Problem 5-6A (Algo) Wynne and Associates has employees with pay schedules that vary based on job classification. Use Elgure 54 Required: Compute the Federal income tax withholding for each employee using the percentage method in Appendix C. Assume that no pre-tax deductions exist for any employee. (Round your intermediate calculations and final answers to 2 decimal places.) Pay Marital Status S Federal Income Tax Employee S. Turner D. McGorray A Kennedy R. Thomas S No. of Pay Exemptions Frequency 4 Weekly 9 Monthly 8 Daily 10 Annually Amount $ 3,500 $ 17,500 $ 750 $ 130,000 M M FIGURE 5-4 Percentage Method for One Withholding Allowance-2019 Payroll Period One Withholding Allowance Weekly $ 80.80 Biweekly 161.50 Semimonthly 175.00 Monthly 350.00 Quarterly 1.050.00 Semiannually 2.100.00 Annually 4,200.00 Daily or miscellaneous (each day of the payroll period) 16.20 APPENDIX C Federal Income Tax Tables The following is information about federal income tax withholding for 2019. Specific questions about federal income taxes and business situations may be directed to the Internal Revenue Service via the IRS website at https://www.irs.gov/businesses. Payroll Period One Withholding Allowance $ 80.80 Weekly Biweekly 161.50 175.00 Semimonthly 350.00 Monthly Quarterly 1.050.00 Semiannually 2,100.00 4,200.00 Annually Daily or miscellaneous (each day of the payroll period) 16.20 *Note: Appendix C is derived from IRS Publication 15. A comment to refer to pages 44 and 47 exists at the section end for wage bracket tables when the taxable wages exceed the table. These page references are for Publication 15 itself and not to pages within this text ax Withholding