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.

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 amount of Sophie's withholding for a monthly pay period. Sophie's withholding: $

b. Use the wage bracket method to determine the amount of Sophie's withholding for the same period. $

Answer #1

a. | Allowances for monthly pay as per circular E=337.50 | ||||||||||

Number of allowances claimed=2 | |||||||||||

Withholding allowance=2*337.50=675 | |||||||||||

Gross wages | 2900 | ||||||||||

Less: Withholding allowances | 675 | ||||||||||

Net wages | 2225 | ||||||||||

Net wages falls in the range of 969-3354 range of wages in the monthly payroll table for a single tax payer | |||||||||||

Sophies withholding=77.70+(3354-2225)*15%=$247.05 | |||||||||||

b. | Single with two allowance and income between $2880 and $2920= $317 (From wage bracket method table) | ||||||||||

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.
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 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...

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.

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...

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,...

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