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Example 3-1 Ken Gorman Is a maitre d' at Carmel Dinner Club On February 1, 20-- his gross pay was $860 (three days working, one

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Example 3-1 Ken Gorman Is a maitre d' at Carmel Dinner Club On February 1, 20-- his gross pay was $860 (three days working, one paid vacation day, and one paid sick day). He also reported to his employer tips of $1,200 for the previous month (applicable taxes to be deducted out of this pay). Gorman belongs to the company's 401(k) plan and has 5% of his gross pay (5860) deducted each week (salary reduction). Carmel Dinner Club also provides a matching contribution (543) Into the plan for Gorman Compute the following amounts: a. Deduction for OASDI tax b. Deduction for HI tax X Poetbaa Check My Won a. Calculate OASI on total wages and tips (Note: 401K contribution is taxable for OASDI), Use appropriate rate for employee's OASDI b. Calculate Hi on total wages and tips (Note: 401K contribution is taxable for HI). Use appropriate rate for employee's H

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