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Eric Sherm began working as a part-time waiter on April 1, 20--, at Yardville Restaurant. The cash tips of $525 that he received during April
Eric Sherm began working as a part-time waiter on April 1, 20--, at Yardville Restaurant. The cash tips of $525 that he received during April were reported on Form 4070, which he submitted to his employer on May 1. During May, he was paid wages of $760 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. | $fill in the blank 1 | $fill in the blank 2 |
b. The amount of the employer's FICA taxes on Sherm's wages and tips during May. | $fill in the blank 3 | $fill in the blank 4 |
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