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Parker is single, has indicated checkbox withholding on the 2022 Form W-4, and has no pre-tax deductions. Parker earned $1,905.00 during the most recent biweekly
Parker is single, has indicated checkbox withholding on the 2022 Form W-4, and has no pre-tax deductions. Parker earned $1,905.00 during the most recent biweekly pay period. Parker needs to decide between contributing 3% and $30 to his 401(k) plan. If Parker chooses the method that results in the lowest taxable income, how much will be withheld for Federal income tax (based on the following table)? Note: Use the wage-bracket table. 2022 Wage Bracket Method Tables for Manual Payroll Systems
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