Mary receives a base salary of $2,500 on the 1st of each month. She claims S-0. On May 1st, she received $2,500. On May 15, she received a $500 bonus. On May 29, she receives a second bonus of $1,200. All the aforementioned amounts are gross amounts. Use the 2020 Wage Bracket Method- 2019 or earlier Forms W-4. Assuming that federal income tax was correctly withheld from the first two payments, compute the amount of FIT to withhold from the second bonus under the aggregate method.

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Federal Income Tax Withholding Second Bonus Given Information Base salary 2500month S0 withholding M... View the full answer