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Carolyne Earns $173,472 Per Year

Question 116

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Carolyne earns $173,472 per year.She is married and claims two withholding allowances.Use the percentage method for your calculations.(Round your answer to 2 decimal places. )
a.What is her withholding per pay period if she is paid on a weekly basis (assume 52 weeks)?
b.What is her withholding per pay period if she is paid on a semimonthly basis?
c.What is her withholding per pay period if she is paid on a monthly basis?
d.In each of the above circumstances,should the annual withholding amount differ? Explain.

Correct Answer:

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a.$591.68
b.$1,281.91
c.$2,563...

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