Question

Sophie is a single taxpayer. For the first payroll period in October 2017, she is paid wages of $2,900.00 monthly. Sophie claims two allowances on her Form W-4. a. Use the percentage method to calculate the amount of Sophie's withholding for a monthly pay period.

Answer #1

she is paid wages of $2,900.00 monthly.

Table 5. Percentage Method—2017

Amount for One Withholding Allowance Payroll Period

Monthly .......................... 337.50

Number of allowances claimed by the sophie is 2 allowances

1. Total wage payment ........... $2900.00

2. One allowance .............. $337.50

3. Allowances claimed on Form W-4 ... 2

4. Multiply line 2 by line 3 ......... $675

5 Amount subject to withholding (subtract line 4 from line 1) ....... $2225

Tax to be withheld on $2225 from using IRS issued tables

Falls under from 2017 table $969 —$3,354 . tax will be. $77.70 plus 15%

2225 - $ 969 = $ 1256

$ 1256 * 0.15 = 188.4

188.4+77.70 = 266.1

Withhold amount is 266.1

sophie is a single taxpayer. For the first payroll
period in October 2017, she is paid wages of 2,900.00 monthly.
Sophie claims two allowances on her Form W-4.
Pay
period.
2017 allowance Amount
weekly.
77.90
Biweekly.
155.80
semimonthly.
168.80
monthly.
337.50
quarterly.
1,012.50
semiannually.
2,025.00
annually.
4,050.00
Round intermediate computation and your final answer to two place
decimal places.
Use the percentage method to calculate the amount of sopie's
withholding for a monthly pay period.
sophie's withholding: $ ----------

Sophie is a single taxpayer. For the first payroll period in
October 2017, she is paid wages of $2,900.00 monthly. Sophie claims
two allowances on her Form W-4.
Table for Allowances Amount per Circular E.
Payperiod 2017 Allowance Amount
Weekly $ 77.90
Biweekly 155.80
Semimonthly 168.80
Monthly 337.50
Quarterly 1,012.50
Semiannually 2,025.00
Annually 4,050.00
Round intermediate computations and your final answer to two
decimal places.
a. Use the percentage method to calculate the amount of Sophie's
withholding for a monthly...

Sophie is a single taxpayer. For the first payroll period in
October 2017, she is paid wages of $2,900.00 monthly. Sophie claims
two allowances on her Form W-4.
Click here to access the withholding tables.
Table for Allowances Amount per Circular E. Payperiod 2017
Allowance Amount
Weekly $ 77.90
Biweekly 155.80
Semimonthly 168.80
Monthly 337.50
Quarterly 1,012.50
Semiannually 2,025.00
Annually 4,050.00
Round intermediate computations and your final answer to two
decimal places.
a. Use the percentage method to calculate the...

Sophie is a single taxpayer. For the first payroll period in
October 2016, she is paid wages of $3,280.50 monthly. Sophie claims
three allowances on her Form W-4.
Click here to access the withholding tables.
Table for Allowances Amount per Circular E.
Payperiod
2016 Allowance
Amount
Weekly
$ 77.90
Biweekly
155.80
Semimonthly
168.80
Monthly
337.50
Quarterly
1,012.50
Semiannually
2,025.00
Annually
4,050.00
Round intermediate computations and your final answer to two
decimal places.
a. Use the percentage method to calculate the...

Sophie is a single taxpayer. For the first payroll period in
July 2019, she is paid wages of $2,200 monthly. Sophie claims one
allowance on her Form W-4. Click here to access the withholding
tables. Table for Allowances Amount per Circular E. Payperiod 2019
Allowance Amount
Weekly $ 80.80
Biweekly 161.50
Semimonthly 175.00
Monthly 350.00
Quarterly 1,050.00
Semiannually 2,100.00
Annually 4,200.00
Round intermediate computations and your final answer to two
decimal places.
a. Use the percentage method to calculate the...

Allison is paid $2,795 per week. What is the amount of federal
income tax withheld from Allison’s paycheck under the following
conditions? Assume that her employer uses the percentage method of
withholding. Use withholding allowance and percentage method
tables.
https://ezto-cf-media.mheducation.com/Media/Connect_Production/bne/cruz13e/Withholding%20Allowance.JPG
https://ezto-cf-media.mheducation.com/Media/Connect_Production/bne/cruz13e/percentage%20method%20tables..pdf
Required:
Allison is single and claims two withholding allowances.
Allison is married and claims two withholding allowances.
Allison is single and claims no withholding allowance.

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
Complete the following. The Percentage Method must be
used for a single employee,...

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? (There are two ways to determine his deduction—do not use
table for percentage method.)
a. Wage-bracket table $______________
b. Percentage method $______________

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?(2019 tax year)
Hint: There are two ways to determine his deduction—do not use
tables for percentage method.
a.
Wage-bracket table
$
b.
Percentage method
$

Check My WorkCheck My Work
BUSINESS DECISION: TAKE HOME PAY
You are the payroll manager for the Canyon Ridge Resort. Bob
Farley, the marketing director, earns a salary of $42,000 per year,
payable monthly. He is Married and claims three withholding
allowances. His social security number is 462-12-8749.
In addition to federal income tax, social security, and
Medicare, Bob pays 2.3% state income tax, % for state disability
insurance (both based on gross earnings), $26.15 for term life
insurance, $123.74...

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