Federal Income Tax FIT – Percent Method – How to calculate FIT using percent method

Calculating federal income tax FIT can be confusing because it is not a flat tax but a progressive tax. There is software to help and the IRS provides table to help with the process. To use the table s we nee marital status, allowances, and pay periods. If the income it over a certain dollar… Continue reading Federal Income Tax FIT – Percent Method – How to calculate FIT using percent method