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Psa 3-4 Calculate Federal Income Tax Withholding Using the Percentage Method (pre-2020 Form W-4) For each employee listed, use the percentage method to calculate federal

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Psa 3-4 Calculate Federal Income Tax Withholding Using the Percentage Method (pre-2020 Form W-4) For each employee listed, use the percentage method to calculate federal income tax withholding for an employee who has submitted a pre-2020 Form W-4. Refer to Federal Tax Tables in Appendix A of your textbook. NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation. Percentage Method Tables for Forms W-4 from 2019 or Earlier 1: Billy Rainer (married; 2 federal withholding allowances) earned weekly gross pay of $587. Federal income tax withholding = $ 2: Angel Rodriguez (married; 3 federal withholding allowances) earned biweekly gross pay of $1,035. He participates in a flexible spending account, to which he contributes $60 during the period. Federal income tax withholding = $ 3: Julie Smithers (single; 2 federal withholding allowances) earned monthly gross pay of $2,155. For each period, she makes a 401(k) contribution of 8% of gross pay. Federal income tax withholding = $ 4: Anna Marquez (single; O federal withholding allowances) earned semimonthly gross pay of $1,700. She participates in a cafeteria plan, to which she contributes $110 during the period. Federal income tax withholding = $ Psa 3-4 Calculate Federal Income Tax Withholding Using the Percentage Method (pre-2020 Form W-4) For each employee listed, use the percentage method to calculate federal income tax withholding for an employee who has submitted a pre-2020 Form W-4. Refer to Federal Tax Tables in Appendix A of your textbook. NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation. Percentage Method Tables for Forms W-4 from 2019 or Earlier 1: Billy Rainer (married; 2 federal withholding allowances) earned weekly gross pay of $587. Federal income tax withholding = $ 2: Angel Rodriguez (married; 3 federal withholding allowances) earned biweekly gross pay of $1,035. He participates in a flexible spending account, to which he contributes $60 during the period. Federal income tax withholding = $ 3: Julie Smithers (single; 2 federal withholding allowances) earned monthly gross pay of $2,155. For each period, she makes a 401(k) contribution of 8% of gross pay. Federal income tax withholding = $ 4: Anna Marquez (single; O federal withholding allowances) earned semimonthly gross pay of $1,700. She participates in a cafeteria plan, to which she contributes $110 during the period. Federal income tax withholding = $

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