Use the percentage method of withholding to find federal withholding tax, a 6.2% FICA rate to find FICA tax, and 1.45% to find Medicare tax for the employee Derma, whose marital status is married, whose number of withholding allowances is 2, and whose semimonthly gross earnings are $2972.42. Then find her net pay. Assume that she has not earned over $130,000 so far this year. Click here to view the weekly and biweekly tables for the percentage method of withholding. Click here to view the semimonthly and monthly tables for the percentage method of withholding. Click here to view the table for one withholding allowance. Derma's federal withholding tax is $ (Round to the nearest cent as needed.) Derma's FICA tax is $ (Round to the nearest cent as needed.) Derma's Medicare tax is $ (Round to the nearest cent as needed.) Derma's net pay is $0 (Round to the nearest cent as needed.) The amount of income tax to withholdis: $0 of excess over- $0.00 plus 10% -$164 $35.70 plus 15% -$521 $ 199.50 plus 25% -$1,613 $567.75 plus 28% -$3,086 $995.87 plus 33% -$4,615 $2,150.21 plus 35% $8,113 $2,511.06 plus 39.6% -$9,144 (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 allowances) is: to withhold is: allowances) is: Not over $43. $0 Not over $164 Over- But not over of excess over-Over- But not over $43 -$222 $0.00 plus 10% -$43 $164 -$521 - $767 $17.90 plus 15% -$222 $521 -$1,613 $767 -$1,796 $99.65 plus 25% - $767 $1,613 -$3,086 $1,796 -$3,700 $356.90 plus 28% -$1,796 $3,086 -$4,615 $3,700 -$7,992 $890.02 plus 33% -$3,700 $4,615 $8,113 $7.992 -$8,025 $2,306.38 plus 35% $7.992 $8,113 $9,144 $8,025 $2,317.93 plus 39.6% $8,025 $9,144 TABLE 2-BIWEEKLY 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 allowances) is: to withhold is: allowances) is: Not over $87 $0 Not over $329 Over- But not over- of excess over Over But not over- $87 -$443 $0.00 plus 10% -$87 $329 -$1,042 $443 -$1,535 $35.60 plus 15% -$443 $1,042 -$3,225 $1,535 - $3,592 $199.40 plus 25% -$1,535 $3,225 -$6,171 $3,592 -$7.400 $713.65 plus 28% -$3,592 $6,171 -$9,231 $7.400 -$15,985 $1,779.89 plus 33% -$7,400 $9 231 -$16,227 $ 15,985 -$16,050 $4,612.94 plus 35% -$15,985 $16.227 -$18,288 $ 16,050 $4,635.69 plus 39.6% -$16,050 $18.288 The amount of income tax to withholdis: $0 of excess over- $0.00 plus 10% -$329 $71.30 plus 15% $1,042 $398.75 plus 25% $3,225 $1,135.25 plus 28% -$6,171 $1,992.05 plus 33% -$9,231 $4,300.73 plus 35% -$16,227 $5,022.08 plus 39.6% -$18,288 (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 tax allowances) is: to withhold is: allowances) is: to withholdis: Not over $94. . $0 Not over $356 .$0 Over- But not over- of excess over Over- But not over- of excess over- $94 -$480 $0.00 plus 10% -$94 $356 $1,129 $0.00 plus 10% -$356 $480 - $1,663 $38.60 plus 15% -$480 $1,129 -$3,494 $7730 plus 15% -$1,129 $1,663 - $3,892 $216.05 plus 25% -$1,663 $3,494 - $6,685 $432.05 plus 25% -$3,494 $3,892 -$8,017 $773.30 plus 28% -$3,892 $6,685 -$10,000 $1,229.80 plus 28% -$6,685 $8,017 -$17,317 $1,928.30 plus 33% -$8,017 $10,000 $17.579 $2,158.00 plus 33% -$10,000 $17,317 -$17,388 $4,997.30 plus 35% -$17,317 $17,579 -$19.813 $4,659.07 plus 35% $17,579 $17,388 $5,022.15 plus 39.6% -$17,388 $19,813 $5,440.97 plus 39.6% -$19,813 TABLE 4-MONTHLY 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 tax allowances) is: to withhold is: allowances) is: to withholdis: Not over $188 $0 Not over $713. $0 Over But not over- of excess over-Over- But not over- of excess over- $188 -$960 $0.00 plus 10% -$188 $713 -$2,258 ... $0.00 plus 10% - $713 $960 -$3.325 $77.20 plus 15% -$960 $2258 -$6,988 $154.50 plus 15% - $2258 $3,325 -$7,783 $431.95 plus 25% -$3,325 $6.988 $13,371 $864.00 plus 25% $6,988 $7,783 -$16,033 $1,546.45 plus 28% -$7,783 $13,371 $20,000 $2,459.75 plus 28% -$13,371 $16,033 -$34,633 $3,856.45 plus 33% -$16,033 $20,000 -$35,158 .