Question
During 20--, Rachael Lopez, president of Mathieson Company, was paid a semimonthly salary of $7,400. Compute the amount of FICA taxes that should be withheld
During 20--, Rachael Lopez, president of Mathieson Company, was paid a semimonthly salary of $7,400. Compute the amount of FICA taxes that should be withheld from her. If an amount is zero, enter "0".
| OASDI | HI | |
| a. 9th paycheck | $fill in the blank 1 | $fill in the blank 2 |
| b. 20th paycheck | $fill in the blank 3 | $fill in the blank 4 |
| c. 23rd paycheck | $fill in the blank 5 | $fill in the blank 6 |
| d. If Lopez's year-to-date earnings as of her 24th paycheck are $177,600, and her year-end bonus is $100,000, how much is the additional 0.9% HI tax on all total earnings? |
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Auditing and Accounting Cases Investigating Issues of Fraud and Professional Ethics
Authors: Jay Thibodeau, Deborah Freier
4th edition
78025567, 978-0078025563
