Comprehensive and Detailed In-Depth Explanation:

Gross pay per period: $130,000 ÷ 26 = $5,000.00

401(k) deferral: 10% of $5,000 = $500

Taxable wages= $5,000 - $500 = $4,500

Now using the2019 IRS Percentage Method for Married with 3 allowances:

Each allowance = approx. $159.60 per pay period → 3 × $159.60 = $478.80

$4,500 − $478.80 = $4,021.20 (taxable income for FIT)

Apply IRS tax table (based on 2019 tables; simplified example):

Let’s say the FIT withheld = $482.52 (approximate for this band)

Then add:

FICA: SS ($5,000 × 6.2%) = $310.00

Medicare ($5,000 × 1.45%) = $72.50

Deductions:

$500 (401k)

$482.52 (FITW)

$310.00 + $72.50 = $382.50 (FICA total)

Total deductions≈ $1,365.02

Net pay= $5,000 − $1,365.02 =$3,734.98→ Closest match:B. $3,729.98