If an amount box does not require an entry, leave it blank. Round your calculati

Question

If an amount box does not require an entry, leave it blank. Round your calculations and final answers to the nearest cent. Note: You must enter in the hyphens in the social security numbers, employer identification number, etc.

Click here to access the Wage-Bracket Method Tables.

The wage-bracket method is used to determine federal income tax withholding. Calculate the annual federal income tax withheld by using the weekly wage-bracket table and multiply the answer by 52. The other taxes withheld are shown below. Employee Data Payroll Data Annual Taxes Withheld Kelly B. Roach Single, 1 allowance 2,305.16 Social security tax withheld 54 Gradison Place $715 per week 539.24 Medicare tax withheld Philadelphia, PA 19113-4054 SS#: 000-00-4310 1,141.40 State income tax withheld Deduction for 401(k) plan: $50/week 1,457.56 Local income tax withheld Ralph I. Volpe Married, 1 allowance 2,530.84 Social security tax withheld 56 Andrews Court, Apt. 7 $785 per week 591.76 Medicare tax withheld Philadelphia, PA 19103-3356 SS#: 000-00-8804 1,253.20 State income tax withheld Dependent care payment: $950 1,600.04 Local income tax withheld $70/week—401(k) Randi A. Myer Single, 0 allowances 2,853.24 Social security tax withheld 770 Camac Street $885 per week 667.16 Medicare tax withheld Philadelphia, PA 19101-3770 SS#: 000-00-3316 1,412.84 State income tax withheld Union dues withheld: $102 1,803.88 Local income tax withheld Kenneth T. Ford Married, 7 allowances 4,368.69 Social security tax withheld 338 North Side Avenue $1,350 per week 1,021.97 Medicare tax withheld Philadelphia, PA 19130-6638 SS#: 000-00-6839 2,155.40 State income tax withheld Cost of group-term life insurance 2,751.84 Local income tax withheld exceeding $50,000: $262.75
No income tax withheld on insurance cost, but FICA taxes are withheld. $100/week—401(k) Chrissy C. Carman Married, 3 allowances 2,643.68 Social security tax withheld 4900 Gladwynne Terrace $820 per week 618.28 Medicare tax withheld Philadelphia, PA 19127-0049 SS#: 000-00-5771 1,308.84 State income tax withheld Union dues withheld: $102 1,671.28 Local income tax withheld Hal B. Zuber Single, 1 allowance 2,546.96 Social security tax withheld 480-A Hopkinson Tower $790 per week 595.92 Medicare tax withheld Philadelphia, PA 19101-3301 SS#: 000-00-8703 1,261.00 State income tax withheld Educational assistance payments (job-required): $675 1,610.44 Local income tax withheld $50/week—401(k)

Explanation / Answer

There are several methods to figure out income tax; wage bracket method is one method.

Following is the procedure to be followed:

Kindly refer the below link for allowances

Ref:

https://www.irs.gov/pub/irs-pdf/p15.pdf

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