Don Beldon earns $7.50/hour, and worked 43 hours during the most recent week. He participates in a cafeteria plan, to which he pays $100 each period. Don Beldon is single, and claims three federal and two state withholding allowances.

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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Complete the FWT (wage-bracket method) and SWT columns of the payroll register using the employee data listed below. The associated pay period ends on 08/07/2020, with paychecks being
printed and distributed six days later. Every employee earns hourly overtime wages 1.5 times greater than their regular wage rate. Enter all employees' names in the format Last Name, First
Initial (for example: Rick Smith would be written as Smith, R). The state income tax withholding rate is 5.0% of taxable pay, with taxable pay being the same for federal and state income tax
withholding. Note that the Voluntary Withholding column, for which partial information is provided below, has been populated based on the partial information shown here.
2. Don Beldon earns $7.50/hour, and worked 43 hours during the most recent week. He participates in a cafeteria plan, to which he pays $100 each period. Don Beldon is single, and claims
three federal and two state withholding allowances.
Transcribed Image Text:Complete the FWT (wage-bracket method) and SWT columns of the payroll register using the employee data listed below. The associated pay period ends on 08/07/2020, with paychecks being printed and distributed six days later. Every employee earns hourly overtime wages 1.5 times greater than their regular wage rate. Enter all employees' names in the format Last Name, First Initial (for example: Rick Smith would be written as Smith, R). The state income tax withholding rate is 5.0% of taxable pay, with taxable pay being the same for federal and state income tax withholding. Note that the Voluntary Withholding column, for which partial information is provided below, has been populated based on the partial information shown here. 2. Don Beldon earns $7.50/hour, and worked 43 hours during the most recent week. He participates in a cafeteria plan, to which he pays $100 each period. Don Beldon is single, and claims three federal and two state withholding allowances.
2020 Percentage Method Tables for Manual Payroll Systems With Forms W-4 From 2020 or Later
WEEKLY Payroll Perlod
STANDARD Withholding Rate Schedules
(Use these if the box in Step 2 of Form W-4 is NOT checked)
Form W-4, Step 2, Checkbox, Withholding Rate Schedules
(Use these if the box in Step 2 of Form W-4 IS checked)
of the
If the Adjusted Wage
Amount (Ilne 1h) Is:
If the Adjusted Wage
Amount (Ilne 1h) Is:
amount that
the Adjusted
Wage
of the
The
amount that
the Adjusted
Wage
The
tentative
tentative
Plus this
But less
than-
amount to
withhold Is:
But less
amount to
Plus this
percentage- exceeds-
At least-
than-
withhold Is:
At least-
percentage- exceeds-
C
E
B
D
Married Filing Jointly
Married Filing Jointly
$0.00
0%
$238
$428
$0
sO
$0
$477
$0.00
0%
$0
$238
$0.00
10%
$238
$477
$857
$2,020
$3,766
$6,758
$8,452
$12,439
$477
$857
$0.00
10%
$19.00
$1,010
$1,883
$3,379
$4,226
$6,220
$428
12%
$428
$857
$2,020
$3,766
$6,758
$8,452
$12,439
$38.00
12%
$88.84
22%
$1,010
$1,883
$3,379
$4,226
$6,220
$1,010
$1,883
$3,379
$4,226
S6,220
$2,020
$177.56
22%
$280.90
24%
$3,766
$561.68
24%
S639.94
