Final answer:
Calculating Federal Income Tax withheld requires using the IRS withholding tables, considering income, allowances, and the filing status of the individual. The exact amount for Raymond Barbee cannot be determined without the current year's tax table and allowance values.
Step-by-step explanation:
To calculate Federal Income Tax (FIT) withheld for Raymond Barbee, one would typically refer to the IRS tax withholding tables for the relevant tax year, which includes information on tax rates, allowances, and filing status. The withholdings would be tied to Raymond's earnings, the number of allowances he claims, and whether he is filing jointly or singly. Without the current year's tax table and specific instructions for the number of allowances claimed, it's not possible to provide an exact number.
To determine the FIT, you must assess Raymond's earnings ($1,785 biweekly), translate that to an annual income, apply the correct withholding table, and factor in the allowances and filing status. The tables will provide the amount of tax to be withheld for each paycheck.
The general steps are: 1. Annualize the biweekly income. 2. Consult the IRS tax withholding table for the corresponding year. 3. Apply filing status, income, and allowances to calculate the withholding for each period.