Problem 1 For each employee listed in the table below 1. Identify which method should be used to determine the employee's federal income tax: the wage-bracket method (WB) or the percentage method (P). Type "WB" or " P " in the column provided. 2. Determine the amount of income tax to withhold for each employee. Use the wagebracket method (WB) where possible; use the percentage method ( P) only if the wagebracket method is not available. Enter the tax, rounded to the nearest cent, in the column provided. Employees are paid biweekly. Use the wage bracket tables and percentage formulas in your textbook. For employees that completed a 2020W4, assume standard withholding (no checkbox). Show your calculations for FIT determined using the percentage method below. If you don't show your work, I can only mark your answer as correct or incorrect - I can't award partial credit or provide feedback. Problem 1 For each employee listed in the table below 1. Identify which method should be used to determine the employee's federal income tax: the wage-bracket method (WB) or the percentage method (P). Type "WB" or " P " in the column provided. 2. Determine the amount of income tax to withhold for each employee. Use the wagebracket method (WB) where possible; use the percentage method ( P) only if the wagebracket method is not available. Enter the tax, rounded to the nearest cent, in the column provided. Employees are paid biweekly. Use the wage bracket tables and percentage formulas in your textbook. For employees that completed a 2020W4, assume standard withholding (no checkbox). Show your calculations for FIT determined using the percentage method below. If you don't show your work, I can only mark your answer as correct or incorrect - I can't award partial credit or provide feedback