Question: please please answer all the questions incomplete answers will receive thumb down 1. 1. The _____ system requires income tax be paid as the income

please please answer all the questions incomplete answers will receive thumb down 1.

1.

The _____ system requires income tax be paid as the income is earned.

Answer:

A.

wage-bracket

B.

percentage method

C.

mandatory deduction

D.

pay-as-you-go

2.

Where are the withholding tables used for the wage-bracket method of determining federal income withholding found?

Answer:

A.

Form I-9

B.

Payroll register

C.

Form W-4

D.

Publication 15-T

3.

In general, when the number of withholding allowances increases for an employee who has completed a pre-2020 Form W-4, the federal income tax withholding _____.

Answer:

A.

decreases

B.

increases also

C.

is not affected

D.

decreases for some and increases for others

4. An employee who files as Single, is paid weekly, has one job, completed current Form W-4, and has adjusted wages of $1,100 has $_______ in federal income tax withholding when using the percentage method.

5. During a recent week, Maya Schneiderman works 46 regular hours. She earns $10.20/hour plus an overtime rate of 1.5 times her regular wage rate, and she contributes 4% of her gross pay to a 401(k) plan. Maya's taxable pay for federal income tax withholding is $______ .

6.

_____ provide(s) funding for the federal health insurance program.

Answer:

A.

Medicare

B.

The Social Security system

C.

Union dues

D.

Medical plans

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