3-5-3

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.

Tackle It

Note: Round to the nearest cent.

Serena Williams has earned to date $191,000 and has current earnings of $14,325.

Employee: Williams, Serena
Earnings to Date:	$191,000.00
Current Earnings:	$14,325.00
OASDI Withholding:	$