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PSC 3 - 7 Calculate Federal Income Tax Withholding Using the Percentage Method ( 2 0 2 0 or Later Form W - 4 )

PSC 3-7 Calculate Federal Income Tax Withholding Using the Percentage Method (2020 or Later Form W-4)
For each employee listed, use the percentage method to calculate federal income tax withholding for an employee who has submitted a 2023 Form W-4. Refer to Publication 15-T.
1: Rosario Dawes files as married filing jointly on her tax return and earned weekly gross pay of $1,000. For each period she makes a flexible spending account contribution of 2% of gross pay. Rosario did not enter any information in steps 2-4 of the form.
Federal income tax withholding =$
2: Jesse Fineman files as married filing jointly on his tax return and earned weekly gross pay of $1,410. He does not make any retirement plan contributions. Jesse entered $20 on line 4C of Form W-4 and did not enter any information in steps 2 and 3 of the form.
Federal income tax withholding =$
3: Louanne Pauley files as single on her tax return and earned weekly gross pay of $880. For each period she makes a 401(k) contribution of 5% of gross pay. Louanne 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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