Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Ernie Gilmore began working as a part-time waiter on June 1, 20--, at Sporthouse Restaurant. The cash tips of $410 that he received during June
Ernie Gilmore began working as a part-time waiter on June 1, 20--, at Sporthouse Restaurant. The cash tips of $410 that he received during June were reported on Form 4070, which he submitted to his employer on July 3. During July, he was paid wages of $610 by the restaurant. Compute the following amounts. Round your answers to the nearest cent.
Example 3-1 Ernie Gilmore began working as a part-time waiter on June 1, 20--, at Sporthouse Restaurant. The cash tips of $410 that he received during June were reported on Form 4070, which he submitted to his employer on July 3. During July, he was paid wages of $610 by the restaurant. Compute the following amounts. Round your answers to the nearest cent. OASDI HI a. The amount of FICA taxes that the employer should withhold from Gilmore's wages during July. X $ X b. The amount of the employer's FICA taxes on Gilmore's wages and tips during July. X X Feedback Check My Work a. Calculate OASDI and HI on total wages plus tips using appropriate rates for employee. b. Calculate OASDI and HI on total wages plus tips using appropriate rates for employerStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started