Dooley Publishing has the following payroll data for its July 1 pay date:

How much Federal withholding tax was deducted from employees' pay?
A)$15,203.14
B)$42,083.87
C)$32,115.48
D)$29,391.98

Question

Dooley Publishing has the following payroll data for its July 1 pay date:

How much Federal withholding tax was deducted from employees' pay?
A)$15,203.14 
B)$42,083.87 
C)$32,115.48 
D)$29,391.98

Quizplus · Accepted Answer

To find the Federal withholding tax, total up all the gross pay for each employee and subtract their respective allowances. Then use the IRS tax table to find the tax amount. Adding up all the tax amounts for each employee gives a total of $32,115.48.

Dooley Publishing Has the Following Payroll Data for Its July