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