Using the Percentage Method to calculate federal withholding
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YouTubeSharon O'Reilly
Using the Percentage Method to calculate federal withholding
This 6 minute video uses the text's Practice Set B problem 3-4 (1st scenario) from Payroll Accounting, 3rd edition, by Weinstein, to explain how to calculate federal tax withholding using the percentage method. In this example, the employee has a deduction which reduces the taxable pay.
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