Use the percentage method to compute the federal income taxes to withhold from the wages or salaries of each employee. If an amount is zero, enter "0". If required, round your calculations and final answers to the nearest cent. As we go to press, the federal income tax rates for 2021 are being determined by budget talks in Washington and not available for publication. For this edition, the 2020 federal income tax tables for Manual Systems with Forms W-4 from 2020 or later with Standard Withholding and 2020 FICA rates have been used. Click here to access the Percentage Method Tables. Employee Employee No. Name 1 James, A. Filing Status MF) No. of Withholding Allowances N/A Gross Wage or Salary $1,610 weekly Amount to Be Withheld 2 Lake, R. S N/A 825 biweekly X X 3 Walls, S. MF) N/A 925 semimonthly 4 Free, Y. MF) N/A 2,875 monthly X