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 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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