Mark's gross annual salary is $78,082 with biweekly paychecks. If he is married and has 3 dependent children, compute the biweekly withholding his employer will send to the IRS. Use the following information: • Biweekly allowance: $165.38 per person. 2022 Married Person Biweekly Withholding Table Taxable Wages 50-$498 $498-$893 $893-$2,105 $2,105-$3,924 $3,924-$7,038 $7,038-$8,804 58 804512 957 Wages Withholding $0.00 50.00 plus 10% of amount exceeding $498 $39.50 plus 12% of amount exceeding $893 $184.94 plus 22% of amount exceeding $2,105 S585.12 plus 24% of amount exceeding $3,924 $1,332.48 plus 32% of amount exceeding $7,038 51 897.60 plus 25% of amount exceeding $8.804
Mark's gross annual salary is $78,082 with biweekly paychecks. If he is married and has 3 dependent children, compute the biweekly withholding his employer will send to the IRS. Use the following information: • Biweekly allowance: $165.38 per person. 2022 Married Person Biweekly Withholding Table Taxable Wages 50-$498 $498-$893 $893-$2,105 $2,105-$3,924 $3,924-$7,038 $7,038-$8,804 58 804512 957 Wages Withholding $0.00 50.00 plus 10% of amount exceeding $498 $39.50 plus 12% of amount exceeding $893 $184.94 plus 22% of amount exceeding $2,105 S585.12 plus 24% of amount exceeding $3,924 $1,332.48 plus 32% of amount exceeding $7,038 51 897.60 plus 25% of amount exceeding $8.804
Chapter7: Deductions And Losses: Certain Business Expenses And Losses
Section: Chapter Questions
Problem 44P: Xinran, who is married and files a joint return, owns a grocery store. In 2019 his gross sales were...
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