ANSWERS: 1
  • The amount of federal taxes paid is based on gross wages and the number of allowances claimed on the W-4 form---the Employee's Withholding Allowance Certificate. There is no set amount of taxes withheld, but there are several ways to figure it out through the Percentage Method and the Wage Bracket Method.

    Source:

    IRS

    Wage Bracket Method

    Percentage Method

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