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Lauprechta Inc. has the following employees on payroll: Assume that the employer uses the percentage method...

Lauprechta Inc. has the following employees on payroll: Assume that the employer uses the percentage method of withholding. Use withholding allowance and percentage method tables.

Complete the table for taxes to be withheld for each pay period. (Round your intermediate computations and final answers to 2 decimal places.)

Semimonthly Payroll Withholding Allowances Marital Status
Naila $ 4,400 1 Married
Wilfred $ 5,300 4 Married
Byron $ 3,600 1 Single
Annie $ 4,200 4 Single
Business   Accounting   
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Answer #1
Income tax to be withhold from semimonthly wages using the Percentage method
Wages (1) Marital Status (2) Allowances (3) Amount for One withholding allowance (4) Allowance amount           (5)= (3 x 4) Amount subject to withholding   (6)=(1-5) Tax to be withheld
Naila $4,400 M 1 $172.90 $172.90 $4,227.10 $485.76
Wilfred $5,300 M 4 $172.90 $691.60 $4,608.40 $569.65
Byron $3,600 S 1 $172.90 $172.90 $3,427.10 $550.84
Annie $4,200 S 4 $172.90 $691.60 $3,508.40 $568.73
Working Note:
Naila =((4227.1-3706)*22%)+371.12
Wilfred =((4608.40-3706)*22%)+371.12
Byron =((3427.10-1767)*22%)+185.62
Annie =((3508.40-1767)*22%)+185.62
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