Use the Percentage Method of Withholding to Find the Federal

question 11

Multiple Choice

Use the percentage method of withholding to find the federal withholding tax, a 6.2% FICA rate to find the FICA tax, and
1.45% to find the Medicare tax. Then find the net pay for the employee. Assume that the employee has not earned over
$115,000 so far this year.
-Thomas McKnight has gross earnings of $22,012.15 monthly. He is married and has 8 withholding allowances.

• A)$24,608.96
• B)$17,731.41
• C)$16,047.48
• D)$20,328.22

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Definitions:

DSM-5

The fifth edition of the Diagnostic and Statistical Manual of Mental Disorders, a comprehensive classification of mental disorders by the American Psychiatric Association.

Symptoms

The signs or indications of a disease or condition that are noticed by the patient, often leading to a diagnosis.

Diagnosis

Diagnosis is the identification of the nature and cause of a certain phenomenon, typically concerning the process of determining a disease or condition from its signs and symptoms.

Obsession

A persistent, unwanted thought, image, or urge that causes distress or anxiety.