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Accounting
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Lisa is single and claims no dependents. Assume that Lisa has only one job or that step 2 of Form W-4 is not checked. Also, her employer uses wage bracket tables for a manual payroll available online in Publication 15-T, "Federal Income Tax Withholding Methods. Use the appropriate wage bracket tables for a manual payroll systems. Required: a. If she is paid weekly and her annual wages are $85,800, what is her withholding per paycheck? b. If she is paid monthly and her annual wages are $74,400, what is her withholding per paycheck? c. If she is paid biweekly and her annual wages are $65,520, what is her withholding per paycheck? d. If she is paid semimonthly and her annual wages are $78,600, what is her withholding per paycheck? Amount a. Withholdings per paycheck b. Withholdings per paycheck c Withholdings per paycheck d. Withholdings per paycheck 2020 Percentage Method Tables f STANDARD Withholding Rate Schedules (Use these if the Form W-4 is from 2019 or earlier, or if the Form W-4 is from 2020 or later and the box in Step 2 of Form W-4 is NOT checked) of the If the Adjusted Annual amount that Wage Amount (line 2a) is: The the Adjusted tentative Plus this Annual But less amount to percentage Wage At least- than- withhold is: exceeds A B D E Married Filling Jointly $ 0 $ 11,900 $ 0.00 0% $ 0 $ 11,900 $ 31,650 $ 0.00 10% $ 11,900 $ 31,650 $ 92,150 $ 1,975.00 12% $ 31,650 $ 92,150 $ 182,950 $ 9,235.00 22% $ 92,150 $ 182,950 $ 338,500 $ 29,211.00 24% $ 182,950 $ 338,500 $ 426,600 $ 66,543.00 32% $ 338,500 $ 426,600 $ 633,950 $ 94,735.00 35% $ 426,600 $ 633,950 $ 167,307.50 37% $ 633,950 Single or Married Filling Separately $ 0 $ 3,800 $ 0.00 0% $ 0 $ 3,800 $ 13,675 $ 0.00 10% $ 3,800 $ 13,675 $ 43,925 $ 987.50 12% $ 13,675 $ 43,925 $ 89,325 $ 4,617.50 22% $ 43,925
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