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During 20--, Rachael Lopez, president of Mathieson Company, was paid a semimonthly salary of $8,500. Compute the amount of FICA taxes that should be withheld
During 20--, Rachael Lopez, president of Mathieson Company, was paid a semimonthly salary of $8,500. Compute the amount of FICA taxes that should be withheld from her.
Example 3-1 During 20--, Rachael Lopez, president of Mathieson Company, was paid a semimonthly salary of $8,500. Compute the amount of FICA taxes that should be withheld from her. Note: Rachael's tax return status is single. If an amount is zero, enter "0". OASDI HI a. 9th paycheck X $ X b. 17th paycheck X $ X c. 23rd paycheck $ X d. If Lopez's year-to-date earnings as of her 24th paycheck are $204,000, and her year-end bonus is $100,000, how much is the additional 0.9% HI tax on all total earnings? Feedback 0Step by Step Solution
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