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Ernesto Enterprises uses the wage-bracket method to determine federal income tax withholding on its employees....

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Accounting

Ernesto Enterprises uses the wage-bracket method to determine federal income tax withholding on its employees. Find the amount to withhold from the wages paid to each employee.
If an amount is zero, enter "0". Enter all amounts as positive numbers.
As we go to press, the federal income tax rates for 2024 are being determined by budget talks in Washington, and are not available for publication. For this edition, the 2023 federal income tax tables for Manual Systems with Forms W-4 From 2020 or Later with Standard Withholding and 2023 FICA rates have been used.
Click here to access the Wage-Bracket Method Tables.
Payroll Period
w = Weekly
No. of ,S= Semimonthly
\table[[Employee,\table[[Filing],[Status]],\table[[Withholding],[Allowances]],\table[[M = Monthly],[D = Daily]],Wage,\table[[Amount to Be],[Withheld]]],[Lily Troon,MFJ,N/A,W,$1,250,695],[Barry Ortega,S,N/A,W,915,],[Pat Lopez,S,N/A,W,3,070,],[Rex Kim,MFJ,N/A,M,2,730,],[Ruth Horace,MFJ,N/A,M,1,200,],[Mike Gleam,MFJ,N/A,S,115,],[Tom Abreu,S,N/A,D,2,040,],[Holly Sanchez,S,N/A,S,3,500,],[Kathy Nee,MFJ,N/A,M,,]]
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