Tax Withholding for Maggie Cook

What is the amount of Federal Income tax withheld per check for Maggie Cook who earns $26,500 annually and claims 3 withholding allowances? The amount of Federal Income tax withheld per check for Maggie Cook, who earns $26,500 annually and claims 3 withholding allowances, is $62.50.

Calculating Federal Income Tax Withholding for Maggie Cook

Maggie Cook earns $26,500 annually and claims 3 withholding allowances. In order to calculate the amount of Federal Income tax withheld per check for Maggie Cook, we need to take into consideration her annual income and the number of withholding allowances she claims.

To find the amount of Federal Income tax withheld per check, we can refer to the Single Person's Weekly Payroll Period tables. These tables provide guidance on the amount of tax that should be withheld based on an individual's annual income and withholding allowances.

For Maggie Cook, who earns $26,500 annually and claims 3 withholding allowances, the appropriate amount of Federal Income tax withheld per check is determined to be $62.50. This means that every time Maggie Cook receives a paycheck, $62.50 will be withheld for Federal Income tax.

It is important for individuals like Maggie Cook to understand their tax withholding to ensure that they are meeting their tax obligations and avoiding any surprises when it comes time to file their tax return. By accurately calculating the amount of Federal Income tax withheld per check, Maggie Cook can plan her finances accordingly and avoid any potential penalties for underpayment of taxes.

← Premium pricing strategy in designer apparel custom jewelry and exclusive paintings Adjusting entry in accounting →