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Question
Find the federal withholding tax for the employee. Use the wage bracket method.
Employee | Gross Earnings | Married? | Withholding Allowances | Federal Withholding Tax |
---|---|---|---|---|
Elle, M. | $2416.88 monthly | yes | 1 |
Solution
VerifiedAnswered 2 years ago
Answered 2 years ago
First, lets find out the federal withholding tax of Elle.M:
Gross earnings = $ 2,416.88
Withholding allowance = 1
Now, lets go to the monthly payroll table of married persons.
As, you can see in the row of wages are at least $2,400 and but not less than $2,440.
Number of holding allowance in 1st column = $84
Therefore, the federal withholding tax is $84
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