Christopher receives gross monthly wages of $5,650.00. He is married and is entitled to 3 withholding allowances. How much income tax will be withheld, based on the percentage method tables in Exhibit 9-1 and Exhibit 9-2 from your text?

Transcribed Image Text:EXHIBIT 9-1 Percentage Method Amount for One Withholding Allowance One Withholding Allowance Payroll Period Weekly . Biweekly . Semimonthly Monthly Quarterly Semiannually Annually . Daily or miscellaneous (each day of the payroll period) . $ 79.80 159.60 172.90 345.80 1,037.50 2,075.00 4,150.00 16.00 ... . ..
Transcribed Image Text:EXHIBIT 9-2 Tables for Percenta ge Method of Withhdiding Percentage Method Tables for Income Tax Withholding (For Wages Paid in 20XX) (a) SINGLE person (including head of househdid- If the amount of wages (after subracting withholding alowances) is Not aver $71. TABLE 1-WEEKLY Payroll Period (b) MARRIED person- If the amount of wages Cafter subtracting withhdiding allowance) is The amount of inaome tax The amount of income tax to withhold is: to withhdid is Not over $222 of excess over-Over- $222 Over- of exces over- But not over -5254 -S815 But not over- $0.00 plus 10% $36.60 plus 12% $171.36 plus 22% $541.84 plus 24% $1.234 24 plus 32% $1,757.12 plus 35% $3, 103 57 plus 37% $71 $254 -$222 -5588 $0.00 plus 10% $18.30 plus 12% $85.62 plus 22% $271.08 plus 24% $617.16 plus 32% $878.60 plus 35% $2,898.10 plus 37% -571 -5254 --5588 $588 $8 15 $1,658 $3,100 $3917 $9,687 -51,658 --53,100 -53,917 -59,687 --$1,711 --53,395 --56,280 -57,914 --$11,761 -S815 -51,658 -53, 100 -53,917 -59,687 $1,711 $3,395 $6,280 $7,914 $11,761 --$1,711 -53,395 -$6,280 -$7,914 -S11,761 TABLE 2-BWEEKLY Payroll Period (a) SINGLE person (including head of househdid- If the amount of wages (after subtracting withholding alowances) is (b) MARRIED person- If the amount of wages Cafter subtracting withhdiding allowance) is The amount of income tax The amount of incame tax to withhold is: to withhdid is Not aver $142. Not over $444 of excess over-Over- -5142 -5509 Over- of exes over- But not over- -5509 But not over- $142 $0.00 plus 10% $36.70 plus 12% $171.34 plus 22% $541 82 plus 24% $1.234 22 plus 32% $1,757 42 plus 35% $5,795.72 plus 37% -51,177 -53,421 -56,790 -$12,560 -$15,829 S0.00 plus 10% $73.30 plus 12% $342 58 plus 22% $1,083.76 plus 24% $2.468 56 plus 32% $3,514.64 plus 35% $6.206.84 plus 37% $444 -5444 $509 $1,631 $3315 $6.200 $7835 $19.373 -51,631 --53,315 --6,200 --57835 -5 19,373 $1,177 $3,421 $6,790 $12,560 $15,829 $23,521 -$1,177 -51,631 -53,315 -56,200 -57,835 -S19,373 -53,421 -6,790 -$12.560 -$15,829 --S23,521 -523,521 TABLE 3-SEMIMONTHLY Payroll Period (b) MARRIED person If the amount of wages Cafter subtracting withhdiding allowance) is Not over $481 (a) SINGLE person (including head of hausehdid- If the amount of wages (ater subtacting withhdiding alowanon) is The amount of income tax The amount of income t to withhdid is to withhold is: Not over $154 s0 of excess over- Over- -5 154 of excess over- Over- $154 $551 But not over- -5551 -51,767 --53,592 --$6,717 -58,488 -520,988 $0.00 plus 10% $39.70 plus 12% $185.62 plus 22% $587.12 plus 24% $1,337.12 plus 32% $1,903 84 plus 35% $6.278 84 plus 37% But not over- -51,275 --53,706 -57,356 --S13,606 -517,148 -S$25,481 $481 $1,767 $3.592 $6,717 S8488 $20,988 -5551 -51,767 -53,592 -56,717 -58,488 -S20,988 $1.275 $3,706 $7.356 $13,606 $17,148 $25,481 s0.00 plus 10% $79.40 plus 12% $371.12 plus 22% $1,174.12 plus 24% $2,674. 12 plus 32% $3,807.11 plus 35% $6,724.11 plus 37% -S481 -$1.275 -53,706 -57,356 -$13,606 -$17,148 -$25,481 TABLE 4-MONTHLY Payroll Period (a) SINGLE person (including head of hausehdid- If the amount of wages (after subtacting withholding alowances) is (b) MARRIED person- If the amount of wages (after subtracting withhdiding allowances) is The amount of income tax The amount of incame tax b withhold is: to withhdid is: Not over $963 of excess over- Over- $963 Not over $308. of exes over- -$963 -52,550 -57A13 -514,713 -$27 213 -534,296 $13,448 27 plus 37 % -550,963 Over- But not over- But not over- $308 $1,102 $3.533 $7,183 $13,433 $16975 $41,975. -51,102 -53,533 --57,183 -513,433 -516,975 -541,975 $0.00 plus 10% $79.40 plus 12% $371.12 plus 22% $1,174.12 plus 24% $2,674.12 plus 32% $3,807 56 plus 35% $2,550 $7,413 $14,713 -$13,433 $27 213 -$16,975 $34,296 $12,55756 plus 37% -541,975 $50,963. -5308 -51, 102 -53,533 -57, 183 -52550 -57413 -$14713 -$27213 -$34296 -$50,963 $000 plus 10% $158.70 plus 12% $742.26 plus 22% $234826 plus 24% $5.34526 plus 32% $7,61482 plus 35%

