- Psb 3 6 Calculate Federal Income Tax Withholding Using The Wage Bracket Method 2020 2021 Form W 4 For Each Employee Li 1 (95.59 KiB) Viewed 26 times
PSb 3-6 Calculate Federal Income Tax Withholding Using the Wage-Bracket Method (2020/2021 Form W-4) For each employee listed, use the wage-bracket method to calculate federal income tax withholding for an employee who has submitted a 2020 Form W-4. Refer to Publication 15-T. 1: Blaine Philips files as married filing jointly on his tax return and earned weekly gross pay of $385. He does not make any retirement plan contributions. Blaine checked box 2c on Form W-4 and did not enter any information in steps 3-4 of the form. Federal income tax withholding = $ 15.00 2: Chloe Fineman files as single on her tax return and earned weekly gross pay of $920. For each pay period she makes a 401(k) contribution of 6% of gross pay. Chloe entered $12000 on line 4a of Form W-4 and did not enter any information in steps 2 & 3 of the form. Federal income tax withholding = $ 71.00 X