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The message you are replying to: Re:How to Calculate Federal Income Tax Manually?


AS411 Community Home » Accounting Software » General Discussions » Re:How to Calculate Federal Income Tax Manually?

 

wrote the following post on 2/9/2012 7:12:22 AM

Followings are the accomplish to account the federal tax:

1. Gross pay for anniversary paycheck:

For anniversary pay period, the gross pay is $640

2. Answer for anniversary paycheck:

The accepted answer is $3,800 per year (For Year 2012).

She can get absolute $3800*2=$7600

For anniversary pay aeon the answer is: $7600/26=$292.31

3. Taxable assets for anniversary paycheck

So for anniversary paycheck, the taxable assets is: 640-292.31=$347.69

4. Federal tax

(347.69-83.00) * 10%=264.69*10%=$26.47

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