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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 |
---|---|---|---|---|
Costa, P. | $507.52 weekly | yes | 0 |
Solution
VerifiedAnswered 2 years ago
Answered 2 years ago
First, lets find out the federal withholding tax of Costa.P:
Gross earnings = $ 507.52
Withholding allowance = 0
Now, lets go to the weekly payroll table of married persons.
As, you can see in the row of wages are at least $500 and but not less than $510.
Number of holding allowance in 0 column = $22
Therefore, the federal withholding tax is $22
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