Chapter 9.II, Problem 11TIE

BuyFind*arrow_forward*

8th Edition

Robert Brechner + 1 other

ISBN: 9781305585447

Textbook Problem

Jan McMillan is married, claims five exemptions, and earns $5,670 per month. As the payroll manager of Jan’s company, use the percentage method to calculate the amount of income tax that must be withheld from her paycheck.

To determine

**To calculate:** The amount of tax that must be withheld from the pay check by using percentage method when a person is married and claims five exemptions and earns

Explanation

**Given Information:**

The person is married and claims five exemptions and his gross pay is

**Formula used:**

The withholding allowance is given by

Taxable income is given by

Withholding tax is equal to

**Calculation:**

Consider the statement,

The person is married and claims five exemptions and his gross pay is

The withholding allowance is given by

As the payroll period is per month. Therefore, from the exhibit 9-1, one withholding allowance for monthly is 329.20.

Therefore, withholding allowance for 5 exemptions is:

Sect-9.I P-1TIESect-9.I P-2TIESect-9.I P-3TIESect-9.I P-4TIESect-9.I P-5TIESect-9.I P-6TIESect-9.I P-7TIESect-9.I P-8TIESect-9.I P-1RESect-9.I P-2RE

Sect-9.I P-3RESect-9.I P-4RESect-9.I P-5RESect-9.I P-6RESect-9.I P-7RESect-9.I P-8RESect-9.I P-9RESect-9.I P-10RESect-9.I P-11RESect-9.I P-12RESect-9.I P-13RESect-9.I P-14RESect-9.I P-15RESect-9.I P-16RESect-9.I P-17RESect-9.I P-18RESect-9.I P-19RESect-9.I P-20RESect-9.I P-21RESect-9.I P-22RESect-9.I P-23RESect-9.I P-24RESect-9.I P-25RESect-9.I P-26RESect-9.I P-27RESect-9.I P-28RESect-9.II P-9TIESect-9.II P-10TIESect-9.II P-11TIESect-9.II P-12TIESect-9.II P-1RESect-9.II P-2RESect-9.II P-3RESect-9.II P-4RESect-9.II P-5RESect-9.II P-6RESect-9.II P-7RESect-9.II P-8RESect-9.II P-9RESect-9.II P-10RESect-9.II P-11RESect-9.II P-12RESect-9.II P-13RESect-9.II P-14RESect-9.II P-15RESect-9.II P-16RESect-9.II P-17RESect-9.II P-18RESect-9.II P-19RESect-9.III P-13TIESect-9.III P-14TIESect-9.III P-15TIESect-9.III P-16TIESect-9.III P-17TIESect-9.III P-1RESect-9.III P-2RESect-9.III P-3RESect-9.III P-4RESect-9.III P-5RESect-9.III P-6RESect-9.III P-7RESect-9.III P-8RESect-9.III P-9RESect-9.III P-10RESect-9.III P-11RESect-9.III P-12RESect-9.III P-13RECh-9 P-1CRCh-9 P-2CRCh-9 P-3CRCh-9 P-4CRCh-9 P-5CRCh-9 P-6CRCh-9 P-7CRCh-9 P-8CRCh-9 P-9CRCh-9 P-10CRCh-9 P-11CRCh-9 P-12CRCh-9 P-13CRCh-9 P-14CRCh-9 P-1ATCh-9 P-2ATCh-9 P-3ATCh-9 P-4ATCh-9 P-5ATCh-9 P-6ATCh-9 P-7ATCh-9 P-8ATCh-9 P-9ATCh-9 P-10ATCh-9 P-11ATCh-9 P-12ATCh-9 P-13ATCh-9 P-14ATCh-9 P-15ATCh-9 P-16ATCh-9 P-17ATCh-9 P-18ATCh-9 P-19ATCh-9 P-20ATCh-9 P-21ATCh-9 P-22ATCh-9 P-23ATCh-9 P-24AT

Essentials of Statistics for The Behavioral Sciences (MindTap Course List)

Calculus: Early Transcendental Functions

Elementary Technical Mathematics

Statistics for The Behavioral Sciences (MindTap Course List)

Mathematical Applications for the Management, Life, and Social Sciences

Multivariable Calculus

Elementary Geometry For College Students, 7e

Finite Mathematics and Applied Calculus (MindTap Course List)

Calculus: Early Transcendentals

Essentials Of Statistics

Precalculus: Mathematics for Calculus (Standalone Book)

Calculus (MindTap Course List)

Probability and Statistics for Engineering and the Sciences

Mathematical Excursions (MindTap Course List)

Single Variable Calculus: Early Transcendentals, Volume I

Intermediate Algebra

Single Variable Calculus

Finite Mathematics

Calculus: An Applied Approach (MindTap Course List)

Applied Calculus for the Managerial, Life, and Social Sciences: A Brief Approach

Understanding Basic Statistics

Applied Calculus

Elements Of Modern Algebra

Calculus: Early Transcendental Functions (MindTap Course List)

Single Variable Calculus: Early Transcendentals

Trigonometry (MindTap Course List)

Calculus of a Single Variable

Study Guide for Stewart's Single Variable Calculus: Early Transcendentals, 8th

Finite Mathematics for the Managerial, Life, and Social Sciences

Elementary Geometry for College Students

Study Guide for Stewart's Multivariable Calculus, 8th

College Algebra (MindTap Course List)

Introduction To Statistics And Data Analysis

Mathematics For Machine Technology

Research Methods for the Behavioral Sciences (MindTap Course List)

Statistics for Business & Economics, Revised (MindTap Course List)

Multivariable Calculus

STATISTICS F/BUSINESS+ECONOMICS-TEXT

Research Methods for the Behavioral Sciences (MindTap Course List)

Calculus (MindTap Course List)