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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 |
---|---|---|---|---|
Moss, L. | $3012.50 monthly | yes | 5 |
Solution
VerifiedAnswered 2 years ago
Answered 2 years ago
First, lets find out the federal withholding tax of Moss.L:
Gross earnings = $ 3,012.50
Withholding allowance = 5
Now, lets go to the monthly payroll table of married persons.
As, you can see in the row of wages are at least $3,000 and but not less than $3,040.
Number of holding allowance in 5th column = $76
Therefore, the federal withholding tax is $76
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