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This presentation demonstrates how to calculate federal income tax using the percentage method. The focus is on Pam, who has a weekly salary of $3,653 and is married with allowances. The tutorial explains that the federal income tax wages may differ from total earnings due to deductions like cafeteria plans or retirement plans. To calculate the tax, it is important to determine the FI t wages by subtracting eligible deductions. For more accounting information and courses, visit the website accounting instruction dot info.