Step 3: Apply IRS wage bracket tax method (for a single employee, 2019 W-4)
FIT withholding:$35.00 (estimated from IRS tax tables)
Social Security:$600 × 6.2% = $37.20
Medicare:$600 × 1.45% = $8.70
Step 4: Net Pay Calculation
$550 - ($35 + $37.20 + $8.70) = $651.45
References:
IRS Publication 15-T (Federal Income Tax Withholding Tables)
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