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An employee has a biweekly wage of 2307.69 and is paid a supplemental bonus of $60,000.00 He is married with three allowances. There is a
An employee has a biweekly wage of 2307.69 and is paid a supplemental bonus of $60,000.00 He is married with three allowances. There is a deduction of $4,000 to a retirement account. For withholding purposes, the bonus is considered a supplemental payment and is added to his gross pay, and the aggregate amount is taxed. What is his OASDI, HI, FIT, SIT, CIT, SUTA, and net pay amounts. OASDI is 6.2%,SIT - 3.07%, CIT - 3.8578%, and SUTA is .08%
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