Author Question: Elizabeth Seabert had gross earnings of 795 last week. She is single and claims an allowance for ... (Read 54 times)

audie

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Elizabeth Seabert had gross earnings of 795 last week. She is single and claims an allowance for herself only. The amount of one weekly withholding allowance is 65.38 . Using the Table for Single Taxpayers above, figure the amount that will be withheld from her paycheck for federal income tax. (Figure withholding to the nearest cent.)

Question 2

A 1,00 . bond, with interest at 8 on March 1 and September 1, was sold on July 8 at 92 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.)



Jody Vaughn

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Answer to Question 1

103.06

Answer to Question 2

943.67



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