John Davis had gross earnings of 500 last week. He is single and ...

[imowrer]

John Davis had gross earnings of 500 last week. He is single and claims an allowance for himself 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 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 purchased on September 12 at 86 plus accrued interest. Compute the entire purchase cost of the bond. (Assume a 360-day year and a commission of 5 per bond.)

[aprice35067]

Answer to Question 1

50.34

Answer to Question 2

883.25

[imowrer]

Thank you

[aprice35067]

Happy to help you