Question: Withholding Methods ( LO 9 . 1 ) Sophie is a single taxpayer. For the first payroll period in July 2 0 2 2 ,
Withholding Methods LO
Sophie is a single taxpayer. For the first payroll period in July she is paid wages of $ semimonthly. Sophie claims one allowance on her pre Form W
IRS Publication T Federal Income Tax Withholding Method
Pay period Allowance Amount
Weekly $
Biweekly
Semimonthly
Monthly
Quarterly
Semiannually
Annually
a Use the percentage method to calculate the amount of Sophies withholding for a semimonthly pay period.
b Use the wage bracket method to determine the amount of Sophie's withholding for the same period
c Use the percentage method assuming Sophie completed a post Form W and checked only the single box in Step c
d Use the wage bracket method using the same assumptions in part c of this question.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