32%
$6,758
$1,279.76
32%
$910.98
35%
$8,452
$1,821.84
35%
$1,608.88
37%
S12,439
$3,217.29
37%
Single or Married Filing Separately
Single or Married Filing Separately
$0.00
$0
$0
$119
$0.00
0%
$0
$0
$238
0%
$214
$0.00
10%
$119
$238
S428
$1,010
$1,883
$3,379
$4,226
$238
$428
$0.00
10%
$119
$428
$19.00
12%
$214
S505
$9.50
12%
$214
$1,010
$1,883
$3,379
$4,226
$10,208
$1,010
$88.84
22%
$505
$942
$44.42
22%
$505
$1,689
$2,113
$5,104
24%
$942
$140.56
24%
$942
$1,883
$3,379
$4,226
$10,208
$280.90
32%
$1,689
$2,113
$5,104
$319.84
$1,689
$2,113
$639.94
32%
$910.98
35%
$455.52
35%
$3,004.68
37%
$10,208
$1,502.37
37%
$5,104
Head of Household
Head of Household
$359
$0.00
0%
$0
$0
$179
$0.00
0%
$0
$359
$630
$1,391
$2,003
$3,499
$4,346
$359
$630
$0.00
10%
$179
$315
$0.00
10%
$179
$630
$315
$696
$13.60
$1,391
$2,003
$3,499
$4,346
$10,328
$27.10
12%
12%
$315
$1,001
$1,750
$696
$59.32
$1,391
$2,003
$3,499
$4,346
$10,328
$118.42
22%
22%
$696
$1,001
$1,750
$2,173
$5,164
$253.06
24%
$126.42
24%
$1,001
$2,173
$5,164
$612.10
32%
$306.18
32%
$1,750
$2,173
$883,14
35%
$441.54
35%
$2,976.84
37%
$10,328
$1,488.39
37%
$5,164
Transcribed Image Text:2020 Percentage Method Tables for Manual Payroll Systems With Forms W-4 From 2020 or Later WEEKLY Payroll Perlod STANDARD Withholding Rate Schedules (Use these if the box in Step 2 of Form W-4 is NOT checked) Form W-4, Step 2, Checkbox, Withholding Rate Schedules (Use these if the box in Step 2 of Form W-4 IS checked) of the If the Adjusted Wage Amount (Ilne 1h) Is: If the Adjusted Wage Amount (Ilne 1h) Is: amount that the Adjusted Wage of the The amount that the Adjusted Wage The tentative tentative Plus this But less than- amount to withhold Is: But less amount to Plus this percentage- exceeds- At least- than- withhold Is: At least- percentage- exceeds- C E B D Married Filing Jointly Married Filing Jointly $0.00 0% $238 $428 $0 sO $0 $477 $0.00 0% $0 $238 $0.00 10% $238 $477 $857 $2,020 $3,766 $6,758 $8,452 $12,439 $477 $857 $0.00 10% $19.00 $1,010 $1,883 $3,379 $4,226 $6,220 $428 12% $428 $857 $2,020 $3,766 $6,758 $8,452 $12,439 $38.00 12% $88.84 22% $1,010 $1,883 $3,379 $4,226 $6,220 $1,010 $1,883 $3,379 $4,226 S6,220 $2,020 $177.56 22% $280.90 24% $3,766 $561.68 24% S639.94 32% $6,758 $1,279.76 32% $910.98 35% $8,452 $1,821.84 35% $1,608.88 37% S12,439 $3,217.29 37% Single or Married Filing Separately Single or Married Filing Separately $0.00 $0 $0 $119 $0.00 0% $0 $0 $238 0% $214 $0.00 10% $119 $238 S428 $1,010 $1,883 $3,379 $4,226 $238 $428 $0.00 10% $119 $428 $19.00 12% $214 S505 $9.50 12% $214 $1,010 $1,883 $3,379 $4,226 $10,208 $1,010 $88.84 22% $505 $942 $44.42 22% $505 $1,689 $2,113 $5,104 24% $942 $140.56 24% $942 $1,883 $3,379 $4,226 $10,208 $280.90 32% $1,689 $2,113 $5,104 $319.84 $1,689 $2,113 $639.94 32% $910.98 35% $455.52 35% $3,004.68 37% $10,208 $1,502.37 37% $5,104 Head of Household Head of Household $359 $0.00 0% $0 $0 $179 $0.00 0% $0 $359 $630 $1,391 $2,003 $3,499 $4,346 $359 $630 $0.00 10% $179 $315 $0.00 10% $179 $630 $315 $696 $13.60 $1,391 $2,003 $3,499 $4,346 $10,328 $27.10 12% 12% $315 $1,001 $1,750 $696 $59.32 $1,391 $2,003 $3,499 $4,346 $10,328 $118.42 22% 22% $696 $1,001 $1,750 $2,173 $5,164 $253.06 24% $126.42 24% $1,001 $2,173 $5,164 $612.10 32% $306.18 32% $1,750 $2,173 $883,14 35% $441.54 35% $2,976.84 37% $10,328 $1,488.39 37% $5,164
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