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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 22
Write an explanation of how to find the federal withholding tax using the percentage method. (See Objective.)
OBJECTIVE Find the federal withholding tax using the percentage method. Many companies today prefer to use the percentage method to determine federal withholding tax. The percentage method does not require the several pages of tables needed with the wage bracket method and is more easily adapted to computer applications in the processing of payrolls.
Percentage Method: Amount for One Withholding Allowanc e
OBJECTIVE Find the federal withholding tax using the percentage method. Many companies today prefer to use the percentage method to determine federal withholding tax. The percentage method does not require the several pages of tables needed with the wage bracket method and is more easily adapted to computer applications in the processing of payrolls.
Percentage Method: Amount for One Withholding Allowanc e
Explanation
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The personal income tax is the largest s...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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