Example 3-1 Example 3-2 Wallington Company has 100 employees, each earning $525,25 a week. OASDI Amount of OASDI tax withheld from each employee's paycheck each week: $32.57 Total tax withheld from the 100 employees' wages: $3,257.00 (6.2% x $525.25) ($32.57x100) Tax on employer: $3,256.55 [6.2% ($525.25 x 100)] HI Amount of HI tax withheld from each employee's paycheck each week: $7.62 (1.45% x $525,25) Total tax withheld from the 100 employees' wages is: $762.00 ($7.62 x 100) Tax on employer: $761.61 [1.45% ($525.25 x 100)] Empty Fields Company pays its salaried employees monthly on the last day of each month. The annual salary payroll for 20-- follows. Compute the following for the payroll of December 31; round your answers to the nearest cent. OASDI Taxable Employee Annual Salary HI Taxable OASDI Tax Wages HI Tax Utley, Genna $18,000 15,000 X 930 X Wages 15,000 X 217.50 X Werth, Norm 49,200 41,000 X 2,542 X 41,000 X 594.5 X Bass, John 28,800 24,000 X 1,488 X 24,000 X 348 X Ruiz, Sam 144,800 120,666.67 X 7,481.33 X 120,666.67 X 1,749.67 X Compton, Sue 20,400 17,000 X 1,054 X 17,000 X 246.50 X Williams, Mary 22,800 19,000 x 1,178 X 19,000 X 275.5 X Patel, Raymond 102,000 85,000 X 5,270 X 85,000 X 1,232.5 X Carson Abe 56.400. 47.000 X 2.914 X 47.000 681.5 X wages THE THA ubey, Genna $18,000 15,000 X 930 X 15,000 x Werth, Norm 49,200 41,000 X 2,542 X 41,000 X 217.50 X 594.5 X Bass, John 28,800 24,000 X 1,488 X 24,000 x Ruiz, Sam 144,800 120,666.67 x 7,481.33 X 120,666.67 x 348 X 1,749.67 X Compton, Sue 20,400 17,000 x 1,054 X 17,000 X 246.50 X Williams, Mary 22,800 19,000 X 1,178 X 19,000 X 275.5 X Patel, Raymond 102,000 85,000 X 5,270 X 85,000 X 1,232.5 X Carson, Abe 56,400 47,000 X 2,914 X 47,000 X 681.5 X Livinsky, Sarah 34,800 29,000 X 1,798 X 29,000 X 420.5 X Harper, Mark 48,000 Totals 40,000 X 437,667.68 x 2,480 X 27,131.33 X 40,000 x 580 X 437,666.67 x 6,070.67 X Employer's OASDI Tax 1,682.14 X Employer's HI Tax 528.85 X Feedback Check My Work Calculate OASDI Taxable Wages; for any employee earning over the OASDI ceiling consider year-to-date earnings prior to current pay period. Multiply OASDI taxable wages for current pay period by the OASDI rate. Multiply HI taxable earnings by HI rate. For employer's OASDI Tax, multiply total of OASDI Taxable Wages column by OASDI rate; for employer's HI Tax, multiply total of HI Taxable Wages column by HI rate