Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. note: enter all values as positive numbers and rou

Note: Enter ALL values as positive numbers and round amounts to two decimal places unless...

60.1K

Verified Solution

Question

Accounting

Note: Enter ALL values as positive numbers and round amounts to two decimal places unless instructed otherwise.
Note: Refer to Wage Bracket Method page to search and use Publication 15-T (2022) to compute Ben's withholding.
Ben Franklin earns $11,425.00 monthly. Additional information necessary to determine Ben's tax withholding can be found on the attached 2019 W-4. Ben is filling married filing jointly.
1. Begin with gross wages. $_____
2. Enter the value of the allowances based on the payroll period. $_____
3. Mulitply the allowance value by the employee allowances claimed x _____(____)
4. Subtract allowances from gross pay, referred to as excess wages $_____
5. Enter the correct bracket range values $_____
Wages starting at $_____ but never over $_____(______)
6. Compute value over the starting wage for this bracket $_____
7. Multiply the overage by the tax rate in the table (enter as a decimal). X _______
$_____
8. Add the bracket minimum tax. ______
9. Add the two amounts together, total withholding for Jamie Bao.

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

Biology
1.2K views

All of the following are at risk effects of youth who are detained and confined...

Physics
1.2K views

A stationary x200 nucleus emits an a-particle with kinetic energy = 196 keV, if kinetic...

Geometry
1.2K views

For the pair of similar figures find the ratio of the area of the first...

Basic Math
1.2K views

operations with rational numbers Also 7 NS 2a 7 NS 2c 7 EE 3 nur...

Calculus
1.2K views

8 7 1 70 1 n Lan n 1 As 4 1 this means that...

Algebra
1.2K views

Find the following for the function f x a f 0 e f x b...

Accounting
1.2K views

please tell me how i can use cell references to answer the question...

Accounting
1.2K views

A company purchased $7, 000 of supplies and testing equipment in credit. Enter the appropriate...

Accounting
1.2K views

3. Prepare an unadjusted trial balance A summary listing of the titles and balances of...

Accounting
1.2K views

options: 1. credit to finished goods of $2502. credit to finished goods of $57,3703. debit...

Accounting
1.2K views

FAST answer please just need option ...

Finance
1.2K views

4. Problem 10.04 Click here to read the eBook: The Cost of Retained Earnings, rs...