Question

Christopher receives gross monthly wages of $5,650.00. He is married and is entitled to 3 withholding allowances. How much income tax will be withheld, based on the percentage method tables in Exhibit 9-1 and Exhibit 9-2 from your text?

EXHIBIT 9-1
Percentage Method Amount for One Withholding Allowance
One Withholding
Allowance
Payroll Period
Weekly .
Biweekly .
Semimonthly
Monthly
Quarterly
Semiannually
Annually .
Daily or miscellaneous (each day of the payroll
period) .
$
79.80
159.60
172.90
345.80
1,037.50
2,075.00
4,150.00
16.00
...
. ..

EXHIBIT 9-2 Tables for Percenta ge Method of Withhdiding
Percentage Method Tables for Income Tax Withholding
(For Wages Paid in 20XX)
(a) SINGLE person (including head of househdid-
If the amount of wages
(after subracting
withholding alowances) is
Not aver $71.
TABLE 1-WEEKLY Payroll Period
(b) MARRIED person-
If the amount of wages
Cafter subtracting
withhdiding allowance) is
The amount of inaome tax
The amount of income tax
to withhold is:
to withhdid is
Not over $222
of excess over-Over-
$222
Over-
of exces over-
But not over
-5254
-S815
But not over-
$0.00 plus 10%
$36.60 plus 12%
$171.36 plus 22%
$541.84 plus 24%
$1.234 24 plus 32%
$1,757.12 plus 35%
$3, 103 57 plus 37%
$71
$254
-$222
-5588
$0.00 plus 10%
$18.30 plus 12%
$85.62 plus 22%
$271.08 plus 24%
$617.16 plus 32%
$878.60 plus 35%
$2,898.10 plus 37%
-571
-5254
--5588
$588
$8 15
$1,658
$3,100
$3917
$9,687
-51,658
--53,100
-53,917
-59,687
--$1,711
--53,395
--56,280
-57,914
--$11,761
-S815
-51,658
-53, 100
-53,917
-59,687
$1,711
$3,395
$6,280
$7,914
$11,761
--$1,711
-53,395
-$6,280
-$7,914
-S11,761
TABLE 2-BWEEKLY Payroll Period
(a) SINGLE person (including head of househdid-
If the amount of wages
(after subtracting
withholding alowances) is
(b) MARRIED person-
If the amount of wages
Cafter subtracting
withhdiding allowance) is
The amount of income tax
The amount of incame tax
to withhold is:
to withhdid is
Not aver $142.
Not over $444
of excess over-Over-
-5142
-5509
Over-
of exes over-
But not over-
-5509
But not over-
$142
$0.00 plus 10%
$36.70 plus 12%
$171.34 plus 22%
$541 82 plus 24%
$1.234 22 plus 32%
$1,757 42 plus 35%
$5,795.72 plus 37%
-51,177
-53,421
-56,790
-$12,560
-$15,829
S0.00 plus 10%
$73.30 plus 12%
$342 58 plus 22%
$1,083.76 plus 24%
$2.468 56 plus 32%
$3,514.64 plus 35%
