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