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Example 3-1 During 20, Rachael Parkins, president of Mathieson Company, was paid a semimonthly salary of $7,300. Compute the amount of FICA taxes that should

Example 3-1 During 20, Rachael Parkins, president of Mathieson Company, was paid a semimonthly salary of $7,300. Compute the amount of FICA taxes that should be withheld from her. If an amount is zero, enter "0". a. 9th paycheck b. 19th paycheck c. 24th paycheck d. If Rachael Parkin's year-to-date earnings as of her 24th paycheck are $175,200, and her year-end bonus is $100,000, how much is the additional 0.9% HI tax on all total earnings? F Check My Vo OASDI HI 452.6 105.85 7,347 X 1,718 X 0 2,540 X 676.80 a. Calculate OASDI and HI for employee for the paycheck, consider OASDI ceiling. b. Calculate OASDI and Ht for employee for the paycheck, for any employee earning over the OASDI ceiling consider year-to-date earnings prior to current pay period. Multiply OASDI Taxable Wages by OASDI rate. Multiply Ht taxable earnings by Ht rate. e. Once the OASDI taxable wage base has been reached, all payments made to the employee during the remainder of the year are not taxable. Multiply HE taxable earnings by H rate d. Calculate wages paid to date, calculate taxable wages on additional HI tax (0.9%) on current wages in excess of $200,000eiling

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