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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
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: Total tax withheld from the 100 employees' wages: ' Tax on employer: $32.57 $3,257.00 (6.2% * $525.25) ($32.57 x 100) [6.2% x ($525.25 x 100) $3,256 55 HI $7.62 Amount of HI tax withheld from each employee's paycheck each week: Tatal tax withheld from the 100 employees' wages is: $762.00 $761.61 (1.45% x $525.25) ($7.62 x 100) [1.45% x ($525.25 X 100) Tax on employer: Empty Fields Company pays its salaried employees monthly on the last day of each month. The annual salary payroll far 20-- follows. Compute the following for the payroll of December 31; round your answers to the nearest cent. Employee Annual Salary OASDI Taxable Wages OASDI Tax HI Taxable Wages HI Tax Utley, Genna $21,600 51 Werth, Norm 52,800 Bass, John 18,000 Ruiz, Sam 138,700 Compton, Sue 20,400 Williams, Mary 16,800 Patel, Raymond 104,400 Carson, Abe 54,000 Livinsky, Sarah 33,600 Harper, Mark 48,000 Tatals Employer's OASDI Tax NI Employer's HI Tax
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