Example 3-2 Wallington Company has 100 employees, each earning $525.25 a week. $32.57 $3,257.00 (6.2% x $525.25) ($32.57 x 100) [6.2% x ($525.25 x 100)] $3,256.55 OASDI Amount of OASDI tax withheld from each employee's paycheck each week: Total tax withheld from the 100 employees' wages: Tax on employer: HI Amount of HI tax withheld from each employee's paycheck each week: Total tax withheld from the 100 employees' wages is: Tax on employer: $7.62 (1.45% x $525.25) ($7.62 x 100) $762.00 $761.61 [1.45% x ($525.25 x 100)] Example 3-6 1. On Friday, May 24, 20--, Rogers, Ltd., a semiweekly depositor, pays wages and accumulates employment taxes. Rogers makes a deposit on Wednesday, May 29, in the amount of $4,000. Later it was determined that Rogers was actually required to deposit $4,080 by Wednesday. Rogers has a shortfall of $80. The shortfall is less than the greater of $100 or 2 percent of the amount required to be deposited. Therefore, Rogers satisfies the safe harbor rule so long as the $80 shortfall is deposited by Wednesday, June 19. 2. On Friday, October 4, 20--, Vargan Company, a semiweekly depositor, pays wages and accumulates employment taxes. Vargan makes a deposit of $30,000 but later finds that the amount of the deposit should have been $32,000. The $2,000 shortfall ($32,000 - $30,000) exceeds the greater of $100 or 2 percent of the amount required to be deposited (2%