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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 |
---|---|---|---|---|
Stanger, J. | $425.76 weekly | no | 2 |
Solution
VerifiedAnswered 2 years ago
Answered 2 years ago
First, lets find out the federal withholding tax of Stanger.J:
Gross earnings = $ 425.76
Withholding allowance = 2
Now, lets go to the weekly payroll table of single persons.
As, you can see in the row of wages are at least $420 and but not less than $430.
Number of holding allowance in 2nd column = $27
Therefore, the federal withholding tax is $27
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