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Author Question: Elizabeth Seabert had gross earnings of 795 last week. She is single and claims an allowance for ... (Read 39 times)

audie

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

103.06

Answer to Question 2

943.67


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