Example 3-2:
Wallington Company has 100 employees, each earning $525.25 a week.
rn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false 3 MLA Format & MLA. QuickBooks Login ... REVIVAL COFFEE CO eBook Calculator Example 3-1 Example 3-2 Wallington Company has 100 employees, each earning $32.57 (6.2% x $525.25) OASDI Amount of OASDI tax withheld from each employee's payche Total tax withheld from the 100 employees' wages: Tax on employer: $3,257.00 $3,256.55 [6.2% x ($525.25 x 100)] HI Amount of HI tax withheld from each employee's paycheck each week: Total tax withheld from the 100 employees' wages is: (1.45% x $525.25) ($7.62 x 100) (1.45% ($525.25 x 100)] Tax on employer: The biweekly taxable wages for the employees of Rite-Shop follow. Compute the FICA taxes for each employee and the employer's FICA Round all computations to the nearest cent. FICA Taxes Employee No. Employee Name Biweekly Taxable Wages OASDI 3 711 Castro, Manny $1,000.00 512 Corrales, Pat 968.00 J on A dve go S MLA Format & MLA... QuickBooks Login .. REVIVAL COFFEE CO eBook Calculator 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 Blweekly Taxable Wages OASDI Castro, Manny $1,000.00 Corrales, Pat 968.00 Guitar, Joseph 1,004.00 Moore, Connie 1,046.40 Morrison, Harry 1,200.00 Robertson, Catherine 1,044.80 111 Swarez, Joseph 1.122.00 Totals Employer's OASDI Total Taxable Wages Employer's OASDI Tax Employer's HI Tax Total Taxable Wages Employer's HI Tax rn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false 3 MLA Format & MLA. QuickBooks Login ... REVIVAL COFFEE CO eBook Calculator Example 3-1 Example 3-2 Wallington Company has 100 employees, each earning $32.57 (6.2% x $525.25) OASDI Amount of OASDI tax withheld from each employee's payche Total tax withheld from the 100 employees' wages: Tax on employer: $3,257.00 $3,256.55 [6.2% x ($525.25 x 100)] HI Amount of HI tax withheld from each employee's paycheck each week: Total tax withheld from the 100 employees' wages is: (1.45% x $525.25) ($7.62 x 100) (1.45% ($525.25 x 100)] Tax on employer: The biweekly taxable wages for the employees of Rite-Shop follow. Compute the FICA taxes for each employee and the employer's FICA Round all computations to the nearest cent. FICA Taxes Employee No. Employee Name Biweekly Taxable Wages OASDI 3 711 Castro, Manny $1,000.00 512 Corrales, Pat 968.00 J on A dve go S MLA Format & MLA... QuickBooks Login .. REVIVAL COFFEE CO eBook Calculator 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 Blweekly Taxable Wages OASDI Castro, Manny $1,000.00 Corrales, Pat 968.00 Guitar, Joseph 1,004.00 Moore, Connie 1,046.40 Morrison, Harry 1,200.00 Robertson, Catherine 1,044.80 111 Swarez, Joseph 1.122.00 Totals Employer's OASDI Total Taxable Wages Employer's OASDI Tax Employer's HI Tax Total Taxable Wages Employer's HI Tax