$4.315.87 plus 33% -$20,000 $34,633 -$34,775 $9,994.45 plus 35% $34,633 $35,158 $39,625 $9,318.01 plus 35% -$35,158 $34,775 $10,044.15 plus 39.6% -$34,775 $39,625 $10,881.46 plus 39.6% -$39,625 Percentage Method: Amount for One Withholding Allowance Payroll Period One Withholding Allowance Weekly $77.90 Biweekly $155.80 Semimonthly $168.80 Monthly $337.50 Use the percentage method of withholding to find federal withholding tax, a 6.2% FICA rate to find FICA tax, and 1.45% to find Medicare tax for the employee Derma, whose marital status is married, whose number of withholding allowances is 2, and whose semimonthly gross earnings are $2972.42. Then find her net pay. Assume that she has not earned over $130,000 so far this year. Click here to view the weekly and biweekly tables for the percentage method of withholding. Click here to view the semimonthly and monthly tables for the percentage method of withholding. Click here to view the table for one withholding allowance. Derma's federal withholding tax is $ (Round to the nearest cent as needed.) Derma's FICA tax is $ (Round to the nearest cent as needed.) Derma's Medicare tax is $ (Round to the nearest cent as needed.) Derma's net pay is $0 (Round to the nearest cent as needed.) The amount of income tax to withholdis: $0 of excess over- $0.00 plus 10% -$164 $35.70 plus 15% -$521 $ 199.50 plus 25% -$1,613 $567.75 plus 28% -$3,086 $995.87 plus 33% -$4,615 $2,150.21 plus 35% $8,113 $2,511.06 plus 39.6% -$9,144 (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 allowances) is: to withhold is: allowances) is: Not over $43. $0 Not over $164 Over- But not over of excess over-Over- But not over $43 -$222 $0.00 plus 10% -$43 $164 -$521 - $767 $17.90 plus 15% -$222 $521 -$1,613 $767 -$1,796 $99.65 plus 25% - $767 $1,613 -$3,086 $1,796 -$3,700 $356.90 plus 28% -$1,796 $3,086 -$4,615 $3,700 -$7,992 $890.02 plus 33% -$3,700 $4,615 $8,113 $7.992 -$8,025 $2,306.38 plus 35% $7.992 $8,113 $9,144 $8,025 $2,317.93 plus 39.6% $8,025 $9,144 TABLE 2-BIWEEKLY 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 allowances) is: to withhold is: allowances) is: Not over $87 $0 Not over $329 Over- But not over- of excess over Over But not over- $87 -$443 $0.00 plus 10% -$87 $329 -$1,042 $443 -$1,535 $35.60 plus 15% -$443 $1,042 -$3,225 $1,535 - $3,592 $199.40 plus 25% -$1,535 $3,225 -$6,171 $3,592 -$7.400 $713.65 plus 28% -$3,592 $6,171 -$9,231 $7.400 -$15,985 $1,779.89 plus 33% -$7,400 $9 231 -$16,227 $ 15,985 -$16,050 $4,612.94 plus 35% -$15,985 $16.227 -$18,288 $ 16,050 $4,635.69 plus 39.6% -$16,050 $18.288 The amount of income tax to withholdis: $0 of excess over- $0.00 plus 10% -$329 $71.30 plus 15% $1,042 $398.75 plus 25% $3,225 $1,135.25 plus 28% -$6,171 $1,992.05 plus 33% -$9,231 $4,300.73 plus 35% -$16,227 $5,022.08 plus 39.6% -$18,288 (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 tax allowances) is: to withhold is: allowances) is: to withholdis: Not over $94. . $0 Not over $356 .$0 Over- But not over- of excess over Over- But not over- of excess over- $94 -$480 $0.00 plus 10% -$94 $356 $1,129 $0.00 plus 10% -$356 $480 - $1,663 $38.60 plus 15% -$480 $1,129 -$3,494 $7730 plus 15% -$1,129 $1,663 - $3,892 $216.05 plus 25% -$1,663 $3,494 - $6,685 $432.05 plus 25% -$3,494 $3,892 -$8,017 $773.30 plus 28% -$3,892 $6,685 -$10,000 $1,229.80 plus 28% -$6,685 $8,017 -$17,317 $1,928.30 plus 33% -$8,017 $10,000 $17.579 $2,158.00 plus 33% -$10,000 $17,317 -$17,388 $4,997.30 plus 35% -$17,317 $17,579 -$19.813 $4,659.07 plus 35% $17,579 $17,388 $5,022.15 plus 39.6% -$17,388 $19,813 $5,440.97 plus 39.6% -$19,813 TABLE 4-MONTHLY 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 tax allowances) is: to withhold is: allowances) is: to withholdis: Not over $188 $0 Not over $713. $0 Over But not over- of excess over-Over- But not over- of excess over- $188 -$960 $0.00 plus 10% -$188 $713 -$2,258 ... $0.00 plus 10% - $713 $960 -$3.325 $77.20 plus 15% -$960 $2258 -$6,988 $154.50 plus 15% - $2258 $3,325 -$7,783 $431.95 plus 25% -$3,325 $6.988 $13,371 $864.00 plus 25% $6,988 $7,783 -$16,033 $1,546.45 plus 28% -$7,783 $13,371 $20,000 $2,459.75 plus 28% -$13,371 $16,033 -$34,633 $3,856.45 plus 33% -$16,033 $20,000 -$35,158 .$4.315.87 plus 33% -$20,000 $34,633 -$34,775 $9,994.45 plus 35% $34,633 $35,158 $39,625 $9,318.01 plus 35% -$35,158 $34,775 $10,044.15 plus 39.6% -$34,775 $39,625 $10,881.46 plus 39.6% -$39,625 Percentage Method: Amount for One Withholding Allowance Payroll Period One Withholding Allowance Weekly $77.90 Biweekly $155.80 Semimonthly $168.80 Monthly $337.50