Write a complete sentence in answer to this question. If an employee is now earning an annual salary of $41,800 and receives a raise of $5,000, what will be the additional take-home pay for the year? The W-4 form indicates that the employee claims three exemptions and is single . She recieves a monthly paycheck.
Please can you work the problem out in detail with the answer so i can be able to answer similar questions
2007-12-10 18:08:19 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
tax rate is 5%
2007-12-10 18:33:44 · update #1
Look in your textbook.
2007-12-10 18:10:44 · answer #1 · answered by kevin h 5 · 0⤊ 0⤋
There's no way that we can help you with your homework as you are not providing the withholding tables that are almost certainly in your textbook. There is no possible way to assist with any of your questions without this critical information. If the tax rate was a flat 5% as you say, the number of withholding allowances would be meaningless.
2007-12-10 23:33:07 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
how much is the take home currently... what is the tax rate you're using...
2007-12-10 18:17:33 · answer #3 · answered by Somebody H 3 · 0⤊ 0⤋