Question
During 2016, Matti Conners, president of Maggert Company, was paid a semimonthly salary of $5,470. Compute the amount of FICA taxes that should be withheld
During 2016, Matti Conners, president of Maggert Company, was paid a semimonthly salary of $5,470. Compute the amount of FICA taxes that should be withheld from her. Round your answers to the nearest cent. If an amount is zero, enter "0".
OASDI | HI | |
a. 9th paycheck | $ | $ |
b. 22nd paycheck | $ | $ |
c. 24th paycheck | $ | $ |
d. If Matti Conners year-to-date earnings as of her 24th paycheck are $132,000 and her year-end bonus is $100,000, how much is the additional 0.9% HI tax withheld? | $ |
Eric Sherm began working as a part-time waiter on April 1, 2016, at Yardville Restaurant. The cash tips of $465 that he received during April were reported on Form 4070, which he submitted to his employer on May 2. During May, he was paid wages of $680 by the restaurant. Compute OASDI and HI; round your answers to the nearest cent.
OASDI | HI | |
a. The amount of FICA taxes that the employer should withhold from Sherm's wages during May. | $ | $ |
b. The amount of the employer's FICA taxes on Sherm's wages and tips during May. | $ | $ |
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