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.
-Karen Smith has gross earnings of $7512.15 monthly. She is single and has 6 withholding allowances.
A)$7,964.90
B)$6,484.72
C)$6,937.47
D)$5,910.04

Question

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. 
-Karen Smith has gross earnings of $7512.15 monthly. She is single and has 6 withholding allowances.
A)$7,964.90 
B)$6,484.72 
C)$6,937.47 
D)$5,910.04

Quizplus · Accepted Answer

The Answer of 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. 
-Karen Smith has gross earnings of $7512.15 monthly. She is single and has 6 withholding allowances.
A)$7,964.90 
B)$6,484.72 
C)$6,937.47 
D)$5,910.04

Use the Percentage Method of Withholding to Find the Federal