PSa 3-7 Calculate Federal (Percentage Method), State, and...

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PSa 3-7 Calculate Federal (Percentage Method), State, and Local Income Tax Withholding For each employee listed, use the percentage method to calculate federal income tax withholding. Then calculate both the state income tax wehong mg state tax rate of 5.0% of taxable pay, with taxable pay being the same for federal and state income tax withholding), and the local income tax withing Refer Appendix A, 2018 Federal Tax Tables in your textbook. NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation Giuseppe Fortuna (single; 2 federal withholding allowances) eamed weekly gross pay of $3,836. He participates in a cafeteria plan, to which he pays $170 during the period. The city in which he works levies a tax of $12/week on employees who work within city limits. Federal income tax withholding = $ State income tax withholding = $ Local income tax withholding = $ PSa 3-7 Calculate Federal (Percentage Method), State, and Local Income Tax Withholding For each employee listed, use the percentage method to calculate federal income tax withholding. Then calculate both the state income tax wehong mg state tax rate of 5.0% of taxable pay, with taxable pay being the same for federal and state income tax withholding), and the local income tax withing Refer Appendix A, 2018 Federal Tax Tables in your textbook. NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation Giuseppe Fortuna (single; 2 federal withholding allowances) eamed weekly gross pay of $3,836. He participates in a cafeteria plan, to which he pays $170 during the period. The city in which he works levies a tax of $12/week on employees who work within city limits. Federal income tax withholding = $ State income tax withholding = $ Local income tax withholding = $

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