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PSc 3-4 Calculate Federal Income Tax Withholding Using the Percentage Method

For each employee listed, use the percentage method to calculate federal income tax withholding. Refer to Appendix A, 2017 Federal Tax Tables in your textbook.

NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.

1:

Tony Daniels (Married; 4 federal withholding allowances) earned weekly gross pay of $800.

Federal income tax withholding = $

2:

Mario Gonzales (married; 5 federal withholding allowances) earned biweekly gross pay of $2,025. He participates in a flexible spending account, to which he contributes $100 during the period.

Federal income tax withholding = $

3:

Angela Brown (single; 3 federal withholding allowances) earned monthly gross pay of $5,170. For each period, she makes a 401(k) contribution of 12% of gross pay.

Federal income tax withholding = $

4:

Linda Sykes (single; 1 federal withholding allowance) earned semimonthly gross pay of $2,700. She participates in a cafeteria plan, to which she contributes $150 during the period.

Federal income tax withholding = $