Related questions with answers
Question
Find the federal withholding tax for the employee. Use the wage bracket method.
Employee | Gross Earnings | Married? | Withholding Allowances | Federal Withholding Tax |
---|---|---|---|---|
Safron, I. | $3128.51 monthly | yes | 3 |
Solution
VerifiedAnswered 2 years ago
Answered 2 years ago
First, lets find out the federal withholding tax of Safron.I:
Gross earnings = $ 3,128.51
Withholding allowance = 3
Now, lets go to the monthly payroll table of married persons.
As, you can see in the row of wages are at least $3,120 and but not less than $3,160.
Number of holding allowance in 3rd column = $155
Therefore, the federal withholding tax is $155
Create a free account to view solutions
By signing up, you accept Quizlet's Terms of Service and Privacy Policy
Create a free account to view solutions
By signing up, you accept Quizlet's Terms of Service and Privacy Policy
Recommended textbook solutions

Mathematics for Business and Personal Finance
1st Edition•ISBN: 9780078805059 (1 more)Lange, Rousos4,857 solutions

Business Mathematics
13th Edition•ISBN: 9780321955050Gary Clendenen, Stanley A. Salzman3,109 solutions

Financial Algebra
1st Edition•ISBN: 9780538449670 (1 more)Richard Sgroi, Robert Gerver2,606 solutions

Financial Algebra: Advanced Algebra with Financial Applications
2nd Edition•ISBN: 9781337271790Richard Sgroi, Robert Gerver3,016 solutions
More related questions
1/4
1/7