For each employee listed, use both th n your textbook. e wage-bracket method and the percentage method to calculate federal income tax witholding. Refer to Appendix A,2017 Federal Tax Tables NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation. Michael Daugherty married; 5 ederal withholding allowances earned weekly gross pay of $855. For each period, he makes a 403 b retirement plan contribution of 12% of gross pay. Using wage-bracket method: Federal income tax withholding S Using percentage method: Federal income tax withholding $ 2: Carol Harrison (single; 0 federal withholding allowance) earned daily gross pay of $250. For each period, she makes a 401(k) contribution of 10% of gross pay. Using wage-bracket method: Federal income tax withholding - s Using percentage method: Federal income tax withholding-$ I withholding allowances) earned monthly gross pay of $4,050. He participates in a flexible spending account, to which he contrib earned 3: John Moyer (married; 6 federal during the period. Using wage-bracket method: Federal income tax withholding s Using percentage method: Federal income tax withholding $ NEXT SUBMIT ASSIGNMENT 03 PM Tuesoay qb 2/13/2018 e Type here to search