Do ALL earnings-to-date exceed the OASDI cap of $147,000? The answer is yes and no. In this scenario, earnings-to-date does not exceed the OASDI cap. BUT, adding current wages to earnings-to-date reveals that the amount does exceed the OASDI cap. To determine how much of current wages is taxable, do the following. Starting with the OASDI cap ($147,000), subtract the combined earnings-to-date plus the current wages ($148,500). The result is $1,500. This represents the portion that exceeds the OASDI cap. Then, beginning with current wages, subtract the amount that exceeds the cap ($1,500). The result ($2,500) is the portion of current earnings still subject to tax. It is the amount of current wages that brings earnings year-to-dateElliott Quinn has earnings-to-date of $140,000 and current wages of $9,380.35.

Employee: Quinn, Elliott
Earnings-to-Date:	$140,000.00
Current Earnings:	$9,380.35
Current OASDI Withholding:	$fill in the blank a5ebc500104afaf_1

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