PSb 3-7 Calculate Federal Income Tax Withholding Using the Percentage Method (2020 Form W-4) For each employee listed, use the percentage method to calculate federal income tax withholding for an employee who has submitted a 2020 Form W-4. Refer to Appendix A, 2020 Federal Tax Tables in your textbook. Publication 15-T (2020) 1: Julia Jacobsen files as single on her tax return and earned weekly gross pay of 500. For each pay period she makes a 401(k) contribution of 2% of gross pay. Julia checked box 2c on Form W-4, entered $40 on line 4c of the form, and did not enter any information in step 3 of the form. Federal income tax withholding = 2: Alejandro Wright files as single on his tax return and earned weekly gross pay of 1300. He does not make any retirement plan contributions. Alejandro entered 500 in step 3 of the form and did not enter any information in steps 2 & 4 of the form. Federal income tax withholding = $ Tentative Federal Income Tax Withholding = $ 3: Beatrice Nen files as married filing jointly on her tax return and earned weekly gross pay of 1130. For each pay period she makes a flexible spending account contribution of 5% of gross pay. Beatrice did not enter any information in steps 2-4 of the form. Federal income tax withholding = $
PSb 3-7 Calculate Federal Income Tax Withholding Using the Percentage Method (2020 Form W-4) For each employee listed, use the percentage method to calculate federal income tax withholding for an employee who has submitted a 2020 Form W-4. Refer to Appendix A, 2020 Federal Tax Tables in your textbook. Publication 15-T (2020) 1: Julia Jacobsen files as single on her tax return and earned weekly gross pay of 500. For each pay period she makes a 401(k) contribution of 2% of gross pay. Julia checked box 2c on Form W-4, entered $40 on line 4c of the form, and did not enter any information in step 3 of the form. Federal income tax withholding = 2: Alejandro Wright files as single on his tax return and earned weekly gross pay of 1300. He does not make any retirement plan contributions. Alejandro entered 500 in step 3 of the form and did not enter any information in steps 2 & 4 of the form. Federal income tax withholding = $ Tentative Federal Income Tax Withholding = $ 3: Beatrice Nen files as married filing jointly on her tax return and earned weekly gross pay of 1130. For each pay period she makes a flexible spending account contribution of 5% of gross pay. Beatrice did not enter any information in steps 2-4 of the form. Federal income tax withholding = $
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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Transcribed Image Text:PSb 3-7 Calculate Federal Income Tax Withholding Using the Percentage Method (2020 Form W-4)
For each employee listed, use the percentage method to calculate federal income tax withholding for an employee who has submitted a 2020 Form W-4. Refer to Appendix A, 2020
Federal Tax Tables in your textbook.
Publication 15-T (2020)
1: Julia Jacobsen files as single on her tax return and earned weekly gross pay of 500. For each pay period she makes a 401(k) contribution of 2% of gross pay. Julia
checked box 2c on Form W-4, entered $40 on line 4c of the form, and did not enter any information in step 3 of the form.
Federal income tax withholding = |
2: Alejandro Wright files as single on his tax return and earned weekly gross pay of 1300. He does not make any retirement plan contributions. Alejandro entered 500 in
step 3 of the form and did not enter any information in steps 2 & 4 of the form.
Federal income tax withholding = $
Tentative Federal Income Tax Withholding = $
3: Beatrice Nen files as married filing jointly on her tax return and earned weekly gross pay of 1130. For each pay period she makes a flexible spending account contribution
of 5% of gross pay. Beatrice did not enter any information in steps 2-4 of the form.
Federal income tax withholding = $
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