Question
Determine the amount of income tax to withhold for each employee. Use the wage-bracket method (WB) where possible; use the percentage method (P) only if
Determine the amount of income tax to withhold for each employee. Use the wage-bracket method (WB) where possible; use the percentage method (P) only if the wage-bracket method is not available. Enter the tax, rounded to the nearest cent, in the column provided. Employees are paid biweekly. Use the wage bracket tables and percentage formulas in your textbook. For employees that completed a 2020 W-4, assume standard withholding (no checkbox). Employee Year W-4 Completed Method Used (WB or P) FIT Jewel Clark, (single), $960 wages 2020 Mary Lucena (married, 4 allowances), $1,375 wages 2017 Jody McDaly (single, 1 allowance), $6,531 wages 2015 Pedro Albers (married filing jointly), $1,820 wages 2020 Hui Sinclair (single), $7,038 wages 2020 Show your calculations for FIT determined using the percentage method below. If you dont show your work, I can only mark your answer as correct or incorrect I cant award partial credit or provide feedback.
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