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Bode has cumulative earnings of $61,200. His current earnings are $3,366.00. Bode's 2020 OASDI withholding is: $ And his 2020 HI withholding is: $ Dale's

  1. Bode has cumulative earnings of $61,200. His current earnings are $3,366.00.

    Bode's 2020 OASDI withholding is: $ And his 2020 HI withholding is: $

  2. Dale's current earnings total a gross amount of $7,095.00. Year to date he has earnings of $129,000.

    Dale's 2020 OASDI withholding is: $ And his 2020 HI withholding is: $

    1. Medal Points Did Dale's gross earnings partially exceeded the OASDI cap?

      YesNo

  3. Brandi's current earnings total a gross amount of $10,835. Year to date earnings are $197,000.

    Brandi's 2020 OASDI withholding is: $ And her 2020 total HI withholding is: $f

Compute the total annual tax for the following individuals.

Note: Round each to the nearest cent.

  1. Alex has self-employment earnings of $57,400.

    Alex's 2020 total self-employment taxes are: $

  2. Hope has self-employment earnings of $138,400.

    Hope's 2020 total self-employment taxes are: $

  3. Michelle has self-employment earnings of $222,000.

    Michelle's 2020 total self-employment taxes are: $

Compute the following for John, who is both an employee and self-employed.

Note: Round the answer to the nearest cent.

John was employed by the NFL, earning for the year $122,000. In addition, during his free time, he shoveled snow in the neighborhood, earning $35,500 for the year.

John's 2020 total FICA and SECA taxes for the year is: $

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