Question: For each employee listed, use the wage-bracket method to calculate federal income tax withholding for an employee who has submitted a 2023 Form W-4. Refer
For each employee listed, use the wage-bracket method to calculate federal income tax withholding for an employee who has submitted a 2023 Form W-4. Refer to Publication 15-T.
1:Noah Singer files as married filing jointly on his tax return and earned weekly gross pay of $908. For each period he makes a 401(k) contribution of 5% of gross pay. Noah checked box 2c on Form W-4 and did not enter any information in steps 3-4. Federal income tax withholding = $
2:Ashley Laughlin files as single on her tax return and earned weekly gross pay of $615. She does not make any retirement plan contributions. Ashley entered $4,000 on line 4b of Form W-4 and did not enter any information in steps 2 and 3. Federal income tax withholding = $ .
3:Zoey Segal files as married filing jointly on her tax return and earned weekly gross pay of $1,180. For each period she makes a flexible spending account contribution of 9% of gross pay. Zoey entered $2,000 in step 3 of Form W-4 and did not enter any information in steps 2 and 4. Federal income tax withholding = $ Tentative Federal Income Tax Withholding = $
For each employee listed, use the percentage method to calculate federal income tax withholding for an employee who has submitted a 2023 Form W-4. Refer to Publication 15-T.
1:Stephanie Wiliams files as single on her tax return and earned weekly gross pay of $740. For each period she makes a flexible spending account contribution of 7% of gross pay. Stephanie did not enter any information in steps 2-4 of the form. Federal income tax withholding = $
2:Mo Fangia files as single on his tax return and earned weekly gross pay of $1,020. He does not make any retirement plan contributions. Mo entered $30 on line 4c of Form W-4 and did not enter any information in steps 2 and 3. Federal income tax withholding = $
3:Michaela Sampson files as married filing jointly on her tax return and earned weekly gross pay of $1,560. For each period she makes a 401(k) contribution of 4% of gross pay. Michaela checked box 2c on Form W-4, entered $2,000 in step 3 of the form, and did not enter any information in step 4. Federal income tax withholding = $ Tentative Federal Income Tax Withholding = $
For each employee listed, use the wage-bracket method to calculate federal income tax withholding, assuming that each has submitted a pre-2020 Form W-4. Then calculate both the state income tax withholding (assuming a state tax rate of 5.0% of taxable pay, with taxable pay being the same for federal and state income tax withholding), and the local income tax withholding. Refer to Publication 15-T. NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.
1:Paul Bronson (single; 1 federal withholding allowance) earned weekly gross pay of $1,247. For each period, he makes a 401(k) retirement plan contribution of 10% of gross pay. The city in which he works (he lives elsewhere) levies a tax of 1.5% of an employee's taxable pay (which is the same for federal and local income tax withholding) on residents and 0.8% of an employee's taxable pay on nonresidents. Federal income tax withholding = $ State income tax withholding = $ Local income tax withholding = $
2:Stephen McPherson (married; 5 federal withholding allowances) earned weekly gross pay of $990. He participates in a flexible spending account, to which he contributed $70 during the period. The city in which he lives and works levies a tax of 2.4% of an employee's taxable pay (which is the same for federal and local income tax withholding) on residents and 1.3% of an employee's taxable pay on nonresidents. Federal income tax withholding = $ State income tax withholding = $ Local income tax withholding = $
3:Tyler Howard (married; 4 federal withholding allowances) earned weekly gross pay of $1,310. For each period, he makes a 403(b) retirement plan contribution of 7% of gross pay. The city in which he lives and works levies a tax of 1.4% of an employee's taxable pay (which is the same for federal and local income tax withholding) on both residents and nonresidents. Federal income tax withholding = $ State income tax withholding = $ Local income tax withholding = $
4:Alejandro Garcia (single; 3 federal withholding allowances) earned weekly gross pay of $1,110. He participates in a cafeteria plan, to which he paid $50 during the period. The city in which he works levies a tax of $12/week on employees who work within city limits. Federal income tax withholding = $ State income tax withholding = $ Local income tax withholding = $
For each employee listed, use the percentage method to calculate federal income tax withholding, assuming that each has submitted a pre-2020 Form W-4. Then calculate both the state income tax withholding (assuming a state tax rate of 5.0% of taxable pay, with taxable pay being the same for federal and state income tax withholding), and the local income tax withholding. Refer to Publication 15-T. NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.
1:Walter Ferrell (married; 4 federal withholding allowances) earned weekly gross pay of $1,040. For each period, he makes a 401(k) retirement plan contribution of 14.5% of gross pay. The city in which he works (he lives elsewhere) levies a tax of 1.1% of an employee's taxable pay (which is the same for federal and local income tax withholding) on residents and 0.9% of an employee's taxable pay on nonresidents. Federal income tax withholding = $ State income tax withholding = $ Local income tax withholding = $
2:Lucas Sedaris (married; 3 federal withholding allowances) earned weekly gross pay of $2,745. He participates in a flexible spending account, to which he contributed $135 during the period. The city in which he lives and works levies a tax of 2.95% of an employee's taxable pay (which is the same for federal and local income tax withholding) on residents and 2.25% of an employee's taxable pay on nonresidents. Federal income tax withholding = $ State income tax withholding = $ Local income tax withholding = $
3:Darrell Roper (married; 6 federal withholding allowances) earned weekly gross pay of $1,525. He does not request that any voluntary deductions be made from his gross pay. The city in which he lives and works levies a tax of 2.55% of an employee's taxable pay (which is the same for federal and local income tax withholding) on both residents and nonresidents. Federal income tax withholding = $ State income tax withholding = $ Local income tax withholding = $
4:Giuseppe Fortuna (single; 2 federal withholding allowances) earned weekly gross pay of $3,835. He participates in a cafeteria plan, to which he paid $170 during the period. The city in which he works levies a tax of $12/week on employees who work within city limits. Federal income tax withholding = $ State income tax withholding = $ Local income tax withholding = $
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