PSC 3-8 Calculate Federal (Wage-Bracket Method - Pre-2020 Form W-4), State, and Local Income Tax Withholding For each employee listed, use the wage-bracket method to calculate federal income tax withholding, assuming that each has submitted a pre-2020 Form W-4. Then calculate both the state income tax withholding (assuming a state tax rate of 5.0% of taxable pay, with taxable pay being the same for federal and state income tax withholding), and the local income tax withholding. Refer to Publication 15-T. NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation. 1: Irving Black (single; 0 federal withholding allowance) earned weekly gross pay of $990. For each period, he makes a 401(k) retirement plan contribution of 7.5% of gross pay. The city in which he works (he lives elsewhere) levies a tax of 1.65% of an employee's taxable pay (which is the same for federal and local income tax withholding) on residents, and 0.75% of an employee's taxable pay on nonresidents. Federal income tax withholding = $ State income tax withholding = $ Local income tax withholding $ 2: William Stefano (married; 6 federal withholding allowances) earned weekly gross pay of $1,115. He participates in a flexible spending account, to which he contributes $95 during the period. The city in which he lives and works levies a tax of 2.1% of an employee's taxable pay (which is the same for federal and local income tax withholding) on residents and 1.45% of an employee's taxable pay on nonresidents. Federal income tax withholding = $ State income tax withholding = S Local income tax withholding = $ 3: Brad Haley (married; 3 federal withholding allowances) earned weekly gross pay of $1,110. For each period, he makes a 403(b) retirement plan contribution of 9% of gross pay. The city in which he lives and works levies a tax of 1.4% of an employee's taxable pay (which is the same for federal and local income tax withholding) on both residents and nonresidents. Federal income tax withholding = $ State income tax withholding = $ Local income tax withholding = $ 4: Zane Smith (single; 2 federal withholding allowances) earned weekly gross pay of $1,025. He participates in a cafeteria plan, to which he pays $75 during the period. The city in which he works levies a tax of $15/week on employees who work within city limits. Federal income tax withholding = $ State income tax withholding = $ Local income tax withholding = $