Tas JU LOLLIC TOUCIGE WIL UITG TOA VITTUrumy using WU INCUIUS www .Dopongo For each employee listed, use both the wage-bracket method and the percentage method to calculate federal 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 Thomas Fortuna (married: 4 federal withholding allowances) eamed weekly gross pay of $765. For each period, he makes a 401(k) retirement plan contribution of 11% of gross pay. Using wage-bracket method: Federal income tax withholding = $ Using percentage method: Federal income tax withholding = $ Barbara Houlihan (single; 1 federal withholding allowance) camed daily gross pay of $310. For each period, she makes a 401(k) contribution of 11.5% of gross pay Using wage bracket method: Federal income tax withholding = 5 Using percentage method: Federal income tax withholding = $ Marcus Xavier (married: 5 federal withholding allowances) earned monthly gross pay of $3,640. He participates in a flexible spending account, to which he contributes $205 during the period. Using wage-bracket method: Federal income tax withholding - $ Using percentage method: Federal income tax withholding - $ Tas JU LOLLIC TOUCIGE WIL UITG TOA VITTUrumy using WU INCUIUS www .Dopongo For each employee listed, use both the wage-bracket method and the percentage method to calculate federal 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 Thomas Fortuna (married: 4 federal withholding allowances) eamed weekly gross pay of $765. For each period, he makes a 401(k) retirement plan contribution of 11% of gross pay. Using wage-bracket method: Federal income tax withholding = $ Using percentage method: Federal income tax withholding = $ Barbara Houlihan (single; 1 federal withholding allowance) camed daily gross pay of $310. For each period, she makes a 401(k) contribution of 11.5% of gross pay Using wage bracket method: Federal income tax withholding = 5 Using percentage method: Federal income tax withholding = $ Marcus Xavier (married: 5 federal withholding allowances) earned monthly gross pay of $3,640. He participates in a flexible spending account, to which he contributes $205 during the period. Using wage-bracket method: Federal income tax withholding - $ Using percentage method: Federal income tax withholding - $