For each employee listed, use both the wage-bracket method andthe percentage method to calculate...

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Accounting

For each employee listed, use both the wage-bracket method andthe percentage method to calculate the federal income taxwithholding. Refer to Appendix A, 2017 and Appendix 2018 FederalTax Tables. I need to see the step by step for both 2017 Tax Tablecalculation and the 2018 Tax Table calculation.

Thank you!

Pedro Evans (married, 3 withholding allowance) earned weeklygross pay of $1,819.00.

Using wage bracket method: Federal income taxwithholding=$_________________

Using percentage method; Federal income taxwithholding=$____________________

GL Dear (married, 4 withholding allowance) earned weekly grosspay of $2,560.00.

Using wage bracket method: Federal income taxwithholding=$_________________

Using percentage method; Federal income taxwithholding=$____________________

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Formula sheetABCDEF2Using 2017 tax table34Using the Percentage Method5Employee NameStatusNo AllowancesGross Wages or SalaryPay Cycle6Pedro EvansM31819weekly7GL DearM42560weekly89The federal income tax calculated using thepercentage method include calculation of taxable wage10by substracting the withheld allowance from the gross pay11Then using the percentage method table and thetaxable amount the federal income tax FIT can be calculated12Payroll PeriodOne Withholding Allowance 201713Weekly7791415Employee NameNo AllowancesPay CycleWithheld Allowance16Pedro Evans3weeklyD16D1317GL Dear4weeklyD17D131819Employee NameGross WageWithheld AllowanceTaxable IncomePay CycleStatusFIT Using Table of 2017 forcorresponding pay cycle and    See Answer
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In: AccountingFor each employee listed, use both the wage-bracket method andthe percentage method to calculate the...For each employee listed, use both the wage-bracket method andthe percentage method to calculate the federal income taxwithholding. Refer to Appendix A, 2017 and Appendix 2018 FederalTax Tables. I need to see the step by step for both 2017 Tax Tablecalculation and the 2018 Tax Table calculation.Thank you!Pedro Evans (married, 3 withholding allowance) earned weeklygross pay of $1,819.00.Using wage bracket method: Federal income taxwithholding=$_________________Using percentage method; Federal income taxwithholding=$____________________GL Dear (married, 4 withholding allowance) earned weekly grosspay of $2,560.00.Using wage bracket method: Federal income taxwithholding=$_________________Using percentage method; Federal income taxwithholding=$____________________

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