The amount of federal income taxes withheld from an employee's paycheck is determined by:
A) The amount of the employee's current earnings for the pay period and number of withholding allowances the employee claims.
B) The employer's merit rating.
C) The amount of social security taxes.
D) Multiplying the gross pay by 6.2%.
E) All of the choices are correct.
Correct Answer:
Verified
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