Author Question: Tabitha Thomas had gross earnings of 720 last week. She is single and claims an allowance for ... (Read 80 times)

dmcintosh · **on:** Jun 24, 2018

Tabitha Thomas had gross earnings of 720 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 purchased on October 17 . Compute the dollar amount of accrued interest that will be paid to the seller. (Assume a 360-day year.)