Damerly Company $($a Utah employer$)$ wants to give a holiday bonus check of $$125$ to each employee. Since it wants the check amount to be $$125,$ it will need to gross$-$up

the amount of the bonus. Calculate the withholding taxes and the gross amount of the bonus to be made to John Rolen if his cumulative earnings for the year are $$46,910.$

Besides being subject to social security taxes and federal income tax $($supplemental rate$),$ a $4\mathrm{.}95\%$ Utah income tax must be withheld on supplemental payments.

Enter deductions beginning with a minus sign $(-).$ You may need to adjust by a penny $($subtract or add$)$ to the gross amount to get net pay to calculate

exactly to $$125\mathrm{.}00.$ Round your calculations and final answers to the nearest cent.

As we go to press, the federal income tax rates for $2024$ are being determined by budget talks in Washington, and are not available for publication. For

this edition, the $2023$ federal income tax tables for Manual Systems with Forms W$-4$ From $2020$ or Later with Standard Withholding and $2023$ FICA rates

have been used.