Question

Use (a) the percentage method and (b) the wage-bracket method to compute the federal income taxes...

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
or Salary
Percentage
Method
Wage-Bracket
Method
Corn, A. S 2    $675 weekly $ $
Fogge, P. S 1   1,960 weekly
Felps, S. M 6   1,775 biweekly
Carson, W. M 4   2,480 semimonthly
Helm, M. M 9   5,380 monthly   
Business   Accounting   
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Answer #1

ANSWER

Employee Marital
Status		 No. of Withholding
Allowances		 Gross Wage
or Salary		 Percentage
Method		 Wage-Bracket
Method
Corn, A S 2 $675 weekly $49.11 $49
Fogge, P S 1 1,960 weekly $321.47 Must use % method
Felps, S M 6 1,775 biweekly $35.2 $35
Carson, W M 4 2,480 semimonthly $138.4 $137
Helm, M M 9 5,380 monthly $124.7 Must use % method

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