Lauprechta Incorporated has the following employees on payroll. Assume that all the employees has only one job or that step 2 of Form W-4 is not checked and all dependents are under the age of 17. Also, the employer uses the Percentage Method Tables for Manual Payroll Systems with Forms W-4 from 2020 or Later. Use percentage method tables for a manual payroll systems. Number of Dependents from Form Semimonthly Payroll $6,400 Marital Status W-4 3 Married Naila Wilfred $5,120 2 Married $ 3,720 0 Single Byron Annie $ 4,320 1 Single Required: Complete the table for taxes to be withheld for each pay period. Note: Round your intermediate computations and final answers to 2 decimal places. Employee Federal Withholding Tax Social Security Tax Medicare Tax Total Taxes Withheld Naila Wilfred Byron Annie

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter9: Current Liabilities And Contingent Obligations
Section: Chapter Questions
Problem 7RE: Wallace Corporation summarizes the following information from its weekly payroll records during...
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Lauprechta Incorporated has the following employees on payroll. Assume that all the employees has only one job or that step 2
of Form W-4 is not checked and all dependents are under the age of 17. Also, the employer uses the Percentage Method Tables
for Manual Payroll Systems with Forms W-4 from 2020 or Later. Use percentage method tables for a manual payroll systems.
Number of
Dependents
from Form
W-4
Semimonthly
Payroll
$ 6,400
$ 5,120
Marital
Status
Married
3
Naila
Wilfred
2
Married
$ 3,720
0
Byron
Annie
Single
$ 4,320
1
Single
Required:
Complete the table for taxes to be withheld for each pay period.
Note: Round your intermediate computations and final answers to 2 decimal places.
Employee
Federal Withholding
Tax
Social Security
Tax
Medicare Tax
Total Taxes
Withheld
Naila
Wilfred
Byron
Annie
Transcribed Image Text:Lauprechta Incorporated has the following employees on payroll. Assume that all the employees has only one job or that step 2 of Form W-4 is not checked and all dependents are under the age of 17. Also, the employer uses the Percentage Method Tables for Manual Payroll Systems with Forms W-4 from 2020 or Later. Use percentage method tables for a manual payroll systems. Number of Dependents from Form W-4 Semimonthly Payroll $ 6,400 $ 5,120 Marital Status Married 3 Naila Wilfred 2 Married $ 3,720 0 Byron Annie Single $ 4,320 1 Single Required: Complete the table for taxes to be withheld for each pay period. Note: Round your intermediate computations and final answers to 2 decimal places. Employee Federal Withholding Tax Social Security Tax Medicare Tax Total Taxes Withheld Naila Wilfred Byron Annie
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