Solved

Warren Is a Married Employee with Six Withholding Allowances

Question 23

Multiple Choice

Warren is a married employee with six withholding allowances. During the most recent biweekly pay period, he earned $9,450.00. Using the percentage method, compute Warren's federal income tax. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Table 5. Percentage Method-2019 Amount for one Withholding Allowance
Payroll Period One Withholding
Allowance
Weekly $80.80
Biweekly 161.50
Semimonthly 175.00
Monthly 350.00
Quarterly 1,050.00
Semiannually 2,100.00
Annually 4,200.00
Daily or miscellaneous (each day of the payroll period) 16.20
TABLE 2-BIWEEKLY Payroll Period
(a) SINGLE person (including head of household) - (b) MARRIED person-
If the amount of wages (after If the amount of wages (after
Subtracting withholding subtracting withholding
Allowances) is: The amount of income tax to withhold is: allowances) is: The amount of income tax to withhold is
Not over $142...... $0 Not over $444...... $0
Over- But not over- of excess over- Over- But not over- of excess ov
$ 146 -$ 519 $ 0.00 plus 10% -$ 146 $ 454 -$ 1,200 $ 0.00 plus 10%
$ 519 -$ 1,664 $ 37.30 plus 12% -$ 519 $ 1,200 -$ 3,490 $ 74.60 plus 12%
$ 1,664 -$ 3,385 $ 174.70 plus 22% -$ 1,664 $ 3,490 -$ 6,931 $ 349.40 plus 22%
$ 3,385 -$ 6,328 $ 553.32 plus 24% -$ 3,385 $ 6,931 -$ 12,817 $ 1,106.42 plus 24%
$ 6,328 -$ 7,996 $ 1,259.264 plus 32% -$ 6,328 $ 12,817 -$ 16,154 $ 2,519.06 plus 32%
$ 7,996 -$ 19,773 $ 1,793.40 plus 35% -$ 7,996 $ 16,154 -$ 24,006 $ 3,586.90 plus 35%
$ 19,773 $ 5,915.35 plus 37% -$ 19,773 $ 24,006 $ 6,335.10 plus 37%


A) $1,490.15
B) $1,512.91
C) $1,456.90
D) $1,478.42

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions