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Can someone help me solve problem (b), I have done it a couple times and I'm still getting it wrong. During 20--, Rachael Parkins, president
Can someone help me solve problem (b), I have done it a couple times and I'm still getting it wrong.
During 20--, Rachael Parkins, president of Mathieson Company, was paid a semimonthly salary of $7,700. Compute the amount of FICA taxes that should be withheld from her. If an amount is zero, enter "O". OASDI a. 9th paycheck $ $ $ b. 18th paycheck 477.40 248 * 0 HI 111.65 111.65 111.65 $ $ $ c. 24th paycheck d. If Rachael Parkin's year-to-date earnings as of her 24th paycheck are $184,800, and her year-end bonus is $100,000, how much is the additional 0.9% HI tax withheld? $ 763.20 Feedback Check My Work a. Calculate OASDI and HI for employee for the paycheck, consider OASDI ceiling. b. Calculate OASDI and HI for employee for the paycheck, consider OASDI ceiling. c. Calculate OASDI and HI for employee for the paycheck, for any employee earning over the OASDI ceiling consider year-to-date earnings prior to current pay period. Multiply OASDI Taxable Wages by OASDI rate. Multiply HI taxable earnings by HI rate. d. Calculate wages paid to date, calculate taxable wages on additional Hi tax (0.9%) on current wages in excess of $200,000 ceiling
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