Find the percentage method income on Darcie Love's weekly gross earnings of S2,920. She has no adjustments to income, is married, and claims three withholdingallowances on her W-4 form.Click to view the table for withholding allowance according to the Percentage Method.The percentage method income on Darcie Love's weekly gross earnings is $ 2016 IRS Table for Figuring Withholding AllowanceAccording to the Percentage MethodPayroll PeriodOne WithholdingAllowanceWeeklyBiweeklySemimonthlyMonthlyQuarterlySemiannuallyAnnuallyDaily or miscellaneous (each day ofthe payroll period)$77.90155.80168.80337.501,012.502,025.004,050.0015.60

= Wage Expenses - ( One time Allowances × total no. allowances claimed by form W-4)=$2920 -( $77.90…

Answered: Find the percentage method income on…

Find the percentage method income on Darcie Love's weekly gross earnings of $2,920. She has no adjustments to income, is married, and claims three withholding allowances on her W-4 form.

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter10: Deductions And Losses: Certain Itemized Deductions

Section: Chapter Questions

Problem 2BCRQ

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Question

Find the percentage method income on Darcie Love's weekly gross earnings of S2,920. She has no adjustments to income, is married, and claims three withholding
allowances on her W-4 form.
Click to view the table for withholding allowance according to the Percentage Method.
The percentage method income on Darcie Love's weekly gross earnings is $

2016 IRS Table for Figuring Withholding Allowance
According to the Percentage Method
Payroll Period
One Withholding
Allowance
Weekly
Biweekly
Semimonthly
Monthly
Quarterly
Semiannually
Annually
Daily or miscellaneous (each day of
the payroll period)
$77.90
155.80
168.80
337.50
1,012.50
2,025.00
4,050.00
15.60

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