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W$-4$ From $2020$ or Later with Standard Withholding and $2023$ FICA rates have been used.

Gross bonus amount

Federal income tax withheld

OASDI tax withheld

HI tax withheld

Utah income tax withheld Damerly Company $($a Utah employer$)$ wants to give a holiday bonus check of $$200$ to each employee. Since it wants

the check amount to be $$200,$ it will need to gross$-$up the amount of the bonus. Calculate the withholding taxes and

the gross amount of the bonus to be made to John Rolen if his cumulative earnings for the year are $$46,910.$

Besides being subject to social security taxes and federal income tax $($supplemental rate$),$ a $4\mathrm{.}95\%$ Utah income tax

must be withheld on supplemental payments.

Enter deductions beginning with a minus sign $(-).$ You may need to adjust by a penny $($subtract or add$)$

to the gross amount to get net pay to calculate exactly to $$200\mathrm{.}00.$ Round your calculations and final

answers to the nearest cent.

As we go to press, the federal income tax rates for $2024$ are being determined by budget talks in

Washington, and are not available for publication. For this edition, the $2023$ federal income tax tables

for Manual Systems with Forms W$-4$ From $2020$ or Later with Standard Withholding and $2023$ FICA rates

have been used.

Gross bonus amount

Federal income tax withheld

OASDI tax withheld

HI tax withheld

Utah income tax withheld

Take$-$home bonus check

$

$

$

Take$-$home bonus check

q

$!$

q

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