Ch 9 Assignment i
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Word Problem 9-21 (Algo) [LU 9-2 (1)]
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Rhonda Brennan found her first job after graduating from college through the classifieds of the Miami Herald. She was delighted when the offer came through at $16.10 per hour. She completed her W-4 stating that she is married filing jointly. Her company will pay her biweekly for 80 hours (assume a tax rate of 6.2% on $142,800 for Social Security and 1.45% for Medicare).
Calculate her take-home pay for her first check. (Use Table 9.1 .
Note: Round your answer to the nearest cent.
Net pay
Married Filing Jointly Single or Married Filing Separately $483 S0.00 %0 so So Head of Household $241 $483 $0.00 $865 0% $0.00 so 10% So S483 $362 S241 $0.00 $433 $0.00 0% so $865 $2,041 10% $38.20 S241 S362 12% S635 $865 $433 $1.021 $0.00 10% $19.20 $362 $2,041 $3,805 12% $433 $179.32 $635 22% $1,404 $2,041 $1,021 $27.30 $1.902 12% $635 S89.76 $3,805 22% $1,021 $ 6,826 $,404 $2.022 $567.40 24% $3,805 $119.58 S1,902 22% S3.413 S283.58 $1,404 24% $6,826 $1,902 $8,538 $2,022 $1,292.44 S3,533 $255.54 32% S6,826 $3,413 24% $2,022 $4.269 S646.22 32% $3,413 $3.533 $8,538 S4.388 $12,565 S 1,840.28 $618.18 35% 32% S8,538 $3,533 $4.269 $10,311 S920.14 [35% $4.269 4.388 $12,565 $10,431 S891.78 $3,249.73 37% 35% $4,388 $12,565 $10,311 $3,034.84 37% S10.3110.431 $3,006.83 37% $10,431 TABLE 2-BIWEEKLY Payroll Period of the of the ofthe amount amount amount The that the The that the The that the tentative Plus this Adjusted tentative Plus this Adjusted tentative Plus this Adjusted At least But less amount to percentage Wage Atleast But less amount to percentage Wage Atleast But less amount to percentage Wage than- withhold is: exceeds than- withhold is exceeds than-i withhold is: exceeds A B C D E A B C D E A B C E Married Filing Jointly Single or Married Filing Separately Head of Household so S965 $0.00 0% So So $483 0000 %0 So so S723 $0.00 0% S 965 $1,731 $0.00 10% $ 965 $483 S865 0000 10% S 483 S723 $1.269 $0.00 10% S 723 $4,083 $ 76.60 12% $1,731 S865 S2,041 $38.20 12% S865 S1,269 $2.808 $54.60 12% $ 1,269 $1,731 S179.32 22% $2,041 $2,808 $4,044 $239.28 22% $2,809 $4,083 S7,610 S 358.84 22% $4,083 $2.041 $3,805 $6,826 $567.40 24% S3,805 $4,044 $7,065 $511.20 24% $4,044 S7,610 $13,652 $1,134.78 24% S7,610 $3,805 S8,538 292.44 32% $6,826 S 7,065 $8,777 $1,236.24 32% S 7,065 $ 13,652 $17,075 $2,584.86 32% S 13,652 S6,826 1.840.28 S8.538 $8,777 $20,862 $1,784.08 35% $8,777 $3,680.22 35% $17,075 S8.538 S20,621 $17,075 $25,131 S20,621S 20,862 S6,013.83 3796 S 20,862 37% S25,131 S 20,621 $6,069.33 37% S25,131 $6,499.82 TABLE3MONTHLY Payro Period of the of the of the amount amount amount that the The that the [that the The The tentative Plus this Adjusted tentative Plus this Adjusted Plus this Adjusted Atleast But less amount to percentage Wage tentative But less amount to percentage Wage percentage Wage Atleast than- withhold is exceeds At least But less amount to withhold is: exceeds exceeds than-l B C D E than- withhold is: c D E A D E A B C Head of Houschold A Single or Married Filing Separately Married Filing Jointly so 51.567 $0.00 0% $0.00 0% so so S1.046 $0.00 10% $1.567 $2,092 $0.00 0% 10% S1,046 $1.567 S2,750 So $1,046 S1.875 $0.00 $ 118.30 12% $2,750 $0.00 10% $2,092 12% 151,875 S2,750 $6,083 $2,092 $3,750 $4.423 $82.90 $518.26 22%[ $6,083 $165.80 12% $3.750 $4.423 $6.083 $8.763 $3,750 $ 8,846 $8,244 S388.66 22% $1.107.86 24% $ 8,763 22% S8846 $4,423 S8,244 S 8,763 S15,308 S8.846 $16,488 $777.32 .229.28 24% 24% S16,488 S8.244 $ 14,790 $16,488 $29,579 $ 2,458.56
