Use the percentage method to compute the federal income taxes to withhold from the wages or salaries of each employee. If an amount is zero, enter "0". If required, round your calculations and final answers to the nearest cent. EmployeeNo.Employee NameMarital StatusNo. of WithholdingAllowancesGross Wageor SalaryAmountto BeWithheld1Amoroso, A.M4$1,610 weekly$fill in the blank 12Finley, R.S0825 biweeklyfill in the blank 23Gluck, E.S59,630 quarterlyfill in the blank 34Quinn, S.M8925 semimonthlyfill in the blank 45Treave, Y.M32,875 monthly

Normally the employer must refer Form W-4 of the employee when the…

Answered: Use the percentage method to compute…

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter13: Accounting For Payroll And Payroll Taxes

Section13.3: Reporting Withholding And Payroll Taxes

Problem 1WT

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Use the percentage method to compute the federal income taxes to withhold from the wages or salaries of each employee. If an amount is zero, enter "0". If required, round your calculations and final answers to the nearest cent.

Employee No.	Employee Name	Marital Status	No. of Withholding Allowances	Gross Wage or Salary	Amount to Be Withheld
1	Amoroso, A.	M	4	$1,610	weekly	$fill in the blank 1
2	Finley, R.	S	0	825	biweekly	fill in the blank 2
3	Gluck, E.	S	5	9,630	quarterly	fill in the blank 3
4	Quinn, S.	M	8	925	semimonthly	fill in the blank 4
5	Treave, Y.	M	3	2,875	monthly

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