This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: John Davis had gross earnings of 500 last week. He is single and claims an allowance for himself ... (Read 105 times)

imowrer

  • Hero Member
  • *****
  • Posts: 514
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.)


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

aprice35067

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 24, 2018
Answer to Question 1

50.34

Answer to Question 2

883.25


imowrer

  • Hero Member
  • *****
  • Posts: 514
Reply #2 on: Jun 24, 2018
Thank you :)


aprice35067

  • Sr. Member
  • ****
  • Posts: 337
Reply #3 on: Jun 24, 2018
Happy to help you


« previous next »
 

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

A two-week-old red squirrel A two-week-old red squirrel
Nicolas Poussin, Landscape with St. John on Patmos. Nicolas Poussin, Landscape with St. John on Patmos.
Thomas Hobbes, John Locke, John Rawls Thomas Hobbes, John Locke, John Rawls
Example of a single-nucleotide polymorphism (SNP) Example of a single-nucleotide polymorphism (SNP)
What single payment one year from now would be economically equivalent to payments of $1,000 ... What single payment one year from now would be economically equivalent to payments of $1,000 ...
Multiple origins of replication on a single chromosome from Drosophila melanogaster Multiple origins of replication on a single chromosome from Drosophila melanogaster
Video: Allergic Rhinitis

For a complete list of videos, visit our video library