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Olga Earned $1,558 A) $25915
B) $339

Question 66

Multiple Choice

Olga earned $1,558.00 during the most recent weekly pay period.She is single with 2 withholding allowances.Using the percentage method,compute Olga's Federal income tax for the period.(Do not round intermediate calculations.Round final answer to two decimal places.)
Payroll PeriodWeeklyBiweeklySemimonthlyMonthlyQuarterlySemiannuallyAnnuallyDaily or miscellaneous (each day of the payroll period) One WithholdingAllowance$76.90153.80166.70333.301,000.002,000.004,000.0015.40\begin{array}{c}\begin{array}{|l|}\hline\text {Payroll Period}\\\\\hline\text {Weekly}\\\text {Biweekly}\\\text {Semimonthly}\\\text {Monthly}\\\text {Quarterly}\\\text {Semiannually}\\\text {Annually}\\\text {Daily or miscellaneous (each day of the payroll }\\\text {period) }\\\hline\end{array}\begin{array}{r|}\hline\text {One Withholding}\\\text {Allowance}\\\hline\$ 76.90 \\ 153.80 \\ 166.70 \\ 333.30 \\ 1,000.00 \\2,000.00 \\ 4,000.00 \\\\ 15.40 \\\hline\end{array}\end{array}
 Olga earned $1,558.00 during the most recent weekly pay period.She is single with 2 withholding allowances.Using the percentage method,compute Olga's Federal income tax for the period.(Do not round intermediate calculations.Round final answer to two decimal places.)   \begin{array}{c} \begin{array}{|l|} \hline\text {Payroll Period}\\ \\ \hline\text {Weekly}\\ \text {Biweekly}\\ \text {Semimonthly}\\ \text {Monthly}\\ \text {Quarterly}\\ \text {Semiannually}\\ \text {Annually}\\ \text {Daily or miscellaneous (each day of the payroll }\\ \text {period) }\\ \hline \end{array} \begin{array}{r|} \hline\text {One Withholding}\\ \text {Allowance}\\ \hline\$ 76.90 \\  153.80 \\  166.70 \\  333.30 \\  1,000.00 \\ 2,000.00 \\  4,000.00 \\ \\  15.40 \\ \hline \end{array} \end{array}     A)  $259.15 B)  $339.25 C)  $295.65 D)  $314.75


A) $259.15
B) $339.25
C) $295.65
D) $314.75

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