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Henry, who earned $116,520 during 2019, is paid on a monthly basis, is married, and...

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Question

Accounting

Henry, who earned $116,520 during 2019, is paid on a monthly basis, is married, and claims four allowances. Assume that his employer uses the percentage method of withholding. Use withholding allowance and percentage method tables.

Required:

  1. What is Henrys federal tax withholding for each pay period?
  2. What is Henrys FICA withholding for each pay period?

(For all requirements, round your intermediate computations and final answers to 2 decimal places.)

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