Question: please explain why these are incorrect and what the correct answers are Federal Income Tax Withholding Bob Dunn's weekly gross earnings for the present week

please explain why these are incorrect and what the correct answers are
please explain why these are incorrect and what the correct answers are
Federal Income Tax Withholding Bob Dunn's weekly gross earnings for the present

Federal Income Tax Withholding Bob Dunn's weekly gross earnings for the present week were $2,420. Dunn has four exemptions. Using the wage bracket withholding table in Exhibit 2 with a $81 standard withholding allowance for each exemption, what is Dunn's federal income tax withholding? Round your answer to two decimal places. 2,096 X Feedback Check My Work When using the withholding wage bracket, the first two columns are used to determine which bracket the employee's earnings fall into; the third column shows the minimum amount of federal income tax to be withheld; and the final column indicates how much additional tax must be withheld above the minimum. Locate the proper withholding wage bracket in the withholding table. Pay attention to how many exemptions the employee is claiming. Entries for Notes Payable A business issued a 45-day, 8% note for $210,000 to a creditor on account. Journalize the entries to record (a) the issuance of the note and (b) the pa at maturity, including interest. Assume a 360-day year. Round your final answers to the nearest dollar. If an amount box does not require an entry, leave it blank. a. Accounts Payable 210,000 Notes Payable 210,000 b. Notes Payable 210,000 2,071 X 212,071 X Check My Work Why is the company issuing the note? What type of note is being issued (interest-bearing or discounted)? How much will the company owe on the maturity date? On the maturity date, the debtor must repay the face amount of the note, plus interest. Interest is computed by multiplying the face amount by the interest rate. Interest Expense Cash Feedback

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