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DAmite Still under the OASDI limit, the calculation would be: ule Het BOnus payment 3 g to equal $4,000. Is $4,000 A. 1-0.25 (supplemental W/h
DAmite Still under the OASDI limit, the calculation would be: ule Het BOnus payment 3 g to equal $4,000. Is $4,000 A. 1-0.25 (supplemental W/h rate)-0.062 (OASDI)-0.0145 (HI) $4,000 8.-$5,939.12 grossed-up bonus 0.6735 Gross bonus amount Federal Income Tax withheld OASDI tax withheld C. $5,939.13 1,484.78 368.23 86.12 $4,000.00 HI tax withheld Take-home bonus check If state or local taxes apply, they must also be included in the formula. *Need to add $0.01 to $5,939.12 in order to arnve at $4,000.0o (due to rounding) Harrington Company is giving each of its employees a holiday bonus of $250 on December 14 (a nonpayday)- The company wants each employee's net check to be $250. The supplemental tax percent is used. Nobody has capped for OASDI prior to the bonus check a what will be the gross amount of each bonus i each employee pays a state income tax of 3.01% besides the other payroll taxes)? You may need to add one penny to re gross so that net bonus exa try equals S25.00 b. What would the net amount of each bonus check be if the company did not gross- up the bonus? Round your intermediary calculations to the nearest cent. search ndownicetmyinbo New Testosterone Booster Ta Click to find out more Check My Work Email inst
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