The invoice date for a bill is September 15 with the terms 2/15, n/40. The discount date and due date areA.September 30 and October 25 b.September 30 and December 9 c.September 17 and October 25 d. October 2 and October 25 ... .Percentage Method Tables for Income Tax Withholding(For Wages Paid in 2012)TABLE 1-WEEKLY Payroll Period(a) SINGLE person (including head of household)-If the amount of wages (aftersubtracting withholding allowances) The amount of income taxis:Not over $41Over-$41$209$721$1,688$3.477$7,510.(b) MARRIED person-If the amount of wages (aftersubtracting withholding allowances)is:Not ovor $150Över-$156$490$1,615$2,900$4,338$7,624.The armount of income taxto withhold is:to withhold is:.SO.-.But not over--%24209 . . .$0.00 plus 10%$721 . ..$16.80 plus 16%$1,688$3,477. . $335.35 plus 289%$7,510of excess over--$41-$209-2721$1,688$3,477-$7,510But not over-$49021,515 . .%$42,900$4,338-$7,624.$0.00 plus 10%.$33.40 plus 15%$187.15 plus 25%$533.40 plus 28%$936.04 plus 33%$2,020.42 plus 35%of excess over--$156-$490-$1,515$2,900$4,338-$7,624$93.60 plus 25%$836.27 plus 33%$2,167.16 plus 35%TABLE 2-BIWEEKLY Payroll Period(a) SINGLE person (including head of household)-If the amount of wages (aftersubtracting withholding allowances) The amount of Income tax(b) MARRIED person-If the amount of wages (aftersubtracting withholding allowances)is:Not over $312..Over-$312$981$3,031$5,800$8.675$15,248The amount of income taxto withhold is:Is:to withhold is:$0Not over $83Over-$83$417$1,442$3,377$6,954$15,019.. SOBut not over-%2417-$1,442.. . .$33.40 plus 15%$3,377. .$6,954$15,019of excess over--%2483$417-$1,442$3,377-%246,954$15,019But not over--$981-$3,031$5,800 .. . .$374.40 plus 25%$8,675. . .$1,066.65 plus 28%-%2415.248of oxcess over--$312-$981$3,031-$5,800-$8,675-$15,248$0.00 plus 10%.$0.00 plus 10%$66.90 plus 15%. $187.15 plus 25%$670.90 plus 28%$1,672.46 plus 33%$4,333.91 plus 35%$1,871.65 plus 33%$4,040.74 plus 35%TABLE 3-SEMIMONTHLY Payroll Period(a) SINGLE person (including head of household)-If the amount of wages (aftersubtracting withholding allowances) The amount of income taxis:Not over $90Over-$90$452$1.563$3,658$7,533$16.271(b) MARRIED person-Ir the amount of wages (aftersubtracting withholaing allowances)is:Not over $338Over-$338$1,063$3,283$6,283$9,398$16,519.The amount of Income taxto withhold is:$0to withhold is:.. $0But not over--S452..$1,563$3,658-$7,533-$16.271of excess over-But not over-$0.00 plus 10%$36.20 plus 15%. $202.85 plus 25%. $726.60 plus 28%.$1,811.60 plus 33%$4,695.14 plus 35%of excess over--$338$1,063-$3.283$6.283$9,398-$16,519-$1,063-$43,263.$0.00 plus 10%$72.50 plus 15%-$6,283 . .$405.50 plus 25%-%$49,398 .. . .$1,155.50 plus 28%$2,027.70 plus 33%.$4,377.63 plus 35%...$452$1,563$3,658$7,533-2416,271-$16,519TABLE 4-MONTHLY Payroll Period(a) SINGLE person (including head of household)-If the amount of wages (aftersubtracting withholding allowances) The amount of income taxis:Not over $179(b) MARRIED personIf the amount of wages (aftersubtracting withholding allowances)is:Not over $675Over-$675$2,125$6,667$12,567$18,796$33,038to withhold is:SOThe amount of income taxto withhold is:over$179$904$3,125$7,317$15,067$32,542But not over--$904-$43,125$7.317 .$15,067-%$32.542$0.00 plus 10%$72.50 plus 15%$405.65 plus 25%$1,453.65 plus 28%$3.623.65 plus 33%$9,390.40 plus 35%of excess over-$179$904$3,125$7,317$15,067-S32,542But not over$2.125$6,567$12.567$18,796$33.038$0.00 plus 10%$145.00 plus 15%$811.30 plus 25%$2,311.30 plus 28%$4.055.42 plus 33%$8,755.28 plus 95%of excess over-$675-%242,125-$46,567$12,587$18,796$33,038Payroll PeriodOne WithholdingAllowanceWeekly.BiweeklySemimonthlyMonthlyQuarterlySemiannuallyAnnuallyDaily or miscellaneous (each day of the payrollperlod)$73.08146.15158.33316.67950.001,900.003,800.0014.62

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The invoice date for a bill is September 15 with the terms 2/15, n/40. The discount date and due date are A.September 30 and October 25 b.September 30 and December 9 c.September 17 and October 25 d. October 2 and October 25

The invoice date for a bill is September 15 with the terms 2/15, n/40. The discount date and due date are A.September 30 and October 25 b.September 30 and December 9 c.September 17 and October 25 d. October 2 and October 25

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter7: Employee Earnings And Deductions

Section: Chapter Questions

Problem 3E

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