Unit 5: Unit 5: Income Tax Withholding – Discussion

Scroll down and click “Respond” to post your reply to the Discussion questions. Please review the Discussion Board Participation Grading Rubric on your course Syllabus.

This is important information that will ensure that you earn maximum points. Your postings should be qualitative and provide substantive depth that advances the discussion.




Discussion 1 of 2

Discussion 2 of 2

Discussion 2 of 2
There are two methods of calculating the Federal Income Tax withholding. What determines the method used by an employer? Continuing with Continuing Payroll Problem B on page 4-67 determine the amount of federal income tax withholding for each employee. Each person show the work for one hourly and one salaried employee only.

Refer to the partially completed payroll register which you worked on at the end of Chapter 3. You will now determine the amount of income tax to withhold for each employee, proceeding as follows:

Save your time - order a paper!

Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlines

Order Paper Now

    1. In the appropriate columns of your payroll register, record the marital status and number of withholding allowances claimed for each employee, using the information provided.
    2. Record the payroll deductions for the SIMPLE plan that the employer has established for participating employees. All of the employees are participating, and their weekly contributions are listed below. The tax deferral on these deductions applies only to the federal income tax.
    3. Record the amount of federal income taxes using the wage-bracket method. (Must use percentage method for Olney.)
    4. Record the state income taxes on the gross weekly earnings for each employee. The rate is 3.07% for the state of Pennsylvania.
    5. Record the city income taxes on the gross weekly earnings of each employee. The rate is 1.35% for the city of Allentown residents.


Business & Finance homework help