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300

FIC 0
OASDI 6.20% -18.6
HI 1.45% -4.35
SI 0.01 -3

274.05

Table of Allowance Values for 2018

Weekly 79.8 Biweekly 159.60 Semimonthly


Quarterly 1,037.50 Semiannual 2,075.00 Annual
172.90 Monthly 345.80
4,150.00 Daily/Misc. 16.00
M1 WEEKLY 1,610.00 -79.80 1,530.20 588.00 36.60 0.12 149.66
S0 BIWEEKLY 825.00 0.00 825.00 509.00 36.70 0.12 74.62
M0 QUART 9,630.00 0.00 9,630.00 7,650.00 476.20 0.12 713.80
S8 SEMIMO 925.00 -1,382.20 -457.20 0.00
S0 MONTHLY 2,875.00 0.00 2,875.00 1,102.00 79.40 0.12 292.16
SALARY ALLOW VALUE B-C CK % Table
S2 WKLY 675 159.60 515.40 254.00 18.30 0.12 49.67
S3 WKLY 1960 239.40 1,720.60 1,658.00 271.08 0.24 286.10
M1 BI-WK 1775 159.60 1,615.40 1,177.00 73.30 0.12 125.91
M1 BI-MO 2580 172.90 2,407.10 1,275.00 79.40 0.12 215.25
M4 MO 5380 1,383.20 3,996.80 2,550.00 158.70 0.12 332.32

2610 0.00 2,610.00 1,767.00 185.62 0.22 371.08

Table of Allowance Values for 2018

Weekly 79.8 Biweekly 159.60 Semimonth 172.90 Monthly 345.80


Quarterly 1,037.50 Semiannual 2,075.00 Annual 4,150.00 Daily/Misc. 16.00
wage bracket
50.00
must use percentage method
126.00
215.00
331.00
WEEKLY 51 OASDI HI FIT SIT CIT
SALARY WEEK 6.2% 1.45% 79.8/ 2% 1.5% NET
S1 2524 128,724.00 0.00 36.60 459.77 50.48 37.86 1,939.292
M3 275 14,025.00 17.05 3.99 0.00 5.50 4.13 244.338
M3 250 12,750.00 15.50 3.63 0.00 5.00 3.75 222.125
M5 320.25 16,332.75 19.86 4.64 0.00 6.41 4.80 284.542
S1 450 22,950.00 27.90 6.53 33.00 9.00 6.75 366.825
M1 560.5 28,585.50 34.75 8.13 26.00 11.21 8.41 472.004
S0 475.5 24,250.50 29.48 6.89 45.00 9.51 7.13 377.490
S2 890 45,390.00 55.18 12.91 76.00 17.80 13.35 714.765

5745.250 199.718 83.306 639.770 114.905 86.179 4621.381


rounded
1939.29
244.34
222.13
284.54
366.83
472
377.49
714.77

4621.390
salary 46910
bonus 200

200 200
----------------------------= ---------------------------- 306.0444
1-0.22-0.062-0.0145-0.05 0.6535

306.04
FIT 22% 67.3288
OASDI 6.20% 18.97448
HI 1.45% 4.43758
UT TAX 5% 15.302
HSA 401K PRETAX OASDI HI FIT
SINGLE, 4 ALLOW 6.20% 1.45%
WEEKLY 930 20 100 830 57.66 13.485 71
401K 100
HSA 20
MATCH 20
SALARY SUPP TOTAL OASDI HI Supp tax Wage Brak FIT SIT
8% 6.20% 1.45% 22.00% 1%
S0 5000 4800.00 9800.00 607.60 142.10 1056.00 693.86 1749.86 98.00
S1 2750 2640.00 5390.00 334.18 78.16 580.80 235.00 815.80 53.90
M2 520 2163.20 2683.20 166.36 38.91 475.90 14.00 489.90 26.83
S3 465 1934.40 2399.40 148.76 34.79 425.57 15.00 440.57 23.99
M5 380 1580.80 1960.80 121.57 28.43 347.78 0.00 347.78 19.61
S1 350 1456.00 1806.00 111.97 26.19 320.32 21.00 341.32 18.06
M5 575 2392.00 2967.00 183.95 43.02 526.24 0.00 526.24 29.67
M4 425 1768.00 2193.00 135.97 31.80 388.96 0.00 388.96 21.93

10,465.00 18,734.40 29,199.40 1,810.36 423.39 4,121.57 978.86 5,100.43 291.99


CIT Net
1%
98.00 7104.440 5996.22
53.90 4054.065 4054.06
26.83 1934.367 1934.37
23.99 1727.290 1727.30
19.61 1423.807 1423.80
18.06 1290.401 1290.40
29.67 2154.445 2154.45
21.93 1592.416 1592.41

291.99 21,281.23 20,173.01


holiday bonus 100
state 2.8%

100 100
------------------------- equal --------------------- equal 148.04
1-0.22-0.062-0.0145-0.028 0.6755

NET 100*0.6755
OASDI HI FIT STATE 2.3%
6.20% 1.45% WAGE BRAK
AGE 48 829 51.4 12.02 46 19.07 700.510
M2
WKLY 829 588.62 36.49415 8.534923 21 13.53815 509.048
SALARY 43108
SIMPLE ER 3% 375
EE CONT 240.3846
Oct Nov Dec
4,18 pay 1,15,29 pay 13,27 pay
ER OASDI 1159.40 1351.74 2027.61 1351.74
EE OASDI 1159.40
ER HI 271.15
EE HI 271.15
FIT 1870.00

