Author Question: Douglas Johnson had gross earnings of 2,350 last week. He is married and claims himself and his wife ... (Read 49 times)

Awilson837 · **on:** Jun 24, 2018

Douglas Johnson had gross earnings of 2,350 last week. He is married and claims himself and his wife as dependents. The weekly withholding allowance for each dependent is 65.38 . Using the Table for Married Taxpayers above, figure the amount that will be withheld from his paycheck for federal income tax. (Figure withholding to the nearest cent.)

Question 2

A 1,00 . bond, with interest at 9 on March 1 and September 1, was sold on July 7 at 106 plus accrued interest. Compute the dollar amount of the sale the seller received. (Assume a 360-day year and a commission of 5 per bond.)