Chapter 4

2021 wage Bracket

To compute the tax using the percentage method for Manual Payroll Systems with Forms w-4 from 2020 or Later using Standard Withholding Rate Schedules, follow the steps illustrated below. Step 1 Determine the amount of gross wages earned, filing status, adjustments on Form W-4, and frequency of pay. Note: If the wage ends in a fractional dollar amount, the wage may be rounded to the Wilson Goodman, single (S), has no adjustments on his nearest doliar, However, in this text, exact wages are used. Form W4 and earns $915.60 semimonthly. Use the percentage method to compute the federal income taxes to withhold from the wages or salaries of each employee. If an amount is zero, enter "o". If required, round your calculations and final answers to the nearest cent. As we go to press, the federal income tax rates for 2022 are being determined by budget talks in Washington and not available for publication. For this edition, the 2021 federal income tax tables for Manual Systems with Forms W-4 from 2020 or later with Standard withholding and 2021 FICA rates have been used. Cick here to access the Percentage Method Tables. Use the percentage method to compute the federal income taxes to withhold from the wages of soisies of each employes. If ant amount is zero, enter "g". If required, round your calculations and final answers to the nearest cent. As we go to press, the federal income tax rates for 2022 are being deternained by budget talks in Washington and not available for publication. For this edition, the 2021 federal income tax tables for Manual Systems with Forms W-4 from 2020 or later with Standard withholding and 2021 FICA rates have been used. Click here to access the Percentage Method Tables. fenstace T Cimak My wak Use Fercentage Method Tables to calculate federal income taxes withheld ising filing status