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Use the Percentage Method of Withholding to Find the Federal

question 23

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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. 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.     -Robert Stang has gross earnings of $603.16 weekly. He is married and has 4 withholding allowances. A) $541.73 B) $587.88 C) $572.29 D) $557.01 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.     -Robert Stang has gross earnings of $603.16 weekly. He is married and has 4 withholding allowances. A) $541.73 B) $587.88 C) $572.29 D) $557.01
-Robert Stang has gross earnings of $603.16 weekly. He is married and has 4 withholding allowances.


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