BA 177- Payroll Accounting 1: Barbara Houlihan (single; 1 federal withholding allowance) earned daily gross pay...

BA 177- Payroll Accounting 1: Barbara Houlihan (single; 1 federal withholding allowance) earned daily gross pay of $320. For each period, she makes a 401(k) contribution of 12% of gross pay.

Using the wage-bracket method: Federal income tax withholding = $
Using percentage method: Federal income tax withholding = $

BA 177- Payroll Accounting 2: Marcus Xavier (married; 5 federal withholding allowances) earned monthly gross pay of $3,650. He participates in a flexible spending account, to which he contributes $200 during the period.

Using the wage-bracket method: Federal income tax withholding = $
Using percentage method: Federal income tax withholding = $

Expert Solution

ekkarill92 answered 2 years ago

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