Use the Percentage Method of Withholding to Find the Federal

question 69

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.
-Fred Jones has gross earnings of $4723.08 biweekly. He is married and has 3 withholding allowances.

• A)$3,673.96
• B)$4,035.27
• C)$5,049.58
• D)$4,361.77

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