$6.206.84 plus 37%
$444
-5444
$509
$1,631
$3315
$6.200
$7835
$19.373
-51,631
--53,315
--6,200
--57835
-5 19,373
$1,177
$3,421
$6,790
$12,560
$15,829
$23,521
-$1,177
-51,631
-53,315
-56,200
-57,835
-S19,373
-53,421
-6,790
-$12.560
-$15,829
--S23,521
-523,521
TABLE 3-SEMIMONTHLY Payroll Period
(b) MARRIED person
If the amount of wages
Cafter subtracting
withhdiding allowance) is
Not over $481
(a) SINGLE person (including head of hausehdid-
If the amount of wages (ater
subtacting withhdiding
alowanon) is
The amount of income tax
The amount of income t
to withhdid is
to withhold is:
Not over $154
s0
of excess over- Over-
-5 154
of excess over-
Over-
$154
$551
But not over-
-5551
-51,767
--53,592
--$6,717
-58,488
-520,988
$0.00 plus 10%
$39.70 plus 12%
$185.62 plus 22%
$587.12 plus 24%
$1,337.12 plus 32%
$1,903 84 plus 35%
$6.278 84 plus 37%
But not over-
-51,275
--53,706
-57,356
--S13,606
-517,148
-S$25,481
$481
$1,767
$3.592
$6,717
S8488
$20,988
-5551
-51,767
-53,592
-56,717
-58,488
-S20,988
$1.275
$3,706
$7.356
$13,606
$17,148
$25,481
s0.00 plus 10%
$79.40 plus 12%
$371.12 plus 22%
$1,174.12 plus 24%
$2,674. 12 plus 32%
$3,807.11 plus 35%
$6,724.11 plus 37%
-S481
-$1.275
-53,706
-57,356
-$13,606
-$17,148
-$25,481
TABLE 4-MONTHLY Payroll Period
(a) SINGLE person (including head of hausehdid-
If the amount of wages
(after subtacting
withholding alowances) is
(b) MARRIED person-
If the amount of wages
(after subtracting
withhdiding allowances) is
The amount of income tax
The amount of incame tax
b withhold is:
to withhdid is:
Not over $963
of excess over- Over-
$963
Not over $308.
of exes over-
-$963
-52,550
-57A13
-514,713
-$27 213
-534,296
$13,448 27 plus 37 % -550,963
Over-
But not over-
But not over-
$308
$1,102
$3.533
$7,183
$13,433
$16975
$41,975.
-51,102
-53,533
--57,183
-513,433
-516,975
-541,975
$0.00 plus 10%
$79.40 plus 12%
$371.12 plus 22%
$1,174.12 plus 24%
$2,674.12 plus 32%
$3,807 56 plus 35%
$2,550
$7,413
$14,713
-$13,433 $27 213
-$16,975 $34,296
$12,55756 plus 37% -541,975 $50,963.
-5308
-51, 102
-53,533
-57, 183
-52550
-57413
-$14713
-$27213
-$34296
-$50,963
$000 plus 10%
$158.70 plus 12%
$742.26 plus 22%
$234826 plus 24%
$5.34526 plus 32%
$7,61482 plus 35%

Accepted Answer

Given : Christopher receives gross monthly wages of $5,650.00.
He is married and is entitled to 3…