Question: Use (a) the percentage method and (b) the wage-bracket method to compute the federal income taxes to withhold from the wages or salaries of each
Use (a) the percentage method and (b) the wage-bracket method to compute the federal income taxes to withhold from the wages or salaries of each employee. Enter all amounts as positive numbers. Round your calculations and final answers to the nearest cent.
| Table of Allowance Values for 2019
| ||||||||||||||||||||||||
Table of Allowance Values
| Payroll Period | One Withholding Allowance |
|---|---|
| Weekly | $ 80.80 |
| Biweekly | 161.50 |
| Semimonthly | 175.00 |
| Monthly | 350.00 |
| Quarterly | 1,050.00 |
| Semiannually | 2,100.00 |
| Annually | 4,200.00 |
| Daily or miscellaneous (each day of the payroll period) | 16.20 |
| Amount to Be Withheld | |||||
| Employee | Marital Status | No. of Withholding Allowances | Gross Wage or Salary | Percentage Method | Wage-Bracket Method |
| Corn, A. | M | 4 | $675 weekly | $ | $ |
| Fogge, P. | M | 6 | 1,960 weekly | ||
| Felps, S. | S | 4 | 1,775 biweekly | ||
| Carson, W. | M | 0 | 2,580 semimonthly | ||
| Helm, M. | M | 10 | 5,380 monthly | ||
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