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3-8A LO 3 Similar to Example 3-4 year Hen- Ralph Henwood was paid a salary of $64,600 during 20-- by Odesto Company. In addition,
3-8A LO 3 Similar to Example 3-4 year Hen- Ralph Henwood was paid a salary of $64,600 during 20-- by Odesto Company. In addition, during the wood started his own business as a public accountant and reported a net business income of $60,000 on his income tax return for 20--. Compute the following: a. The amount of FICA taxes that was withheld from his earn- ings during 20-- by Odesto Company. OASDI S HI S b. Henwood's self-employment taxes on the income derived from the public accounting business for 20--. OASDI $ HI S
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