Question: Todd Thompson s weekly gross earnings for the present week were
Todd Thompson's weekly gross earnings for the present week were $1,400. Thompson has one exemption. Using the wage bracket withholding table in Exhibit 3 with a $70 standard withholding allowance for each exemption, what is Thompson's federal income taxwithholding?
Answer to relevant QuestionsBella Chen's weekly gross earnings for the week ended October 20 were $2,600, and her federal income tax withholding was $554.76. Assuming the social security rate is 6% and Medicare is 1.5% of all earnings, what is Chen's ...The payroll register of Longboat Co. indicates $5,400 of social security withheld and $1,350 of Medicare tax withheld on total salaries of $90,000 for the period. Earnings of $10,000 are subject to state and federal ...Bon Nebo Co. sold 25,000 annual subscriptions of Bjorn 20XX for $85 during December 2014. These new subscribers will receive monthly issues, beginning in January 2015. In addition, the business had taxable income of $840,000 ...In the following summary of data for a payroll period, some amounts have been intentionally omitted:Earnings:1. At regular rate......... ?2. At overtime rate....... $80,0003. Total earnings........ ?Deductions:4. ...Lowe Manufacturing Co. warrants its products for one year. The estimated product warranty is 4% of sales. Assume that sales were $560,000 for June. In July, a customer received warranty repairs requiring $140 of parts and ...
Post your question