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Use the Percentage Method of Withholding to Find the Federal

Question 11

Multiple Choice

Use the percentage method of withholding to find the federal withholding tax, a 6.2% FICA rate to find the FICA tax, and
1.45% to find the Medicare tax. Then find the net pay for the employee. Assume that the employee has not earned over
$115,000 so far this year. Use the percentage method of withholding to find the federal withholding tax, a 6.2% FICA rate to find the FICA tax, and 1.45% to find the Medicare tax. Then find the net pay for the employee. Assume that the employee has not earned over $115,000 so far this year.     -Erika Du Mesnil has gross earnings of $7914.27 semimonthly. She is married and has 4 withholding allowances. A) $7,308.83 B) $6,479.34 C) $5,873.90 D) $8,743.76 Use the percentage method of withholding to find the federal withholding tax, a 6.2% FICA rate to find the FICA tax, and 1.45% to find the Medicare tax. Then find the net pay for the employee. Assume that the employee has not earned over $115,000 so far this year.     -Erika Du Mesnil has gross earnings of $7914.27 semimonthly. She is married and has 4 withholding allowances. A) $7,308.83 B) $6,479.34 C) $5,873.90 D) $8,743.76
-Erika Du Mesnil has gross earnings of $7914.27 semimonthly. She is married and has 4 withholding allowances.


A) $7,308.83
B) $6,479.34
C) $5,873.90
D) $8,743.76

Correct Answer:

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