Calculate income tax withholding using wage-bracket method

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Reference no: EM132690022

Michael Daugherty (married; 5 federal withholding allowances) earned weekly gross pay of $850. For each period, he makes a 403(b) retirement plan contribution of 13% of gross pay.

Question 1: Using wage-bracket method: Federal income tax withholding = $

Question 2: Using percentage method: Federal income tax withholding = $

Reference no: EM132690022

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