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1 Use (a) the percentage method and (b) the wage-bracket method to compute the federal income taxes to wathold from the wages or salaries of
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Use (a) the percentage method and (b) the wage-bracket method to compute the federal income taxes to wathold from the wages or salaries of each employee. Enter all amounts as positive numbers. Round your calculations and final answers to the nearest cent. As we go to press, the federal income tax rates for 2023 are being determined by budget talks in Washington, and are not available for publication. For this edition, the 2022 federal income tax tables for Manual Systems with Forms W-4 from 2020 or Later with Standard Withholding and 2022 FICA rates have been used. Cick here to access the Percentage Method Tables. Oick here to access the Wage-Bracket Method Tabies Step by Step Solution
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