Question: Use (a) the percentage method and (b) the wage-bracket method to compute the federal income taxes to withhold from the wages or salaries of each

Use (a) the percentage method and (b) the wage-bracket method to compute the federal income taxes to withhold from the wages or salaries of each employee. Enter all amounts as positive numbers. Round your calculations and final answers to the nearest cent. As we go to press, the federal income tax rates for 2023 are being determined by budget talks in Washington, and are not available for publication. For this edition, the 2022 federal income tax tables for Manual Systems with Forms W-4 from 2020 or Later with Standard Withholding and 2022 FICA rates have been used. Click here to access the Wage-Bracket Method Tables. Click here to access the Percentage Method Tables. I Amount to Be Withheld No. of Filing Withholding Gross Wage or Percentage Wage-Bracket Employee Status Allowances Salary Method Method Louis, S. S N/A $1,040 weekly Hanks, X. S N/A 1,910 weekly Gillespie, H. MFJ N/A 1,890 biweekly Tromley, P. MFJ N/A 2,315 semimonthly Farley, R. MFJ N/A 3,200 monthly
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