Andie earned $780.00 during the most recent weekly pay period. She is married filing separately, has indicatedStep
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Andie earned $780.00 during the most recent weekly pay period. She is married filing separately, has indicatedStep 2 checkbox withholding on her 2021 Form W-4, and needs to decide between contributing 2.5% and $30 to her 401(k) plan. If she chooses the method that results in the lowest taxable income, how much will be withheld for Federal income tax (based on the following table)? (Use the wage-bracket table.)
2021 Wage Bracket Method Tables for Manual Payroll Systems With Forms W-4 From 2020 or Later | |||||||
---|---|---|---|---|---|---|---|
WEEKLY Payroll Period | |||||||
If the Adjusted Wage Amount (line 1h) is | Married Filing Jointly | Head of Household | Single or Married Filing Separately | ||||
At least | But less than | Standard withholding | Form W-4, Step 2, Checkbox withholding | Standard withholding | Form W-4, Step 2, Checkbox withholding | Standard withholding | Form W-4, Step 2, Checkbox withholding |
The Tentative Withholding Amount is: |
$ 645 | $ 655 | $ 17 | $ 45 | $ 29 | $ 54 | $ 45 | $ 76 |
$ 655 | $ 665 | $ 18 | $ 46 | $ 30 | $ 55 | $ 46 | $ 78 |
$ 665 | $ 675 | $ 19 | $ 48 | $ 32 | $ 56 | $ 48 | $ 80 |
$ 675 | $ 685 | $ 20 | $ 49 | $ 33 | $ 57 | $ 49 | $ 82 |
$ 685 | $ 695 | $ 21 | $ 50 | $ 34 | $ 58 | $ 50 | $ 84 |
$ 695 | $ 705 | $ 22 | $ 51 | $ 35 | $ 60 | $ 51 | $ 87 |
$ 705 | $ 715 | $ 23 | $ 52 | $ 36 | $ 62 | $ 52 | $ 89 |
$ 715 | $ 725 | $ 24 | $ 54 | $ 38 | $ 64 | $ 54 | $ 91 |
$ 725 | $ 735 | $ 25 | $ 55 | $ 39 | $ 66 | $ 55 | $ 93 |
$ 735 | $ 745 | $ 26 | $ 56 | $ 40 | $ 68 | $ 56 | $ 95 |
$ 745 | $ 755 | $ 27 | $ 57 | $ 41 | $ 70 | $ 57 | $ 98 |
$ 755 | $ 765 | $ 28 | $ 58 | $ 42 | $ 73 | $ 58 | $ 100 |
$ 765 | $ 775 | $ 29 | $ 60 | $ 44 | $ 75 | $ 60 | $ 102 |
$ 775 | $ 785 | $ 30 | $ 61 | $ 45 | $ 77 | $ 61 | $ 104 |
$ 785 | $ 795 | $ 31 | $ 62 | $ 46 | $ 79 | $ 62 | $ 106 |
$ 795 | $ 805 | $ 32 | $ 63 | $ 47 | $ 81 | $ 63 | $ 109 |
$ 805 | $ 815 | $ 33 | $ 64 | $ 48 | $ 84 | $ 64 | $ 111 |
$ 815 | $ 825 | $ 34 | $ 66 | $ 50 | $ 86 | $ 66 | $ 113 |
$ 825 | $ 835 | $ 35 | $ 67 | $ 51 | $ 88 | $ 67 | $ 115 |
$ 835 | $ 845 | $ 36 | $ 68 | $ 52 | $ 90 | $ 68 | $ 117 |
$ 845 | $ 855 | $ 37 | $ 69 | $ 53 | $ 92 | $ 69 | $ 120 |
$ 855 | $ 865 | $ 38 | $ 70 | $ 54 | $ 95 | $ 70 | $ 122 |
$ 865 | $ 875 | $ 39 | $ 72 | $ 56 | $ 97 | $ 72 | $ 124 |
$ 875 | $ 885 | $ 40 | $ 73 | $ 57 | $ 99 | $ 73 | $ 126 |
$ 885 | $ 895 | $ 41 | $ 74 | $ 58 | $ 101 | $ 74 | $ 128 |
$ 895 | $ 905 | $ 42 | $ 75 | $ 59 | $ 103 | $ 75 | $ 131 |
$ 905 | $ 915 | $ 44 | $ 76 | $ 60 | $ 106 | $ 76 | $ 133 |
$ 915 | $ 925 | $ 45 | $ 78 | $ 62 | $ 108 | $ 78 | $ 135 |
$ 925 | $ 935 | $ 46 | $ 79 | $ 63 | $ 110 | $ 79 | $ 137 |
$ 935 | $ 945 | $ 47 | $ 80 | $ 64 | $ 112 | $ 80 | $ 139 |
$ 945 | $ 955 | $ 48 | $ 81 | $ 65 | $ 114 | $ 81 | $ 142 |
$ 955 | $ 965 | $ 50 | $ 82 | $ 66 | $ 117 | $ 82 | $ 144 |
$ 965 | $ 975 | $ 51 | $ 84 | $ 68 | $ 119 | $ 84 | $ 146 |
$ 975 | $ 985 | $ 52 | $ 85 | $ 69 | $ 121 | $ 85 | $ 149 |
$ 985 | $ 995 | $ 53 | $ 86 | $ 70 | $ 123 | $ 86 | $ 151 |
$ 995 | $ 1,005 | $ 54 | $ 87 | $ 71 | $ 125 | $ 87 | $ 154 |
$ 1,005 | $ 1,015 | $ 56 | $ 88 | $ 72 | $ 128 | $ 88 | $ 156 |
$ 1,015 | $ 1,025 | $ 57 | $ 90 | $ 74 | $ 130 | $ 90 | $ 158 |
$ 1,025 | $ 1,035 | $ 58 | $ 92 | $ 75 | $ 132 | $ 92 | $ 161 |
$ 1,035 | $ 1,045 | $ 59 | $ 94 | $ 76 | $ 135 | $ 94 | $ 163 |
$ 1,045 | $ 1,055 | $ 60 | $ 96 | $ 77 | $ 137 | $ 96 | $ 166 |
2021 Wage Bracket Method Tables for Manual Payroll Systems With Forms W-4 From 2020 or Later | |||||||
---|---|---|---|---|---|---|---|
WEEKLY Payroll Period | |||||||
If the Adjusted Wage Amount (line 1h) is | Married Filing Jointly | Head of Household | Single or Married Filing Separately | ||||
At least | But less than | Standard withholding | Form W-4, Step 2, Checkbox withholding | Standard withholding | Form W-4, Step 2, Checkbox withholding | Standard withholding | Form W-4, Step 2, Checkbox withholding |
The Tentative Withholding Amount is: |
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: