Company XYZ has a new employee that submitted form W-4 from 2020. He is married filing jointly and box 2 is not checked. The employer processes payroll automatically and he has paycheck of $1,500 and is paid semi-monthly. 

Required:

Using the percentage method, the worksheet, and the correct table calculate the employee's federal withholding tax for each pay check.

1a. Enter the employee's total taxable wages this payroll period _____

1b. Enter the number of pay periods you have per year __24____

1c. Multiply the amount on line 1a by the number on line 1b ______

Answer rating: 100% (QA)

The detailed answer for the above question is provided below 1a Enter the employees total taxable wa... View the full answer