For each employee listed, use both the wage-bracket method and the percentage method to calculate federal income tax withholding Refer to Appendix A. 2018 Federal Tax Tables in your textbook NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation Thomas Fortuna (married, 4 federal withholding allowances) eamed weekly gross pay of $745. For each period, he makes a 401(k) retirement plan contribution of 10% of gross pay. Using wage bracket method: Federal income tax withholding Using percentage method Federal income tax withholdings Barbara Houlihan (single, 1 federal withholding allowance) earned daily gross pay of $320. For each period, she makes a 401(k) contribution of 12% of gross pay Using wage bracket method Federal income tax withholding Using percentage method Federal income tax withholding $ Marcus Xavier (married, 5 federal withholding allowances) earned monthly gross pay of $3,650. He participates in a flexible spending account, to which he contributes $200 during the period Using wage bracket method Federal income tax withholdings Using percentage method: Federal income tax withholding - $ PREVIOUS NEXT SUBMIT ASSIGNMENT For each employee listed, use both the wage-bracket method and the percentage method to calculate federal income tax withholding Refer to Appendix A. 2018 Federal Tax Tables in your textbook NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation Thomas Fortuna (married, 4 federal withholding allowances) eamed weekly gross pay of $745. For each period, he makes a 401(k) retirement plan contribution of 10% of gross pay. Using wage bracket method: Federal income tax withholding Using percentage method Federal income tax withholdings Barbara Houlihan (single, 1 federal withholding allowance) earned daily gross pay of $320. For each period, she makes a 401(k) contribution of 12% of gross pay Using wage bracket method Federal income tax withholding Using percentage method Federal income tax withholding $ Marcus Xavier (married, 5 federal withholding allowances) earned monthly gross pay of $3,650. He participates in a flexible spending account, to which he contributes $200 during the period Using wage bracket method Federal income tax withholdings Using percentage method: Federal income tax withholding - $ PREVIOUS NEXT SUBMIT ASSIGNMENT