The amount of federal income taxes withheld from an employee's paycheck is determined by:
A) 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 withheld.
D) Multiplying the gross pay by 6.2%.
E) Tax rates provided by the state in which the employee works.
Correct Answer:
Verified
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