Douglas Johnson had gross earnings of 2,350 last week. He is ...

[Awilson837]

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.)

[joneynes]

Answer to Question 1

380.96

Answer to Question 2

1,087.00

[Awilson837]

Excellent

[frankwu0507]

TYSM