1. Omar, OASDI Example 1, has earnings to date of $19,880 and current wages of $621.25. To determine how much of his current earnings will be subject to OASDI, add earnings to date and current wages, $19,880 + $621.25 = $20,501.25. Does this amount exceed the OASDI cap of $132,900? No, it does not so all of Omar's current wages will be withheld on at the OASDI rate of 6.2% or $38.5175, rounded to two decimal places ($38.52).

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Note: Round to the nearest cent.

Tiger Woods has earned to date $60,400 and has current earnings of $3,322.00.

Employee: Woods, Tiger
Earnings to Date:	$60,400.00
Current Earnings:	$3,322.00
OASDI Withholding:	$

2.Sydney, OASDI Example 2, has earnings to date of $131,500 and current wages of $4,000. To determine how much of her current earnings will be subject to OASDI, add earnings to date and current wages, $131,500 + $4,000 = $135,500. Then subtract from this the OASDI cap, $135,500 - $132,900 = $2,600. This is amount that exceeds the OASDI cap and is not subject to tax. What should be taxed?

Begin with current wages and subtract the excess amount, $4,000 - $2,600 = $1,400. This amount will be withheld on at the OASDI rate of 6.2% or $86.80.

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Note: Round to the nearest cent.

Michael Jordan has earned to date $130,200 and has current earnings of $7,161.

Employee: Jordan, Michael
Earnings to Date:	$130,200.00
Current Earnings:	$7,161.00
OASDI Withholding:	$

Medal Points

In this scenario, did gross earnings partially exceeded the OASDI cap?

3.Sallie, OASDI Example 3, has earnings to date of $157,000 and current wages of $6,500. To determine how much of his current earnings will be subject to OASDI, add earnings to date and current wages, $157,000 + $6,500 = $163,500. Does this amount exceed the OASDI cap of $132,900? Yes, it does. You can stop as none of her current earnings and earnings for the remainder of the year will not be subject to OASDI tax.

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Note: Round to the nearest cent.

Serena Williams has earned to date $193,000 and has current earnings of $14,475.

Employee: Williams, Serena
Earnings to Date:	$193,000.00
Current Earnings:	$14,475.00
OASDI Withholding:	$