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Calculate Federal Income Tax Withholding Using the Percentage Method (2020 Form W-4) For each employee listed, use the percentage method to calculate federal income tax

Calculate Federal Income Tax Withholding Using the Percentage Method (2020 Form W-4)

For each employee listed, use the percentage method to calculate federal income tax withholding for an employee who has submitted a 2020 Form W-4.

1:Stephanie Wiliams files as single on her tax return and earned weekly gross pay of 720. For each pay period she makes a flexible spending account contribution of 7% of gross pay. Stephanie did not enter any information in steps 2-4 of the form.

Federal income tax withholding = $

2:Mo Fangia files as single on his tax return and earned weekly gross pay of 1040. He does not make any retirement plan contributions. Mo entered 30 on line 4c of Form W-4 and did not enter any information in steps 2 & 3 of the form.

Federal income tax withholding = $

3:Michaela Sampson files as married filing jointly on her tax return and earned weekly gross pay of 1580. For each pay period she makes a 401(k) contribution of 4% of gross pay. Michaela checked box 2c on Form W-4, entered 2000 in step 3 of the form, and did not enter any information in step 4 of the form.

Federal income tax withholding = $

Tentative Federal Income Tax Withholding = $

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