 3,100 Mary Long MFJ N/A M 2,730 Cathy Luis MFJ N/A S S 955 Josie Martin S N/A D 108 N/A S 2,500 Terri Singer S Shelby MF) Torres N/A M 3,215

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