Manju is a full-time exempt employee living in Illinois who earns $43,680 annually and is paid biweekly.
Fantastic news! We've Found the answer you've been seeking!
Question:
Manju is a full-time exempt employee living in Illinois who earns $43,680 annually and is paid biweekly. She is married with three withholding allowances. What is the total of her Federal and state income tax deductions for the most recent pay period?
Transcribed Image Text:
Manju is a ful-lime exempt employee iving in linoin who earns $43,680 annually and is paid biweekly She is married with three withholding allowancos What is the total of her Federal and state income tax deductions for the most recent pay period? (Use the wage bracket tablen. linois state income tax rate is 315%. Round inal answer to 2 decimal points) Wage Bracket Method Tables for Income Tax Withholding MARRIED Persons-BIWEEKLY Payroll Period (For Wages Paid through December 31,2015) And the wages are And the number of withholding allowances claimed is Atleast But less than 21 10 The amount of income tax to be withheld is $1.500 $1,520 $118 $95 $72 $56 $41 $26 $10 $141 1,520 1,540 144 121 98 75 58 43 28 12 1.540 1.560 147 124 101 70 60 45 30 14 1,560 1,580 150 127 104 81 62 47 32 16 1.580 1,600 153 130 107 84 64 49 34 18 3. 1,600 1.620 156 133 110 87 66 51 36 20 1,620 1.640 159 136 113 90 68 53 30 22 1.640 139 116 70 55 40 24 6. 1,660 162 93 1,660 1,680 165 142 119 96 73 57 42 26 11 1,660 1.700 145 122 99 76 59 44 28 13 168 1700 1,720 148 125 102 79 61 46 30 15 171 1,740 105 62 63 46 32 17 1.720 174 151 128 177 108 85 65 50 34 19 1,740 1.760 154 131 134 67 52 36 21 1.760 1700 180 157 111 1.800 160 137 114 91 69 54 38 23 1,780 183 1.000 163 140 117 54 71 56 40 25 1.020 186 Manju is a ful-lime exempt employee iving in linoin who earns $43,680 annually and is paid biweekly She is married with three withholding allowancos What is the total of her Federal and state income tax deductions for the most recent pay period? (Use the wage bracket tablen. linois state income tax rate is 315%. Round inal answer to 2 decimal points) Wage Bracket Method Tables for Income Tax Withholding MARRIED Persons-BIWEEKLY Payroll Period (For Wages Paid through December 31,2015) And the wages are And the number of withholding allowances claimed is Atleast But less than 21 10 The amount of income tax to be withheld is $1.500 $1,520 $118 $95 $72 $56 $41 $26 $10 $141 1,520 1,540 144 121 98 75 58 43 28 12 1.540 1.560 147 124 101 70 60 45 30 14 1,560 1,580 150 127 104 81 62 47 32 16 1.580 1,600 153 130 107 84 64 49 34 18 3. 1,600 1.620 156 133 110 87 66 51 36 20 1,620 1.640 159 136 113 90 68 53 30 22 1.640 139 116 70 55 40 24 6. 1,660 162 93 1,660 1,680 165 142 119 96 73 57 42 26 11 1,660 1.700 145 122 99 76 59 44 28 13 168 1700 1,720 148 125 102 79 61 46 30 15 171 1,740 105 62 63 46 32 17 1.720 174 151 128 177 108 85 65 50 34 19 1,740 1.760 154 131 134 67 52 36 21 1.760 1700 180 157 111 1.800 160 137 114 91 69 54 38 23 1,780 183 1.000 163 140 117 54 71 56 40 25 1.020 186
Expert Answer:
Answer rating: 100% (QA)
Biweekly payment to Manju Annualy payment 26 weeks 43680 26 1680 She is m... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Explain how federal and state income tax withholdings are determined.
-
Assume that the combined federal and state income tax rate for Kafka Company is 30%. 1. The book value of an old machine is $40,000. Kafka sold the machine for $35,000 cash. What is the effect of...
-
Carl Nemah is 66 years old and while he receives significant pension income from a former employer's RPP, he is a full time employee of Jardu Enterprises Ltd. (JEL). During 2020, his oross wages were...
-
Multiple Choice Questions: 1. Which of the following is most likely a topic of discussion in macroeconomics? a. An increase in the price of a pizza b. A decrease in the production of VCRs by a...
-
Niche marketing will certainly be facilitated by the Web. What is it about the Web that makes it such a powerful tool for niche marketing?
-
It has been said that recent graduates from a business school majoring in accounting and just entering the profession are especially vulnerable to ethical missteps because they are often naive and...
-
Use stepwise regression with \(F_{\mathrm{IN}}=F_{\text {OUT }}=4.0\) to find the "best" set of regressor variables for the Belle Ayr liquefaction data in Table B.5. Repeat the analysis with...
-
The balance sheet as of December 31, 2011, for Manhein Corporation follows: Required: (a) Compute Manheim Corporation's long-term debt/equity ratio. (b) Assume that Manheim Corporation is considering...
-
What might be one cost and one benefit of Keynesian economic policies?
-
Transfer Pricing Case AMP Industries is a multi-national firm built around batteries and the use of batteries in the automotive industry. AMP Industries is made up of two divisions, a Battery...
-
1. Define and discuss the Order Management System. Discuss how the Internet has affected the Order to Cash cycle. 2. There are two options for product flow through the supply chain: direct shipments...
-
Develop 3 in depth debrief questions regarding why self confidence is important. How can self confidence help enhance school performance and decrease stress?
-
The stock is currently selling for $15.25 per share, and its noncallable $1,000 par value, 20-year, 7.25% bonds with semiannual payments are selling for $875.00. The beta is 1.25, the yield on a...
-
Folic Acid Inc. has $44 million in earnings, pays $5.4 million in interest to bondholders, and $3.2 million in dividends to preferred stockholders. What are the common stockholders' residual claims...
-
What is jane's monthly mortgage payments? - The purchase price was $1,000,000, with a 20% ($200,000) down payment and a loan amount of $800,000. The interest rate is 5%, with monthly payments...
-
What is the amount invested in a bank for 864 days, and simple interest of 9.1 per cent per annum is charged, the total amount at the end of the period will be 1369.1?
-
Introduce the topic,talk about how and why the topic influenced you and write about what you learn from the topic provide a recent example that is related to the topic?
-
For the following exercises, find the area of the triangle. Round to the nearest hundredth. 22 50 36
-
1. List some advantages of keeping good financial records. 2. Name three financial records that might be best kept in a safe-deposit box.
-
(a) Summarize Jia Lis legal rights in this situation. (b) Discuss the likelihood that Jia Li must pay Visa for any illegal charges to the account. Jia Li Sun, took her sister-in-law Ah-Iam Johnson...
-
(a) If Juan actually were well suited for sales, which work values and work-style factors do you think he would rate as very important? (b) What would you recommend to Juan regarding how to find out...
-
Using the potential theory obtain the damping for a cycle of (i) plunge, (ii) pitch oscillations.
-
Obtain the vortex lift line slope, given by Eq. 8.14, for a supersonic delta wing. Eq. 8.14 Ky = -(cos A) ?
-
The state-space representation is based on a state function \(x\) satisfying the first order ODE \(\tau_{1} \dot{x}=x_{o}\left(\alpha-\tau_{2} \dot{\alpha} ight)-x\), where argument...
Study smarter with the SolutionInn App