1. BillTaylor works at a factory making an annual salary of $90,000. On the side, he owns his own excavating business where his net earnings from self-employment are $50,000 for the year. Calculate the following for Luke, for his self-employment earnings only (6 points):

1. Amount of OASDI (Social Security): __________ (3 points)

2. Amount of HI (Medicare) taxes: _____________ (3 points)