Hi @Nicky_v , You are correct in your assumption of percentages, however they have changed the W-4 to help taxpayers better understand what to withhold based on yearly income. I am attaching a link to a calculator that you can plug numbers into and answer questions to help you better determine what you may want to withhold.
https://turbotax.intuit.com/tax-tools/calculators/w4/
https://turbotax.intuit.com/tax-tools/
I hope these help!
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