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PSb 3-6 Calculate Federal Income Tax Withholding Using the Wage-Bracket Method (2020/2021 Form W-4) For each employee listed, use the wage-bracket method to calculate federal

PSb 3-6 Calculate Federal Income Tax Withholding Using the Wage-Bracket Method (2020/2021 Form W-4)

For each employee listed, use the wage-bracket method to calculate federal income tax withholding for an employee who has submitted a 2020 Form W-4. Refer to Publication 15-T.

1:Blaine Philips files as married filing jointly on his tax return and earned weekly gross pay of $385. He does not make any retirement plan contributions. Blaine checked box 2c on Form W-4 and did not enter any information in steps 3-4 of the form. Federal income tax withholding = $

2:Chloe Fineman files as single on her tax return and earned weekly gross pay of $920. For each pay period she makes a 401(k) contribution of 6% of gross pay. Chloe entered $12000 on line 4a of Form W-4 and did not enter any information in steps 2 & 3 of the form. Federal income tax withholding = $

3:Maria Moore files as married filing jointly on her tax return and earned weekly gross pay of $790. For each pay period she makes a flexible spending account contribution of 3% of gross pay. Maria checked box 2c on Form W-4, entered $500 in step 3 of the form, and did not enter any information in step 4 of the form. Federal income tax withholding = $ Tentative Federal Income Tax Withholding = $

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