Question: Need help eBook Locate the wage bracket (the first two columns of the table) in which the employee's gross wages fall. Step 3 Follow the

Need helpNeed help eBook Locate the wage bracket (the first two columns of

eBook Locate the wage bracket (the first two columns of the table) in which the employee's gross wages fall. Step 3 Follow the line for the wage bracket across to the right to the column showing the appropriate filing status with standard withholding. Withhold this amount of tax. Locate the appropriate wage bracket (see Figure 4.7): At least $815 but less than $825 Move across the line to the column showing Married Filing Jointly, Standard withholding. The tax to withhold is $32. zero, enter "0". Round interim calculations to two decimals and use in subsequent computations. Round final answer to two decimal places. Systems with Forms W-4 from 2020 or Later with Standard Withholding and 2022 FICA rates have been used. Click here to access the Wage-Bracket Method Tables. Payroll Period \begin{tabular}{|c|c|c|c|c|c|} \hline Employee & FilingStatus & No.ofWithholdingAllowances & PayrollPeriodW=WeeklyS=SemimonthlyM=MonthlyD=Daily & Wage & AmounttoBeWithheld \\ \hline Tarra James & s & N/A & w & $1,350 & $ \\ \hline Mike Cramden & HH & N/A & w & 590 & \\ \hline Jim Jones & S & N/A & w & 675 & \\ \hline Joan Kern & S & N/A & M & 3,100 & \\ \hline Mary Long & HH & N/A & M & 2,730 & \\ \hline Cathy Luis & MFJ & N/A & s & 955 & \\ \hline Josie Martin & MFJ & N/A & D & 108 & \\ \hline Terri Singer & HH & N/A & s & 2,500 & \\ \hline Shelby Torres & MFJ & N/A & M & 3,215 & \\ \hline \end{tabular} eBook Locate the wage bracket (the first two columns of the table) in which the employee's gross wages fall. Step 3 Follow the line for the wage bracket across to the right to the column showing the appropriate filing status with standard withholding. Withhold this amount of tax. Locate the appropriate wage bracket (see Figure 4.7): At least $815 but less than $825 Move across the line to the column showing Married Filing Jointly, Standard withholding. The tax to withhold is $32. zero, enter "0". Round interim calculations to two decimals and use in subsequent computations. Round final answer to two decimal places. Systems with Forms W-4 from 2020 or Later with Standard Withholding and 2022 FICA rates have been used. Click here to access the Wage-Bracket Method Tables. Payroll Period \begin{tabular}{|c|c|c|c|c|c|} \hline Employee & FilingStatus & No.ofWithholdingAllowances & PayrollPeriodW=WeeklyS=SemimonthlyM=MonthlyD=Daily & Wage & AmounttoBeWithheld \\ \hline Tarra James & s & N/A & w & $1,350 & $ \\ \hline Mike Cramden & HH & N/A & w & 590 & \\ \hline Jim Jones & S & N/A & w & 675 & \\ \hline Joan Kern & S & N/A & M & 3,100 & \\ \hline Mary Long & HH & N/A & M & 2,730 & \\ \hline Cathy Luis & MFJ & N/A & s & 955 & \\ \hline Josie Martin & MFJ & N/A & D & 108 & \\ \hline Terri Singer & HH & N/A & s & 2,500 & \\ \hline Shelby Torres & MFJ & N/A & M & 3,215 & \\ \hline \end{tabular}

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!