Chapter 4

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Acct. 121 Chapter 4 part 1
To find for Chapter 4 part 1 Question 2:
Gross Pay: ----- the amount pay check was not including tips Federal Income Tax:------ add wages and tips together then go to wage bracket Social Security Taxes OASDI:------ take wages made add tips then times it by .042 Social Security Taxes HI:------ take wages made add tips then times it by .0145 State Income Tax:------ take wages made add tips then times it by .02 Net Pay:------ Take gross pay and subtract all of the above from Federal Income Tax to State Income Tax Question 3:

1) Employee 1: Amorosa, A. Marital Status- Married # of allowance- 4 Gross Wage: $1530 weekly To find for weekly…. Take the number of allowances and times it by allowance values Example: $73.08 * 4 = $292.32--------- then take gross wage and subtract allowance amount…… 1530 – 292.32= $1,237.68------- The look at percentage method tables to finish out Formula to finish 0.15 * (1237.68 – 490) + 33.40 = $145.55 2) Employee 2: Finley, R.--- Single---- 0 allowance------ $710 biweekly To find for biweekly---- There’s no allowance so go look at percentage method table Formula to finish---- 0.15 * (710 – 417) + 33.40 = $77.35

3) Employee 3: Gluck, E.--- Single---- 5 Allowance----- $9220 quarterly 5 * 950 = 4750----------- 9220 – 4750 = 4470
Formula to finish------- 0.15 (4470 – 2713) + 217.50 = $481.05 4) Employee 4: Quinn, S.--- Married---- 8 allowance----- $1,085 Semimonthly 8 * 158.33 = 1266.64-------- 1085 – 1266.64= -181.64
Formula to finish----- because allowance amount is more than wages there is no amount to be withheld so answer is $0.00 5) Employee 5: Treave, Y.--- Married--- 3 Allowances------- $2175 Monthly 3 * 316.67 = 950.01----------- 2175 – 950.01 = 1224.99

Formula to finish----- 0.10 ( 1224.99 – 675 ) = $54.999= $55 Question 4
Find Amount to be Withheld for Percentage Method and Wage-Bracket Method A) Corn, A.---- Single---- 2 Allowances---- $675 weekly
Percentage Method- 2 * 73.08= 146.16----- 675 – 146.16= 528.84---- 0.15 (528.84 – 209) + 16.80= $64.78 Wage-Bracket Method- Look at wage bracket worksheet to find right amount to withhold= $65 B) Fogge, P.------ Single---- 1 Allowance----- $1960 weekly Percentage Method- 1 * 73.08= 73.08--------- 1960 – 73.08= 1886.92------ 0.28 (1886.92 – 1688) + 335.35= $391.05 Wage Bracket Method- N/A

C) Felps, S.----- Married----6 Allowance----- $1775 biweekly Percentage Method- 6 * 146.15= 876.90----- 1775 – 876.90= 898.10------ 0.10(898.10 - 312)= $58.61 Wage Bracket Method- 1775/ 2 = 887.50-------- 29 * 2 = $58

D) Carson, W.----- Married---- 4 Allowance--- $2480 semimonthly Percentage Method- 4 * 158.33= 633.32----- 2480 – 633.32= 1846.68----- 0.15( 1846.68 – 1063) + 72.50= $190.05 Wage Bracket Method- 96 * 2 pay period= $192

E) Helm, M.------ Married------ 9 Allowance----- $5380 monthly Percentage Method- 9 * 316.67= 2850.03---- 5380 – 2850.03= 2529.97------ 0.15 (2529.97 – 2125) + 145 = $205.75 Wage Bracket Method- $206

Question 5
Amount to be withheld
Hal Bower--- Married--- 1 Allowance---- Weekly $1350---------- Bracket Sheet $152 Ruth Cramden--- Single--- 1 Allowance--- Weekly $590---------- Bracket Sheet $64 Gil Jones--- Single---- 3 Allowance---- Weekly $675--------------- Bracket Sheet $54 Teresa Kern--- Married--- 6 Allowances---- Monthly $4090 ---- Bracket Sheet $156 Ruby Long--- Married--- 2 Allowances--- Monthly $2730------- Bracket Sheet $143 Katie Luis--- Married----- 8 Allowances--- Semimonthly $955- ---Bracket Sheet $0.00 Susan Martin---- Single----- 1 Allowance----- Daily $96--------- Bracket Sheet $10 Jim Singer---- Single----- 4 Allowances-------- Semimonthly $2610----- Percentage Table---- 4 * 158.33 = 633.32------- 2610 – 633.32= 1976.68------ 0.25( 1976.68 – 1563) + 202.85 = $306.27 Martin Torres---- Married------ 4 Allowances----- Monthly $3215------ Bracket Sheet $128

Question 6
Find All Deductions
A) John, Matthew----...
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