Calculate federal income tax withholding

Assignment Help Taxation

Reference no: EM133261839

Assignment:

For each employee listed, use the wage-bracket method to calculate federal income tax withholding, assuming that each has submitted a pre-2020 Form W-4. Then calculate both the state income tax withholding (assuming a state tax rate of 5.0% of taxable pay, with taxable pay being the same for federal and state income tax withholding), and the local income tax withholding. Refer to Publication 15-T.

Alejandro Garcia (single; 3 federal withholding allowances) earned weekly gross pay of $1,110. He participates in a cafeteria plan, to which he pays $50 during the period. The city in which he works levies a tax of $12/week on employees who work within city limits.

Federal income tax withholding = $

State income tax withholding = $

Local income tax withholding = $

Reference no: EM133261839

Questions Cloud

How much additional property must ting transfer to meadows : How much additional property must Ting transfer to Meadows Inc. in order for her ownership to count towards the control test? Support your answer.

Analyze how joan didion uses language : CIED 5703 University of Arkansas Analyze how Joan Didion uses language to develop a global issue in the provided excerpt.

What happened with the go-karts : MREAD 184 Modesto Junior College What happened with the go-karts and What happens to Enzo on a snowy night in Seattle? Who was involved?

Describe the tallinn manual : Assignment - Describe the Tallinn Manual, including its origins, objectives, and its Parts and Sections

Calculate federal income tax withholding : For each employee listed, use the wage-bracket method to calculate federal income tax withholding, assuming that each has submitted a pre-2020 Form W-4.

What emotions or feelings might this image evoke : What emotions or feelings might this image evoke and What do you make about Brabantio's question about "charms"? What ideas or attitudes might prompt

Evaluate at least three current approaches or trends : Evaluate at least three current approaches or trends related to training (in organizations), including pros and cons of each

Determine the clients business income : In preparing a tax return for one of his clients, an accountant uses the financial statements of another accountant to determine the client's business income.

How do you believe in the power : What type of community do you want to be a part of and How do you want to fit into the world? How do you want the world to be affected by you

User Account

All Pages