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

PSc 3-6 Calculate Federal Income Tax Withholding Using the Wage-Bracket Method (2020 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 Appendix A, 2020 Federal Tax Tables in your textbook.

  • Publication 15-T (2020)

1:James Rowles files as single on his tax return and earned weekly gross pay of 792. For each pay period he makes a 401(k) contribution of 3% of gross pay. James 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:Louise Ames files as married filing jointly on her tax return and earned weekly gross pay of 1420. She does not make any retirement plan contributions. Louise entered 3600 on line 4b of Form W-4 and did not enter any information in steps 2 & 3 of the form. Federal income tax withholding = $

3:Danielle Curtain files as married filing jointly on her tax return and earned weekly gross pay of 1580. For each pay period she makes a flexible spending account contribution of 6% of gross pay. Danielle entered 500 in step 3 of Form W-4 and did not enter any information in steps 2 & 4 of the form. Federal income tax withholding = $ Tentative Federal Income Tax Withholding = $

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