Use Wage Bracket Method Table For DEC 31, 2018. To determine the answer. TABLE 2—BIWEEKLY Payroll Period (a) SINGLE...

50.1K

Verified Solution

Question

Accounting

Use Wage Bracket Method Table For DEC 31, 2018. To determine theanswer.

TABLE 2—BIWEEKLY PayrollPeriod
(a) SINGLE person (including headof household)—(b) MARRIED person
If the amount of wages (after subtractingwithholding allowances) is:The amount of incometax
to withhold is:
If the amount of wages (after subtractingwithholding allowances) is:The amount of incometax
to withhold is:
Not over $142$0Not over $444$0
Over—But not over—of excess over—Over—But not over—of excess over—
$142—$509$0.00 plus 10%—$142$444—$1,177$0.00 plus 10%—$444
$509—$1,631$36.70 plus 12%—$509$1,177—$3,421$73.30 plus 12%—$1,177
$1,631—$3,315$171.34 plus 22%—$1,631$3,421—$6,790$342.58 plus 22%—$3,421
$3,315—$6,200$541.82 plus 24%—$3,315$6,790—$12,560$1,083.76 plus 24%—$6,790
$6,200—$7,835$1,234.22 plus 32%—$6,200$12,560—$15,829$2,468.56 plus 32%—$12,560
$7,835—$19,373$1,757.42 plus 35%—$7,835$15,829—$23,521$3,514.64 plus 35%—$15,829
$19,373. . .$5,975.72 plus 37%—$19,373$23,521. . .$6,206.84 plus 37%—$23,521
Source: Internal RevenueService.

Use the appropriate table to determine the amount to withholdfor federal income tax from each of the following biweekly wages(biweekly withholding allowance = $159.60):

Patrick Patrone (single, 2 allowances), $925 wages$
Carson Leno (married, 4 allowances), $1,195 wages$
Carli Lintz (single, 0 allowances), $700 wages$
Gene Hartz (single, 1 allowance), $2,500 wages$
Mollie Parmer (married, 2 allowances), $3,600 wages$

Answer & Explanation Solved by verified expert
3.7 Ratings (399 Votes)
Table provided in the question is for Percentage method Kindly refer to Wage bracket method tables for Biweekly payroll period for 2018 Patrick Patrone single 2 allowances 925 wages 925 lies between 909 and 929    See Answer
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