Sophie is a single taxpayer. For the first payroll period in October 2017, she i

Question

Sophie is a single taxpayer. For the first payroll period in October 2017, she is paid wages of $2,900.00 monthly. Sophie claims two allowances on her Form W-4.

Click here to access the withholding tables.

Table for Allowances Amount per Circular E.

Round intermediate computations and your final answer to two decimal places.

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 peri

Payperiod 2017 Allowance Amount Weekly $ 77.90 Biweekly 155.80 Semimonthly 168.80 Monthly 337.50 Quarterly 1,012.50 Semiannually 2,025.00 Annually 4,050.00

Explanation / Answer

Percentage Method:

Wage Bracket Method:

For wages limit at least 2880 but less than 2920 corresponding to 2 allowance withholding tax is 266.

Total Wage Payment    2,900.00 One allowance       337.50 Allowances claimed on Form W-4           2.00 Total allowance deduction       675.00 Amount subject to withholding    2,225.00 Tax to be withheld on 2,225       265.40 [$ 77 plus 15% of excess over 969

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