c.  Use the percentage method assuming Sophie completed a 2020 Form W-4 and checked only the single box in Step 1(c). $fill in the blank f38992037fa2fd3_1   d.  Use the wage bracket method using the same assumptions in part c of this question. $fill in the blank 5148e2012058f9f_1

PAYROLL ACCT.,2019 ED.(LL)-TEXT
19th Edition
ISBN:9781337619783
Author:BIEG
Publisher:BIEG
Chapter4: Income Tax Withholding
Section: Chapter Questions
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  1. Withholding Methods (LO 9.1)

    Sophie is a single taxpayer. For the first payroll period in July 2020, she is paid wages of $2,200 monthly. Sophie claims one allowance on her pre-2020 Form W-4.

    Click here to access the withholding tables.

    IRS Publication 15-T, Federal Income Tax Withholding Method

    Pay period 2020 Allowance Amount
    Weekly $ 83  
    Biweekly 165  
    Semimonthly 179  
    Monthly 358  
    Quarterly 1,075  
    Semiannually 2,150  
    Annually 4,300  

    Round intermediate computations and your final answer to two decimal places.

     

     

     

    c.  Use the percentage method assuming Sophie completed a 2020 Form W-4 and checked only the single box in Step 1(c).
    $fill in the blank f38992037fa2fd3_1

     

    d.  Use the wage bracket method using the same assumptions in part c of this question.
    $fill in the blank 5148e2012058f9f_1

     
     
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