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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 |
---|---|---|---|---|
Zagmon, B. | $391.18 weekly | no | 1 |
Solution
VerifiedAnswered 2 years ago
Answered 2 years ago
First, lets find out the federal withholding tax of Zagmon.B:
Gross earnings = $ 391.18
Withholding allowance = 1
Now, lets go to the weekly payroll table of single persons.
As, you can see in the row of wages are at least $390 and but not less than $400.
Number of holding allowance in 1st column = $25
Therefore, the federal withholding tax is $25
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