Question

Use the combined wage bracket tables, Exhibits 9-3 and 9-4, to solve.

Click here for **Exhibit 9-3** and **Exhibit
9-4**

Round dollars to the nearest cent.

Marital |
Withholding |
Pay |
Gross |
Combined |
||||||

Employee |
Status |
Allowances |
Period |
Earnings |
Withholding |
|||||

Reese, S. | M | 3 | Weekly | $1,237 | $ |

Answer #1

The gross earnings weekly of employee = $1,237

First find the corresponding table (Exhibit 9-3 or 9-4) based on the employee’s marital status and period of payment.

Since employee is married and period of payment is weekly, therefore table is Exhibit 9-3

Now, to find the employee’s weekly income tax withholding, choose the table for Married Persons – Weekly Payroll period, Exhibit 9-3.

The intersection of both the earnings and corresponding column of withholding allowances claimed gives the combined tax that should be withheld.

The combined withholding for 3 withholding allowances at gross earnings $1,237 is $178.36.

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.
Click here to access the Table of Allowance Values.
Click here to access the Percentage Method Tables.
Click here to access the Wage-Bracket Method Tables.
Amount to Be
Withheld
Employee
Marital
Status
No. of Withholding
Allowances
Gross Wage...

1. Determine the amount of weekly federal
income tax to be withheld using the wage bracket method. Scroll to
view all tables on the page.
Gross Earning
Marital Status
Allowances
Amount
$469.90
Single
3
$
2.
Round your answer to the nearest cent.
Compute Medicare using 1.45%.
Gross Earnings
Medicare
$408.11
$
3.
Round your answer to the nearest cent.
Calculate the state income tax for the following employee using
a 4.5% state income tax rate.
Employee
Earnings This
Pay...

Example 4-3 To use the wage-bracket method, follow the steps
illustrated below. Step 1 Select the withholding table that applies
to the employee's marital status and pay period. ➡ Adrienne Huff is
married and claims 3 allowances. She is paid weekly at a rate of
$815. Step 2 Locate the wage bracket (the first two columns of the
table) in which the employee's gross wages fall. ➡ Locate the
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1.
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What are the social security and Medicare withholdings for an
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Medicare: $
2.
Use the percentage method of income tax calculation to complete
the following payroll roster.
Employee
Marital
Status
Withholding
Allowances
Pay
Period
Gross
Earnings
Income Tax
Withholding
Farley, D.
M
4
Biweekly
$1,849
$

The percentage method is used when an employee's wages exceed
the Publication 15 tables provided. The process for this method is
to take the earnings, subtract the allowances the employee declared
on their W-4 which results in the wages upon which taxes will be
computed.
Table of Allowance Values for
2019
Weekly
80.80
Biweekly
161.50
Semimonthly
175.00
Monthly
350.00
Quarterly
1,050.00
Semiannual
2,100.00
Annual
4,200.00
Daily/Misc.
16.20
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Check My WorkCheck My Work
BUSINESS DECISION: TAKE HOME PAY
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In addition to federal income tax, social security, and
Medicare, Bob pays 2.3% state income tax, % for state disability
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Note: In this
chapter and in all succeeding work throughout the course,
unless instructed otherwise, calculate
hourly rates and overtime rates as follows:
1.
Carry the hourly rate and the overtime rate to 3
decimal places and then round off to 2 decimal places (round the
hourly rate to 2 decimal places before multiplying by one and
one-half to determine the overtime rate).
2.
If the third decimal place is 5 or more, round to
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3....

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Bob Dunn's weekly gross earnings for the present week were
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$
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Exercise 11-09 a-b
Juli Garza's regular hourly wage rate is $14.50, and she
receives a wage of 1½ times the regular hourly rate for work in
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44 hours. Her gross earnings prior to the current week were $7,300.
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MARRIED Persons ―
WEEKLY Payroll Period
(For Wages Paid...

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