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HOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation Thomas Fortuna (married:

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HOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation Thomas Fortuna (married: 4 federal withholding allowances) earned weekly gross pay of $766. For each period, he makes a 401(K) retirement plan contribution of 11% of gross pay. Using wage-bracket method: Federal income tax withholding = $ Using percentage method: Federal income tax withholding = $ Barbara Houlihan (single; 1 federal withholding allowance) eamed daily gross pay of $310. For each period, she makes a 401(K) contribution of 11.5% of gros pay Using wage-bracket method: Federal income tax withholding = $ Using percentage method: Federal income tax withholding = $_| Marcus Xavier (married; 5 federal withholding allowances) earned monthly gross pay of $3,640. He participates in a flexible spending account, to which he contributes $205 during the period. Using wage-bracket method: Federal income tax withholding = $ Using percentage method: Federal income tax withholding - $ HOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation Thomas Fortuna (married: 4 federal withholding allowances) earned weekly gross pay of $766. For each period, he makes a 401(K) retirement plan contribution of 11% of gross pay. Using wage-bracket method: Federal income tax withholding = $ Using percentage method: Federal income tax withholding = $ Barbara Houlihan (single; 1 federal withholding allowance) eamed daily gross pay of $310. For each period, she makes a 401(K) contribution of 11.5% of gros pay Using wage-bracket method: Federal income tax withholding = $ Using percentage method: Federal income tax withholding = $_| Marcus Xavier (married; 5 federal withholding allowances) earned monthly gross pay of $3,640. He participates in a flexible spending account, to which he contributes $205 during the period. Using wage-bracket method: Federal income tax withholding = $ Using percentage method: Federal income tax withholding - $

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