Question: Making It Work Continue to assume that the STANDARD withholding rate schedule is used. Note: Enter ALL values as positive numbers and round amounts

Making It Work Continue to assume that the STANDARD withholding rate schedule

Making It Work Continue to assume that the STANDARD withholding rate schedule is used. Note: Enter ALL values as positive numbers and round amounts to two decimal places unless instructed otherwise. Note: To properly compute the withholding, return to the steps provided to search for Publication 15-T (Wage Bracket Method page). Follow through step 5. Once Pub 15-T launches, scroll to the page titled 2021 Percentage Method Tables for Automated Payroll Systems. Finley River is married filing jointly and paid $10,665.35 on a biweekly basis. Description 1. Begin with gross wages, rounded to the nearest dollar. 2. Identify the correct bracket. Wages starting at $ 13,652 X. 7,610 X but not over $ 10,665 X 7,610 X ) 3. Compute value over the starting wage for this bracket. S 3,055 X 4. Multiply the overage by the tax rate in the table (enter as a decimal). 0.24 X 733.20 X 5. Add the bracket minimum tax. 1,134.78 X 6. Add the two amounts together = Total withholding for Naiser Tevin. 3,222.40 X

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