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    Recording Federal Income Taxes Using Wage-Bracket Method

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    I need to know how to record the amount of federal income taxes (FIT) using the wage-bracket method (For wages paid in 2011). Please see attached for details.

    Weekly $71.15 <--One Withholding Allowance

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    https://brainmass.com/business/accounting/recording-federal-income-taxes-wage-bracket-method-511495

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    You would go to pg. 38 on publication 15 from the IRS. I can't attach it here, so I will give you a link below. Look up the wages on the left. In this case, ...

    Solution Summary

    This solution explains how to record the amount of federal income taxes using the wage-bracket method.

    $2.19

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