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Business, 21.04.2020 17:36 GxthGrl6612

1.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 $
Gene Hartz (single, 1 allowance), $2,700 wages $
Mollie Parmer (married, 2 allowances), $3,600 wages $
Table of Allowance Values for 2019 for biweekly is $161.50
Tax table link https://cxp. cengage. com/contentservice/assets/T=1586638 861777/btpa20t/images/chapter04/Exh ibit_4-1.html

2.Calculate the amount to withhold from the following employees using the biweekly table of the percentage method.
Kenneth Karcher (single, 1 allowance = $161.50), $895 wages $
Mary Kenny (married, 2 allowances = $323.00), $1,900 wages $
Thomas Carney (single, 0 allowances), $1,460 wages $
Table of Allowance Values for 2019 for biweekly is $161.50
Tax table link https://cxp. cengage. com/contentservice/assets/T=1586638 861777/btpa20t/images/chapter04/Exh ibit_4-1.html

3.Edward Dorsey is a part-time employee, and during the biweekly pay period he earned $395. In addition, he is being paid a bonus of $300 along with his regular pay. If Dorsey is single and claims two withholding allowances, how much would be deducted from his pay for FIT?
Hint: There are two ways to determine his deduction—do not use tables for percentage method.
a. Wage-bracket table $
b. Percentage method $
Table of Allowance Values for 2019 for biweekly is $161.50

Tax table link https://cxp. cengage. com/contentservice/assets/T=1586638 861777/btpa20t/images/chapter04/Exh ibit_4-1.html

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