Wilson Goodman, single (), has no adjustments on Form W-4 and earns $915.60 semimonthly W-4, and frequency of pay. Note: If the wage ends in a fractional dollar amount, the wage may be rounded to the nearest dollar However, in this text, exact wages are used. Step 2 Compute tax from Tax Table A, Semimonthly, Standa Withholding Rate Schedule, page T-3 Determine the withholding tax by referring to the appropriate Percentage Method (915.60 $540.00 $375.60 10 % $37.56 + $ 37.56 Withholding Table (see Figure 4.6 below). Example 4-4 To use the wage-bracket method for Manual Payroll Systems With Forms W-4 From 2020 or Later using Standard Withholding, follow the steps illustrated below. Step 1 Select the withholding table that applies to the employee's pay period Adrienne Huff is married filing jointly (MFJ)She is paid at a rate of $815 Step 2 Locate the wage bracket (the first two columns of the table) in which the employee's gross wages fall. Locate the appropriate wage bracket (see Figure 4.7): At least $815 but less tha Step 3 Follow the line for the wage bracket across to the right to the column showing the appropriate filing status with standard withholdingWithhold this amount of tax Move across the line to the column showing Married Filin Jointly, Standard withholding. The tax to withhold Use (a) the percentage method and (b) the wage-bracket method to compute the federal income taxes to withhold from the wages or salaries of each employee. Enter all amounts as positive numbers. Round your calculations and final answers to the nearest cent. As we go to press, the federal income tax rates for 2023 are being determined by budget talks in Washington, and are not available for publication. For this edition, the 2022 federal income tax tables for Manual Systems with Forms W-4 from 2020 or Later with Standard Withholding and 2022 FICA rates have been used. Click here to access the Wage-Bracket Method Tables Click here to access the Percentage Method Tables. Amount to Be Withheld No. of FilingWithholdingGross Wage or Salary Percentage Method Wage-Bracket Method Employee StatusAllowances Louis, S. N/A$1,040 weekly 5 Hanks, X. SN/A 1,910 weekly 162 Gillespie, H. MFJ N/A 1,890 biweekly159 Tromley, P. MFJN/A2,315 semimonthly Farley, R. MFJN/A3,200 monthly