Calculate Federal Income Tax Withholding Using the Percentage Method (2020/2021 Form W-4) Michaela Sampson files...
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Calculate Federal Income Tax Withholding Using the Percentage Method (2020/2021 Form W-4)
Michaela Sampson files as married filing jointly on her tax return and earned weekly gross pay of $1610. For each pay period she makes a 401(k) contribution of 4% of gross pay. Michaela checked box 2c on Form W-4, entered $2000 in step 3 of the form, and did not enter any information in step 4 of the form. Federal income tax withholding = ___ Tentative Federal Income Tax Withholding = ___
Please write down every single step so that I can understand where every number is coming from.
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