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Author Question: John Davis had gross earnings of 500 last week. He is single and claims an allowance for himself ... (Read 106 times)

imowrer

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on: Jun 24, 2018
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.)


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aprice35067

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Reply #1 on: Jun 24, 2018
Answer to Question 1

50.34

Answer to Question 2

883.25


imowrer

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Reply #2 on: Jun 24, 2018
Thank you :)


aprice35067

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Reply #3 on: Jun 24, 2018
Happy to help you


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