RELATED VESE0119- * PSa 3-7 Calculate Federal (Percentage Method), State, and Local Income Tax Withholding For each employee listed, use the percentage method to calculate federal income tax withholding. 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 Appendix A. 2018 Federal Tax Tables in your textbook. NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation Walter Ferrell (mamed: 4 federal withholding allowances) eamed weekly gross pay of $1,040. For each period, he makes a 401(k) retirement plan contribution of 14.5% of gross pay. The city in which he works the lives elsewhere) levies a tax of 1.1% of an employee's taxable pay (which is the same for federal and local income tax withholding) on residents, and 0.9% of an employee's taxable pay on nonresidents. Federal income tax withholding - $ State income tax withholding = $ Local income tax withholding - $ Lucas Sedaris (married; 3 federal withholding allowances) earned weekly gross pay of $2,830. He participates in a flexible spending account to which he contributes $130 during the period. The city in which he lives and works levies a tax of 2.9% of an employee's taxable pay (which is the same for federal and local Income tax withholding) on residents and 2.2% of an employee's taxable pay on nonresidents. Federal income tax withholding = $ State income tax withholding = $ Local income tax withholding = $ RELATED VESE0119- * PSa 3-7 Calculate Federal (Percentage Method), State, and Local Income Tax Withholding For each employee listed, use the percentage method to calculate federal income tax withholding. 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 Appendix A. 2018 Federal Tax Tables in your textbook. NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation Walter Ferrell (mamed: 4 federal withholding allowances) eamed weekly gross pay of $1,040. For each period, he makes a 401(k) retirement plan contribution of 14.5% of gross pay. The city in which he works the lives elsewhere) levies a tax of 1.1% of an employee's taxable pay (which is the same for federal and local income tax withholding) on residents, and 0.9% of an employee's taxable pay on nonresidents. Federal income tax withholding - $ State income tax withholding = $ Local income tax withholding - $ Lucas Sedaris (married; 3 federal withholding allowances) earned weekly gross pay of $2,830. He participates in a flexible spending account to which he contributes $130 during the period. The city in which he lives and works levies a tax of 2.9% of an employee's taxable pay (which is the same for federal and local Income tax withholding) on residents and 2.2% of an employee's taxable pay on nonresidents. Federal income tax withholding = $ State income tax withholding = $ Local income tax withholding = $