Answer to Question #111572 in Accounting for Everlyn

Question

Use the appropriate table to determine the amount to withhold for federal income tax from each of the following biweekly wages (biweekly withholding allowance = $161.50):
Patrick Patrone (single, 2 allowances), $925 wages
Carson Leno (married, 4 allowances), $1,195 wages Carli Lintz (single, 0 allowances), $700 wages Tax table link below
https://cxp.cengage.com/contentservice/assets/T=1587480948747/btpa20t/images/chapter04/Exhibit_4-1.html

Answer 1

1.

925-47=878

878-161.50=716.50

716.50-519=197.5

$197.5\times0.12=23.7$

23.7+37.3=61

925-61=864

2.

1195-9=1186

1186-161.50=1024.5

1024.5--454=570.5

$570.5\times0.1=57.05$

57.05+0=57.05

1195-57.05=1137.95

3.

700-59=641

641-161.5=479.5

479.5-146=333.5

$333.5\times0.1=33.35$

33.35+0=33.35

700-33.35=666.65