Withholding Methods $($LO $9\mathrm{.}1)$

Beckett Rice submitted a new Form W$-4$ for $2022$ as presented below. If Beckett is paid gross wages of $$3,000$ for the semimonthly period, determine Beckett$$s income tax withholding using the percentage method and the wage bracket method.

Round your answers to two decimal places.

Click here to access the Worksheets and tables for this problem.

Form W$-4$

Department of the Treasury Internal Revenue Service Employee's Withholding Certificate

$$ Complete Form W$-4$ so that your employer can withhold the correct federal income tax from your pay.

$$ Give Form W$-4$ to your employer.

$$ Your withholding is subject to review by the IRS. OMB No$.1545-0074$

$2022$

Step $1$:

Enter

Personal

Information $($a$)$ First name and middle initial

Beckett Last name

Rice $($b$)$ Your social security number

$344-56-7890$

Address

$6010$ Middle Fiskville Road $$ Does your name match the name on your social security card? If not, to ensure you get credit for your earnings, contact SSA at $800-772-1213$ or go to www$.$ssa.gov $.$

City or town, state, and ZIP code

Austin, TX $78752$

$($c$)$ Single or Married filing separately

$$ Married filing jointly or Qualifying widow$($er$)$

Step $2$:

Multiple Jobs

or Spouse

Works Complete this step if you $(1)$ hold more than one job at a time, or $(2)$ are married filing jointly and your spouse also works. The correct amount of withholding depends on income earned from all of these jobs.

Do only one of the following.

$($a$)$ Use the estimator at www$.$irs.gov$/$W$4$App for most accurate withholding for this step $($and Steps $34)$; or

$($b$)$ Use the Multiple Jobs Worksheet on page $3$ and enter the result in Step $4($c$)$ below for roughly accurate withholding; or

$($c$)$ If there are only two jobs total, you may check this box. Do the same on Form W$-4$ for the other job. This option is accurate for jobs with similar pay; otherwise, more tax than necessary may be withheld $....................$

Step $3$:

Claim

Dependents If your total income will be $$200,000$ or less $($$$400,000$ or less if married filing jointly$)$:

Multiply the number of qualifying children under age $17$ by $$2,000$ $ $4,000$

Multiply the number of other dependents by $$500............$ $

Add the amounts above and enter the total here $..................................3$ $ $4,000$

Step $4$

$($optional$)$:

Other

Adjustments

Other income $($not from jobs$).$ If you want tax withheld for other income you expect this year that won't have withholding, enter the amount of other income here. This may include interest, dividends, and retirement income $...................................$

$4($a$)$ $ $5,600$

Deductions. If you expect to claim deductions other than the standard deduction and want to reduce your withholding, use the Deductions Worksheet on page $3$ and enter the result here

$4($b$)$ $ $3,000$

Extra withholding. Enter any additional tax you want withheld each pay period $........$

$4($c$)$ $ $0$

a$.$ Percentage method of withholding: fill in the blank $1$ of $1$$

b$.$ Wage bracket method of withholding: fill in the blank $1$ of $1$$