 In this presentation, we will calculate the federal income tax FIT using tax tables. This is going to be our example set of data. We're looking at the payroll register focusing in mainly on Bill Smith. Bill Smith, who is an employee, worked 40 hours at 17 rate for a regular pay of 680, 3 hours overtime, overtime rate 2550 for overtime pay, 7650, total earnings then 75650. We're focusing here on the calculation of FIT federal income tax. Remember, that's not our federal income tax as the employers, but the employee's federal income tax, which is reported on the employee's 1040 at the end of the year. However, is something that we need to calculate throughout the year, take out of their paycheck as the employer in accordance to comply with the law. So that's what we're doing here. We're going to remove federal income tax in an