5. an employee is paid a salary of $11,725 per month. if the current fica rate is 6.2% on the first $115,000 of earnings, how much should be withheld for fica tax during the month of april? $170.01 $726.95 $896.96 $145.39 6. find the federal withholding tax using the wage bracket method for each of the following employee. 1 withholding allowance single $523.50 weekly earnings $43 $44 $53 $55 7. find the federal withholding tax using the wage bracket method for each of the following employee. 2 withholding allowances married $2,513.45 monthly earnings $54 $96 $62 $58

The answers are: #3) 1483.42; #4) 742.50; #5) 726.95.

Explanation:
#3) Semimonthly means two times per months. 2 times per month * 12 months = 24 paychecks per year. Divide 35602/24 to find the answer; this is 1438.42 per paycheck.

#4) Since she makes 66 dolls, she gets paid $11.25 per doll; 11.25(66) = 742.50.

#5) By April the employee is still under the $115000, so it is still a rate of 6.2%; 6.2%=6.2/100 = 0.062; 0.062(11725) = 726.95.

The employee should pay $726.95 for tax. Since his income this month, $11,725, is within $115,000 stipulated by FICA, the 6.2% tax rate applies to all of his income. Therefore, he should pay 11725*6.2%=726.95 dollars.