PSb 3-7 Calculate Federal Income Tax Withholding Using the Percentage Method (2020/2021 Form W-4)

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

1:Julia Jacobsen files as single on her tax return and earned weekly gross pay of $500. For each pay period she makes a 401(k) contribution of 2% of gross pay. Julia checked box 2c on Form W-4, entered $40 on line 4c of the form, and did not enter any information in step 3 of the form. Federal income tax withholding = $

2:Alejandro Wright files as single on his tax return and earned weekly gross pay of $1300. He does not make any retirement plan contributions. Alejandro entered $500 in step 3 of the form and did not enter any information in steps 2 & 4 of the form. Federal income tax withholding = $ Tentative Federal Income Tax Withholding = $

3:Beatrice Nen files as married filing jointly on her tax return and earned weekly gross pay of $1130. For each pay period she makes a flexible spending account contribution of 5% of gross pay. Beatrice did not enter any information in steps 2-4 of the form. Federal income tax withholding = $