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Example 3-1 During 2016, Rachael Parkins, president of Mathieson Company, was paid a semimonthly salary of $7,200. Compute the amount of FICA taxes that should
Example 3-1
During 2016, Rachael Parkins, president of Mathieson Company, was paid a semimonthly salary of $7,200. 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. 17th paycheck | $ | $ |
c. 24th paycheck | $ | $ |
d. If Rachael Parkins 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 withheld? | $ |
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