1. George is paid $500 per week in 2021 and claims married with 2 allowances on his 2019 Form W-4. What is his FITW using the percentage method of withholding? a. $27.14 b. $47.82 c. $9.90 d. $0 2. Joe's group-term life insurance, valued at $25, is imputed to his gross salary of $725. Joe's employer elects not to withhold FIT from this benefit. Assuming FICA of 7.65% and FITW of 15%, what is his net pay? a. $555.43 b. $583.88 c. $558.88 d. $555.13 3. Lorna has gross wages of $600 less FITW and FICA of $135.90 and a deduction of $15 for United Way. What is her disposable pay? a. $585.00 b. $600.00 c. $464.10 d. $449.10 4. Which of the following fringe benefits is tax-free up to the first $14,440 for 2021? a. educational assistance plan payments b. adoption assistance c. group-term life insurance d. employer-provided dental insurance 60 5. Under the special accounting rule, benefits received in and of 2021 may be recognized as provided in 2022. a. September, December b. November, December c. October, November d. December, January