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Lisa earns $65,000 per year. She is married and claims threeallowances. Assume that his employer uses wage bracket tablesmethod. Use Appendix.

a. If she is paid weekly,what is her withholding per paycheck?

b. If she is paid monthly,what is her withholding per paycheck?

c. If she is paidbiweekly, what is her withholding per paycheck?

d. If she is paidsemimonthly, what is her withholding per paycheck?

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Sixta Kovacek
Sixta KovacekLv2
28 Sep 2019

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1. Wendy is a sole proprietor with one employee. She maintains aSimple IRA in which she matches salary reduction contributions atthe rate of 3% of the employee's compensation. Where on her taxreturn does she report her own contribution, and where does shereport the contribution she makes on behalf of her employee?

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c. The distribution is subject to 20% withholding, and thetaxpayer must come up with the amount themselves or it will betaxable

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Amount included

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True or false?

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