1: Michael Daugherty (married: 5 federal withholding allowances) earned weekly gross pay of $875. For each...

 

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1: Michael Daugherty (married: 5 federal withholding allowances) earned weekly gross pay of $875. For each period, he makes a 403(b) retirement plan contribution of 14% of gross pay. Using wage-bracket method: Federal income tax withholding = $_ Using percentage method: Federal income tax withholding = $_ 2: Carol Harrison (single: 0 federal withholding allowance) earned daily gross pay of $210. For each period, she makes a 401(k) contribution of 13% of gross pay. Using wage-bracket method: Federal income tax withholding = $_ Using percentage method: Federal income tax withholding = $_ 3: John Moyer (married; 6 federal withholding allowances) earned monthly gross pay of $3,090. He participates in a flexible spending account, to which he contributes $255 during the period. Using wage-bracket method: Federal income tax withholding - S Using percentage method: Federal income tax withholding = $_ 1: Michael Daugherty (married: 5 federal withholding allowances) earned weekly gross pay of $875. For each period, he makes a 403(b) retirement plan contribution of 14% of gross pay. Using wage-bracket method: Federal income tax withholding = $_ Using percentage method: Federal income tax withholding = $_ 2: Carol Harrison (single: 0 federal withholding allowance) earned daily gross pay of $210. For each period, she makes a 401(k) contribution of 13% of gross pay. Using wage-bracket method: Federal income tax withholding = $_ Using percentage method: Federal income tax withholding = $_ 3: John Moyer (married; 6 federal withholding allowances) earned monthly gross pay of $3,090. He participates in a flexible spending account, to which he contributes $255 during the period. Using wage-bracket method: Federal income tax withholding - S Using percentage method: Federal income tax withholding = $_

Answer rating: 100% (QA)

To calculate the federal income tax withholding using the wagebracket method and the percentage method for each individual we need to refer to the app... View the full answer