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 (6.2% X $525.25) Total tax withheld from the 100 employees' wages: $3,257.00 ($32.57 x 100) Tax on employer: $3,256.55 (6.2% ($525.25 x 100) HI Amount of H1 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 (57.62 x 100) Tax on employer: $761.61 [1.45% ($525.25 * 100)) The biweekly taxable wages for the employees of Rite-Shop follow. Compute the FICA taxes for each employee and the employer's FICA taxes. Round all computations to the nearest cent. FICA Taxes Employee No. Employee Name OASDI HI Blweekly Taxable Wages $1,000.00 711 Castro, Manny 62 14.5 512 Corrales, Pat 968.00 60.02 14.04 624 Guitar, Joseph 1,004,00 62.25 14.56 325 Moore, Connie 1,046.40 64.85 15.17 422 Morrison, Harry 1,200.00 632.4 147.9 210 Robertson, Catherine 1,044.80 64.72 15.13 111 Swarez, Joseph 1.122.00 69.56 16.27 Totals 7,384 457.80 107.06 Employer's OASDI 7,384 457.80 Total Taxable Wages Employer's OASDI Tax Employer's HI Tax 7,384 107.06 Total Taxable Wages Employer's HI Tax