Mary makes $14,500 a month (gross). She is married and claims 5 exemptions. Her state...

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Accounting

Mary makes $14,500 a month (gross). She is married and claims 5 exemptions. Her state income tax withholding is 5%.
. a) What is Marys net pay for January? (After ALL taxes and withholdings...dont forget SS, Med., FIT...) Show each tax/withholding amount.
. b) What is Marys net pay for September?
. c) What is Marys total taxes paid/withheld at year-end? (Specify amounts for each tax.)
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method income tax withholding schedules Percentage Method Tables for Income Tax Withholding TABLE1-WEEKLY Payroll Period The amount of income tax so allowances)is: to withhold is 165 over-Over But not over- $3550 plus 15% $198 40phs 25% S565. 15 plus 28% S520-$1,006 $1,006 $4,597 -$,073 $3,073-4.597 --$764| $1780plus 15% $991.87 plus 33% --$8,079 -$3.685| -$7,958$8079 $9,105 $2,140.93 pluS 35% m22-476. TABLE 2-BWEEKLY Payroll Perlod The amount of income tax Te apount df wahamount of income tax S0 so.ooplus 10% S70.90ph s 15% $396 70 plus 25% $1.13020 plus 28% $1.98364 plus 33% $4,281.76 plus 35% $4,999.96 plus 39.6% of excess over- Over But not over- -5881.5331-51,040 $1,040 -$.212. 1529| -$3.579| 7.309| -$15.915| $3.212-$6.146 $0.146 -S9.194 $9,194 --$16,158 3579 $7 369 $710.90 plus 28% $16, 158-$18,210 , TABLE 3-SEMIMONTHLY Payroll Period The amount of income tax The amount of income tax to withhold is: withholding allowances) is: of excess over-OverBut not over- S96-480 $1556 , 43877 $0.00plus 10% $214plus 25% -896 $358-51,127, S0.00 plus 10% -$480| S1,127 -S3479 . " S76.90 plus 15% 51 556| $3.479-$6558 $429.70 plus 25% -$3.87 $6,658-59.960 $1,224 45 plus 28% -57,983 S9960-517,504 $2.149.01 plus 33% -517242| $17,504-$19,727 $4,638 53 plus 35% $11202-457313 S4.97520 pus 35% TABLE 4-MONTHLY Payroll Period The amount df income tax (b) MARRIED person-- The amount of income tax of excess over-Ovr But not over- -$1921 s717--12254 SO00 plus 10% -4960| S2254-$6.968 . $153.70 plus 15% -0313| $6958 --$13.317 S85930 plus 25% -57,754|$13.317-$19.921 S2449.05 plus 28% -51596 $19.921 --$5,008 $4,298.17 lus 33% 634 483,$35.008-539.454 S9,276.88plus 35% -$34 6251 $39,454 $10,832.98 plus 396%

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