URGENT

Use the percentage method of withholding to find the federal withholding tax, a 6.2% FICA rate to find the FICA tax, and 1.45% to find the Medicare tax. Then find the net pay for the employee. Assume that the employee has not earned over $115,000 so far this year.

Robert Stang has gross earnings of $603.16 weekly. He is married and has 3 withholding allowances.

Percentage Method: Amount for One Withholding Allowance Payroll Period One Withholding Allowance Weekly $73.08 Biweekly $146.15 Semimonthly $158.33 Monthly $316.67 -$41 -$490 -$490 $312 Tables for Percentage Method of Withholding TABLE 1-WEEKLY Payroll Period (a) SINGLE person (including head of household - (b) MARRIED person- If the amount of wages (after If the amount of wages (after subtracting withholding The amount of income tax subtracting withholding The amount of Income allowances) is: to withholdis: alowance) is: tax to withholdis: Not over $41. $0 Not over $156 .so Over- But not over- of excess over-Over- But not over- of excess over- $41 --$209 $0.00 plus 10% $156 50.00 plus 10% -$150 $209 --$721 $16.80 plus 15% -$209 $490 $1,515 - $33.40 plus 15% $721 --$1,689 $93.50 plus 25% -$721 $1,515 -$2,900 $187.15 plus 25% -$1,515 $1,688 -$3,477 $336.36 plus 20% $1,698 $2.900 -$4,339 533.40 plus 28% -$2,900 $3,477 -$7,510 $836.27 plus 32% -$3,477 $4339 -$7,624 $936.04 plus 33% -$4,338 $7,510 $2,167.16 plus 35% -$7,510 $7,624 $2,020.42 plus 35% -S7,624 TABLE 2-BIWEEKLY Payroll Period (a) SINGLE person (including head of household)- (6) MARRIED person- If the amount of wages (after If the amount of wages (alter subtracting withholding The amount of income tax subtracting withholding The amount of Income allowances) is: to withhold is allowances) is: tax to withholdis: Not over SB3. $0 Not over $312 -SO Over- But not over of excess over- Over- But not over- of excess over- $83 -S417 $0.00 plus 10% -$93 -$981 .S0.00 plus 10% - $312 $417 -$1,442 $33.40 plus 15% ---$417 $991 -$3,031 586.90 plus 15% -$981 $1,442 -$3,277 $187.15 plus 25% -$1,442 $2,031 $5,900 -$3.031 $374.40 plus 25% $2.377 -$6,964 $870.90 plus 20% $3,377 $5,800 -$8,675 $1,066.85 plus 29% -$5.900 $6.954 -$15,019 $1,672.46 plus 33% $6,954 $2,675 -$15,248 -$1,871.65 plus 33% -S8,675 $15.019 $4,333.91 plus 35% -$15,019 $15.248 $4.040.74 plus 35% -$15.248 TABLE 3-SEMIMONTHLY Payroll Period (a) SINGLE Person (including head of household - (b) MARRIED person- If the amount of wages (after it the amount of wages (after subtracting withholding The amount of income tax The amount of Income allowance) IS: subtracting withholding to withholds alowances) is: tax to withholdis: Not over $90. $0 Not over $330 SO Over- But not over- of excess over-Over- But not over of excess over- $90 -$452 $0.00 plus 10% $338 -$1.063 S0.00 plus 10% $452 -$1.563 $36.20 plus 15% $1,063 -$3.282 $72.50 plus 15% -$1,063 $1,563 -$3,650 $202.85 plus 25% -$1.563 $3,293 -$6.283 -S405.50 plus 25% -$3.23 $3.650 -$7,533 $726.60 plus 29% -$3,658 $8,293 -$9,398 $1,156.56 plus 29% --$8,283 $7,533 -$16.271 $1,811.66 plus 33% -$7,533 $9,398 - $16,519 $2,027.70 plus 33% -$9,390 $16.271 $4,695.14 plus 35% -$16.271 $16,519 $4.377.63 plus 35% -$16,519 TABLE 4-MONTHLY Payroll Period (a) SINGLE Person (including head of household) - (D) MARRIED person- If the amount of wages (after If the amount of wages (after subtracting withholding The amount of Income tax subtracting withholding The amount of Income allowance is: to withhold is: alowances) is: tax to withholdis: Not over $179 $0 Not over $675... .SO Over- But not over of excess over-Over- But not over- of excess over- -S904 $0.00 plus 1096 $675 50.00 plus 10% $675 8904 -$3,125 $72.50 plus 15% $2,125 - $6.567 $145.00 plus 15% -$2,125 $3.125 -$7,317 $406.65 plus 25% -$3,125 $6,567 -$12.567 se11.30 plus 25% ---$6,567 $7 317 -$15,087 $1,453.85 plus 28% -$7,317 $12,567 -$18.798 $2,311.30 plus 29% -$12,567 $15,087 -$32,542 $3,623.65 plus 33% -$15,067 $18,796 $33,038 84,055.42 plus 3396 -$18,796 $32,542 $9,390.40 plus 35% ---$32,542 $33,038 .S9,755.28 plus 35% -$32,038 -$90 -3452 -5338 $179 -$179 - $904 -$2.125