What is the federal income tax withholding


Problem: Stephen McPherson (married; 5 federal withholding allowances) earned weekly gross pay of $980. He participates in a flexible spending account, to which he contributed $75 during the period. The city in which he lives and works levies a tax of 2.3% of an employee's taxable pay (which is the same for federal and local income tax withholding) on residents and 1.6% of an employee's taxable pay on nonresidents. Federal income tax withholding = $ State income tax withholding = $ Local income tax withholding = $

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Accounting Basics: What is the federal income tax withholding
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