Problem 9-3 Withholding Methods (LO 9.1) Sophie is a single taxpayer. For the first payroll period in July 2021, she is
Posted: Sun Apr 17, 2022 7:06 pm
Problem 9-3
Withholding Methods (LO 9.1)
Sophie is a single taxpayer. For the first payroll period in
July 2021, she is paid wages of $2,200 monthly. Sophie claims one
allowance on her pre-2021 Form W-4.
Click here to access the withholding tables.
IRS Publication 15-T, Federal Income Tax Withholding Method
Round intermediate computations and your final answer to
two decimal places.
Question Content Area
a. Use the percentage method to
calculate the amount of Sophie's withholding for a monthly pay
period.
Sophie's withholding: $
b. Use the wage bracket method to
determine the amount of Sophie's withholding for the same
period.
c. Use the percentage method
assuming Sophie completed a post-2019 Form W-4 and checked only the
single box in Step 1(c).
d. Use the wage bracket method using
the same assumptions in part c of this question.
Withholding Methods (LO 9.1)
Sophie is a single taxpayer. For the first payroll period in
July 2021, she is paid wages of $2,200 monthly. Sophie claims one
allowance on her pre-2021 Form W-4.
Click here to access the withholding tables.
IRS Publication 15-T, Federal Income Tax Withholding Method
Round intermediate computations and your final answer to
two decimal places.
Question Content Area
a. Use the percentage method to
calculate the amount of Sophie's withholding for a monthly pay
period.
Sophie's withholding: $
b. Use the wage bracket method to
determine the amount of Sophie's withholding for the same
period.
c. Use the percentage method
assuming Sophie completed a post-2019 Form W-4 and checked only the
single box in Step 1(c).
d. Use the wage bracket method using
the same assumptions in part c of this question.