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Federal income tax withholding Marsha Mellow’s weekly gross earnings for the present week were $1,250. Mellow has one exemption. Using the wage bracket withholding table in Exhibit 2 with a $75 standard Withholding allowance for each exemption, what is Mellow’s federal income tax withholding?

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Financial Accounting

15th Edition
Carl Warren + 2 others
Publisher: Cengage Learning
ISBN: 9781337272124

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Section
BuyFindarrow_forward

Financial Accounting

15th Edition
Carl Warren + 2 others
Publisher: Cengage Learning
ISBN: 9781337272124
Chapter 11, Problem 2PEB
Textbook Problem
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Federal income tax withholding

Marsha Mellow’s weekly gross earnings for the present week were $1,250. Mellow has one exemption. Using the wage bracket withholding table in Exhibit 2 with a $75 standard Withholding allowance for each exemption, what is Mellow’s federal income tax withholding?

To determine

Calculate M’s federal income tax withholding.

Explanation of Solution

Calculate M’s federal income tax withholding, if her gross earnings for the week are $1,250 and number of exemption (allowance) is one.

Step 1: Calculate the amount subject to withholding.

  Amount subject to withholding = Gross earnings  Withholding allowances amount= $1,250  ($75×1allowance)=$1,250$75=$1,175

Step 2: Calculate federal income tax withholding

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Chapter 11 Solutions

Financial Accounting
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