Use the Percentage Method of Withholding to Find the Federal

question 30

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.
-Karen Smith has gross earnings of $7512.15 monthly. She is single and has 6 withholding allowances.

• A)$7,964.90
• B)$6,484.72
• C)$6,937.47
• D)$5,910.04

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Definitions:

Pyridoxine

Another name for Vitamin B6, a water-soluble vitamin important for normal brain development and for keeping the nervous system and immune system healthy.

Amino Acid Metabolism

The set of biochemical processes that lead to the synthesis and breakdown of amino acids, crucial for protein synthesis and energy production.

Coenzyme FAD

Flavin adenine dinucleotide, a redox-active coenzyme associated with various enzymes, involved in several important metabolic reactions.

Vitamin K

A fat-soluble vitamin that plays a critical role in blood clotting and bone metabolism.