4731.10 4731.09

Fed Dep Liability each pay 675.87


SIT 1309
Company Information:
Address:4800 River Road, Philadelphia, PA 19113-5548
Pennsylvania state identification number:00-0-1066
Federal identification number: 00-0000972
Philadelphia identification number:0001895

Income Tax Information:

The wage-bracket method is used to determine federal income tax withholding. Calculate the annual fede
income tax withheld by using the weekly wage-bracket table and multiply the answer by 52. The other ta
withheld are shown below.
Employee Data Payroll Data
Randy A. Kellison Single, 1 allowance
54 Gradison Place $715 per week /FIT 64
Philadelphia, PA 19113-4054 SS#: 000-00-4310
Deduction for 401(k) plan: $50/week

Employee Data Payroll Data


Ralph I. Volpe Married, 1 allowance
56 Andrews Court, Apt. 7 $785 per week /FIT 50
Philadelphia, PA 19103-3356 SS#: 000-00-8804
Dependent care payment: $950
$70/week—401(k)
Employee Data Payroll Data
Randi A. Myer Single, 0 allowances
770 Camac Street $885 per week/ FIT 101
Philadelphia, PA 19101-3770 SS#: 000-00-3316
Union dues withheld: $102

Employee Data Payroll Data


Kenneth T. Ford Married, 7 allowances
338 North Side Avenue $1,350 per week / FIT 61
Philadelphia, PA 19130-6638 SS#: 000-00-6839
Cost of group-term life insurance
exceeding $50,000: $262.75*
$100/week—401(k)
Employee Data Payroll Data
Chrissy C. Carman Married, 3 allowances
4900 Gladwynne Terrace $820 per week / FIT 36
Philadelphia, PA 19127-0049 SS#: 000-00-5771
Union dues withheld: $102

Employee Data Payroll Data


Hal B. Zuber Single, 1 allowance
480-A Hopkinson Tower $790 per week / FIT 74
Philadelphia, PA 19101-3301 SS#: 000-00-8703
Educational assistance payments
(job-required): $675
$50/week—401(k)

*The cost of excess group-term life insurance is added to gross wages for federal income tax, Social Secur
withhold OASDI and HI tax on these amounts but are not required to withhold federal income tax. The co
state and local taxes; therefore, it is not subject to those taxes (See Figure 4.7).

**State unemployment tax withheld for Pennsylvania labeled as PA SUI on Form W-2 Box 14.
Telephone number: (215) 555-0017 Fax number: (215) 555-0010

e tax withholding. Calculate the annual federal


and multiply the answer by 52. The other taxes

Annual Taxes Withheld SS tax medicare tstate tax local


Social security tax withheld $2,305.16 $17,248.57 4,034.33 8,532.68 10,813.40
Medicare tax withheld 539.24
State income tax withheld 1,141.40
Local income tax withheld 1,446.64
State unemployment tax withheld** 22.36 Box 14
Annual Taxes Withheld
Social security tax withheld 2,530.84
Medicare tax withheld 591.76
State income tax withheld 1,253.20
Local income tax withheld 1,588.08
State unemployment tax withheld** 24.44
Annual Taxes Withheld
Social security tax withheld 2,853.24
Medicare tax withheld 667.16
State income tax withheld 1,412.84
Local income tax withheld 1,790.36
State unemployment tax withheld** 27.56
Annual Taxes Withheld
Social security tax withheld 4,368.69
Medicare tax withheld 1,021.97
State income tax withheld 2,155.40
Local income tax withheld 2,731.04

State unemployment tax withheld** 42.12


Annual Taxes Withheld
Social security tax withheld 2,643.68
Medicare tax withheld 618.28
State income tax withheld 1,308.84
Local income tax withheld 1,658.80
State unemployment tax withheld** 25.48
Annual Taxes Withheld
Social security tax withheld 2,546.96
Medicare tax withheld 595.92
State income tax withheld 1,261.00
Local income tax withheld 1,598.48
State unemployment tax withheld** 24.44

s wages for federal income tax, Social Security, and Medicare. Employers
uired to withhold federal income tax. The cost is not added to gross wages for
(See Figure 4.7).

as PA SUI on Form W-2 Box 14.


unempl
166.4
monthly
M4 10325
allowance 345.8
41 S 2 8 7.5 8 9 8 5.5 46

32 M 5 8 10 10 9 8½ 4 40
63 M 0 8 8 8 8 8 ... 40

54 S 1 9 8 10 8 8 4 47

45 M 2 10 8 8 9 8 4.5 47.5

16 S 0 8 9 10 9 8 4 48

7 S 1 5 6 8 8 8 4 39

28 M 3 8 8 8 8 8 ... 40

49 M 0 8 9 8 8 9 6 48

10 S 1 8 8 0 9 10 5 40
OT PAY TOTAL PAY OASDI HI FIT SIT
0.06 0.01 0.020
12 480 108.000 588.00 36.46 8.53 39 11.76 492.25 504.01

S 1,600.00 1600.00 99.20 23.20 32.00 1600


13 520 520.00 32.24 7.54 34 10.40 435.82 446.22

12 480 126.000 606.00 37.57 8.79 51 12.12 496.52 508.64

12.5 500 140.630 640.63 39.72 9.29 26 12.81 552.81 565.62

12.75 510 153.040 663.04 41.11 9.61 68 13.26 544.28

12 468 468.00 29.02 6.79 34 9.36 398.19

12 480 480.00 29.76 6.96 2 9.60 441.28

12 480 144.000 624.00 38.69 9.05 40 12.48 536.26

S 1450 1450.00 89.90 21.03 29.00 1450

6968.00 671.670 7639.67 473.66 110.78 152.793 6994.50