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 toPublication 15-T.1: Blaine Philips files as married fing jointly on his tax return and eamed weekly gross pay of $385 He does not make any retirement plan contributions. Blaine checkedbox 20 on Fomm W-4 and did not enter any information in steps 3-4 of the form.Federal ncome tax witholding $_2 Chloe Fineman files as single on her tax returm and earmed weekly gross pay of $920. For each pay period she makes a 401(K) contribution of 8% of gross pay, Chioeentered $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 S3: Mana Moore fes as mared filing jointly on her tax return and eamed weekly gross pay of $790. For each pay period she makes a fexible spending accountcontribution of 35% of gross pay. Maria checked box 2c on Form W-4, entered $500 in step 3 of the form, and did not enter any information in step 4 of the form.Federal income tax withholding$Tentative Federal Income Tax Wahholding = $

The table used for calculation is as follows:

Answered: 1 Blaine Philips files as married fing…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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1 Blaine Philips files as married fing jointly on his tax return and earned weekly gross pay of $385 He does not make any retrement plan contnbutions. Blaine checked box 20 on Fom W-4 and did not enter any information in steps 3-4 of the form Federal income tax withholding S