Discover a wealth of knowledge and get your questions answered at IDNLearn.com. Discover comprehensive answers to your questions from our community of knowledgeable experts.

Marilyn has a biweekly gross pay of [tex]$\$810[tex]$[/tex] and claims 3 federal withholding allowances. Marilyn has all of the following deductions from her gross pay:

Federal tax from the following table:
\begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|}
\hline
\multicolumn{2}{|c|}{ If the wages are - } & \multicolumn{11}{|c|}{ And the number of withholding allowances claimed is - } \\
\hline
\multirow{2}{}{ At least } & \multirow{2}{}{\begin{tabular}{l}
But less \\
than
\end{tabular}} & 0 & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 & 9 & $[/tex]10+$ \\
\hline
& & \multicolumn{11}{|c|}{ The amount of income tax withheld is - } \\
\hline
720 & 740 & 80 & 62 & 44 & 26 & 14 & 1 & 0 & 0 & 0 & 0 & 0 \\
\hline
740 & 760 & 83 & 65 & 47 & 28 & 16 & 3 & 0 & 0 & 0 & 0 & 0 \\
\hline
760 & 780 & 86 & 68 & 50 & 31 & 18 & 5 & 0 & 0 & 0 & 0 & 0 \\
\hline
780 & 800 & 89 & 71 & 53 & 34 & 20 & 7 & 0 & 0 & 0 & 0 & 0 \\
\hline
800 & 820 & 92 & 74 & 56 & 37 & 22 & 9 & 0 & 0 & 0 & 0 & 0 \\
\hline
820 & 840 & 95 & 77 & 59 & 40 & 24 & 11 & 0 & 0 & 0 & 0 & 0 \\
\hline
840 & 860 & 98 & 80 & 62 & 43 & 26 & 13 & 1 & 0 & 0 & 0 & 0 \\
\hline
\end{tabular}

Social Security tax that is [tex]$6.2\%$[/tex] of her gross pay.


Sagot :

Sure, let's go step-by-step through the process of determining Marilyn's deductions from her biweekly gross pay.

1. Determine Federal Tax Withholding:

Marilyn has a biweekly gross pay of [tex]$810 and claims 3 federal withholding allowances. From the given table: - We look at the row where the gross pay is between $[/tex]800 and [tex]$820. - For 3 federal withholding allowances, the corresponding federal tax withheld is $[/tex]37.

Therefore, the federal tax withheld from Marilyn’s paycheck is [tex]$37. 2. Calculate Social Security Tax: Social Security tax is calculated as 6.2% of the gross pay. Marilyn's gross pay is $[/tex]810.

[tex]\[ \text{Social Security tax} = 0.062 \times 810 = 50.22 \][/tex]

Therefore, the Social Security tax withheld from Marilyn’s paycheck is [tex]$50.22. 3. Summary: - Federal Tax Withheld: $[/tex]37
- Social Security Tax: [tex]$50.22 Given this breakdown, the deductions from Marilyn's biweekly gross pay are $[/tex]37 for federal tax and $50.22 for Social Security tax.
We appreciate your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. For precise answers, trust IDNLearn.com. Thank you for visiting, and we look forward to helping you again soon.