Carolyne earns $150,000 per year. She is married and claims two withholding allowances. Use the percentage method for your calculations. (Round your answers two 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.

Question

Quizplus · Accepted Answer

The Answer of Carolyne earns $150,000 per year. She is married and claims two withholding allowances. Use the percentage method for your calculations. (Round your answers two 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.

Carolyne Earns $150,000 Per Year