Signaler cette question Question 23 2 points

When the number of withholding allowances increases, the federal income tax withholding ________.

decreases

increases also

decreases for some, increases for others

is not affected

Signaler cette question Question 24 2 points

Which of the following method(s) can be used when determining federal income tax withholding?

All of the above

Wage-Bracket Method

Percentage Method

Pay-As-You-Go Method

Both wage-bracket and Percentage Method

Signaler cette question Question 25 2 points

Based on the wage-bracket method, what is the federal income tax withholding for an employee who is married, paid on a bi-weekly basis, has two federal withholding allowances, and earns $1,317?

$67

$63

$120

$133

Signaler cette question Question 26 2 points

Which of the following was not a result of The Current Tax Payment Act of 1943?

Requirement that taxes no longer be paid in the year after the associated taxable pay is earned.

Use of a pay-as-you-go system

One increased federal income tax withholding rate that was consistent for all employees

Employer withholding of federal income tax