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 amount of Sophie's withholding for a monthly pay period.
Sophie's withholding: $
b. Use the withholding tables to determine the
amount of Sophie's withholding for the same period.
$
Pecentage Method:
Total wage Payment | 3,280.50 | |
Deduction for Allowance: | ||
One Allowance | 377.50 | |
No. Allowance claimed in Form W-4 | 3.00 | 1,132.50 |
Amount subject to withholding | 2,148.00 | |
Tax to be withhold: | ||
$77.20 plus 15% of excess over $960 | 255.40 |
Wage Bracket Method:
Table Applicable to single person with monthly payroll period is referred.
Applicable Range of Wages:Atleast 3280 but less than 3320'
Witholding tax is $276
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