Example 3-1

During 20--, Rachael Parkins, president of Mathieson Company, was paid a semimonthly salary of $7,000. Compute the amount of FICA taxes that should be withheld from her. If an amount is zero, enter "0".

	OASDI	HI
a. 9th paycheck	$	$
b. 20th paycheck	$	$
c. 24th paycheck	$	$
d. If Rachael Parkin's year-to-date earnings as of her 24th paycheck are $168,000, and her year-end bonus is $100,000, how much is the additional 0.9% HI tax on all total earnings?