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Use the percentage method to compute the federal income taxes to withhold from the wages or salaries of each employee. Tax bracket and percentage method
Use the percentage method to compute the federal income taxes to withhold from the wages or salaries of each employee. Tax bracket and percentage method for 2021
Employee No. | Employee Name | Filing Status | No. of Withholding Allowances | Gross Wage or Salary | Amount to Be Withheld | |
1 | Fox, A. | MFJ | N/A | $1,575 | weekly | $ 229.90 |
2 | Aiken, T. | S | N/A | 1,200 | biweekly | $100.04 |
3 | Larey, P. | MFJ | N/A | 1,090 | semimonthly | $81.42 |
4 | Wolf, M. | MFJ | N/A | 8,120 | monthly | $1306.42 |
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