Author Question: Dennis Mason had gross earnings of 875 last week. He is married and claims allowances for himself, ... (Read 61 times)

kodithompson · **on:** Jun 24, 2018

Dennis Mason had gross earnings of 875 last week. He is married and claims allowances for himself, his wife, and two dependent children. 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 January 1 and July 1, was sold on March 20 at 109 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.)