Ely is single, claims one dependent who is under the age of 17, and receives gross wages of $3,700 paid semimonthly. He has filed 2020 W-4 with his employer who uses the percentage method for a manual payroll (See appendix). Assume that Ely has only one job or that step 2 of Form W-4 is not checked. What is the amount of income tax withheld on Ely's gross wages for each pay period?

Multiple Choice

• $564.33

• $524.92

• $441.51

• $470.23