Question: I have already asked this question today and was given the wrong answer. Morgan is paid $2,815.50 per week. What is the amount of federal
I have already asked this question today and was given the wrong answer.
Morgan is paid $2,815.50 per week. What is the amount of federal income tax withheld from Morgan's paycheck under the following conditions? Assume that Morgan has only one job or that step 2 of Form W-4 is not checked. Also, her employer uses the Percentage Method Tables for Automated Systems. Use percentage method tables for automated systems. See below
Required:
- Morgan is single and no dependents.
- Morgan is married (spouse does not work) and claims two dependents who are under the age of 17.
- Morgan is single, claims no dependents, but wants $50 in additional withholding.
Note: For all requirements, round your intermediate computations and final answers to 2 decimal places.
A: Federal income tax withholdings- CAN NOT be $497.44
C: Federal income tax withholdings- CAN NOT be $547.44
Also the answer is not $217.44. for A.
B: Federal income tax withholdings- Is correct. Do not need the answer for that one
| Amount | |
| a. Federal income tax withholdings | |
| b. Federal income tax withholdings | $ 264.33 |
| c. Federal income tax withholdings |
| 2022 Percentage Method Tables for Automated Payroll Systems and Withholding on Periodic Payments of Pensions and Annuities | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| STANDARD Withholding Rate Schedules (Use these if the Form W-4 is from 2019 or earlier, or if the Form W-4 is from 2020 or later and the box in Step 2 of Form W-4 is NOT checked. Also use these for Form W-4P from any year.) | Form W-4, Step 2, Checkbox, Withholding Rate Schedules (Use these if the Form W-4 is from 2020 or later and the box in Step 2 of Form W-4 IS checked) | ||||||||
| If the Adjusted Annual Wage Amount on Worksheet 1A or the Adjusted Annual Payment Amount on Worksheet 1B is: | The tentative amount to withhold is: | Plus this percentage | of the amount that the Adjusted Annual Wage or Payment exceeds | If the Adjusted Annual Wage Amount on Worksheet 1A is: | The tentative amount to withhold is: | Plus this percentage | of the amount that the Adjusted Annual Wage exceeds | ||
| At least | But less than | At least | But less than | ||||||
| A | B | C | D | E | A | B | C | D | E |
| Single or Married Filling Separately | Single or Married Filling Separately | ||||||||
| $ 0 | $ 4,350 | $ 0.00 | 0% | $ 0 | $ 0 | $ 6,475 | $ 0.00 | 0% | $ 0 |
| $ 4,350 | $ 14,625 | $ 0.00 | 10% | $ 4,350 | $ 6,475 | $ 11,613 | $ 0.00 | 10% | $ 6,475 |
| $ 14,625 | $ 46,125 | $ 1,027.50 | 12% | $ 14,625 | $ 11,613 | $ 27,363 | $ 513.75 | 12% | $ 11,613 |
| $ 46,125 | $ 93,425 | $ 4,807.50 | 22% | $ 46,125 | $ 27,363 | $ 51,013 | $ 2,403.75 | 22% | $ 27,363 |
| $ 93,425 | $ 174,400 | $ 15,213.50 | 24% | $ 93,425 | $ 51,013 | $ 91,500 | $ 7,606.75 | 24% | $ 51,013 |
| $ 174,400 | $ 220,300 | $ 34,647.50 | 32% | $ 174,400 | $ 91,500 | $ 114,450 | $ 17,323.75 | 32% | $ 91,500 |
| $ 220,300 | $ 544,250 | $ 49,335.50 | 35% | $ 220,300 | $ 114,450 | $ 276,425 | $ 24,667.75 | 35% | $ 114,450 |
| $ 544,250 | $ 162,718.00 | 37% | $ 544,250 | $ 276,425 | $ 81,359.00 | 37% | $ 276,425 |
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