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I am trying to figure out Federal Withholding using table 1. Not sure how to follow this in steps

Accounting
Tutor: None Selected Time limit: 1 Day

M1 total wages 2065 weekly payroll period, how do I figure the Federal Withholding taxes in steps using this federal tax table

Apr 19th, 2015

Your yearly wages= 52 x 2065=. 107,380

Therefore, if you are single, you are in 28% tax bracket.

Your tax would be 107,380 x 0.28 = 30,066

Apr 19th, 2015

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Apr 19th, 2015
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Apr 19th, 2015
Dec 9th, 2016
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