The invoice date for a bill is April 13 with the terms 3/15 ROG. If the goods were received on April 23, determine the discount date and due date.
The invoice date for a bill is April 13 with the terms 3/15 ROG. If the goods were received on April 23, determine the discount date and due date.
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter7: Employee Earnings And Deductions
Section: Chapter Questions
Problem 7E
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Question
The invoice date for a bill is April 13 with the terms 3/15 ROG. If the goods were received on April 23, determine the discount date and due date.
A. April 18 and May 12
b.May 8 and May 28
C.May 15 and June 4
D.April 28 and May 18
Transcribed Image Text:... .
Percentage Method Tables for Income Tax Withholding
(For Wages Paid in 2012)
TABLE 1-WEEKLY Payroll Period
(a) SINGLE person (including head of household)-
If the amount of wages (after
subtracting withholding allowances) The amount of income tax
is:
Not over $41
Over-
$41
$209
$721
$1,688
$3.477
$7,510.
(b) MARRIED person-
If the amount of wages (after
subtracting withholding allowances)
is:
Not ovor $150
Över-
$156
$490
$1,615
$2,900
$4,338
$7,624.
The armount of income tax
to withhold is:
to withhold is:
.SO
.-.
But not over-
-%24209 . . .$0.00 plus 10%
$721 . ..$16.80 plus 16%
$1,688
$3,477. . $335.35 plus 289%
$7,510
of excess over-
-$41
-$209
-2721
$1,688
$3,477
-$7,510
But not over-
$490
21,515 . .
%$42,900
$4,338
-$7,624
.$0.00 plus 10%
.$33.40 plus 15%
$187.15 plus 25%
$533.40 plus 28%
$936.04 plus 33%
$2,020.42 plus 35%
of excess over-
-$156
-$490
-$1,515
$2,900
$4,338
-$7,624
$93.60 plus 25%
$836.27 plus 33%
$2,167.16 plus 35%
TABLE 2-BIWEEKLY Payroll Period
(a) SINGLE person (including head of household)-
If the amount of wages (after
subtracting withholding allowances) The amount of Income tax
(b) MARRIED person-
If the amount of wages (after
subtracting withholding allowances)
is:
Not over $312..
Over-
$312
$981
$3,031
$5,800
$8.675
$15,248
The amount of income tax
to withhold is:
Is:
to withhold is:
$0
Not over $83
Over-
$83
$417
$1,442
$3,377
$6,954
$15,019
.. SO
But not over
-%2417
-$1,442.. . .$33.40 plus 15%
$3,377. .
$6,954
$15,019
of excess over-
-%2483
$417
-$1,442
$3,377
-%246,954
$15,019
But not over-
-$981
-$3,031
$5,800 .. . .$374.40 plus 25%
$8,675. . .$1,066.65 plus 28%
-%2415.248
of oxcess over-
-$312
-$981
$3,031
-$5,800
-$8,675
-$15,248
$0.00 plus 10%
.$0.00 plus 10%
$66.90 plus 15%
. $187.15 plus 25%
$670.90 plus 28%
$1,672.46 plus 33%
$4,333.91 plus 35%
$1,871.65 plus 33%
$4,040.74 plus 35%
TABLE 3-SEMIMONTHLY Payroll Period
(a) SINGLE person (including head of household)-
If the amount of wages (after
subtracting withholding allowances) The amount of income tax
is:
Not over $90
Over-
$90
$452
$1.563
$3,658
$7,533
$16.271
(b) MARRIED person-
Ir the amount of wages (after
subtracting withholaing allowances)
is:
Not over $338
Over-
$338
$1,063
$3,283
$6,283
$9,398
$16,519.
The amount of Income tax
to withhold is:
$0
to withhold is:
.. $0
But not over-
-S452..
$1,563
$3,658
-$7,533
-$16.271
of excess over-
But not over-
$0.00 plus 10%
$36.20 plus 15%
. $202.85 plus 25%
. $726.60 plus 28%
.$1,811.60 plus 33%
$4,695.14 plus 35%
of excess over-
-$338
$1,063
-$3.283
$6.283
$9,398
-$16,519
-$1,063
-$43,263
.$0.00 plus 10%
$72.50 plus 15%
-$6,283 . .$405.50 plus 25%
-%$49,398 .. . .$1,155.50 plus 28%
$2,027.70 plus 33%
.$4,377.63 plus 35%
...
$452
$1,563
$3,658
$7,533
-2416,271
-$16,519
TABLE 4-MONTHLY Payroll Period
(a) SINGLE person (including head of household)-
If the amount of wages (after
subtracting withholding allowances) The amount of income tax
is:
Not over $179
(b) MARRIED person
If the amount of wages (after
subtracting withholding allowances)
is:
Not over $675
Over-
$675
$2,125
$6,667
$12,567
$18,796
$33,038
to withhold is:
SO
The amount of income tax
to withhold is:
over
$179
$904
$3,125
$7,317
$15,067
$32,542
But not over-
-$904
-$43,125
$7.317 .
$15,067
-%$32.542
$0.00 plus 10%
$72.50 plus 15%
$405.65 plus 25%
$1,453.65 plus 28%
$3.623.65 plus 33%
$9,390.40 plus 35%
of excess over-
$179
$904
$3,125
$7,317
$15,067
-S32,542
But not over
$2.125
$6,567
$12.567
$18,796
$33.038
$0.00 plus 10%
$145.00 plus 15%
$811.30 plus 25%
$2,311.30 plus 28%
$4.055.42 plus 33%
$8,755.28 plus 95%
of excess over-
$675
-%242,125
-$46,567
$12,587
$18,796
$33,038
Payroll Period
One Withholding
Allowance
Weekly.
Biweekly
Semimonthly
Monthly
Quarterly
Semiannually
Annually
Daily or miscellaneous (each day of the payroll
perlod)
$73.08
146.15
158.33
316.67
950.00
1,900.00
3,800.00
14.62
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