Example 3-5 George Talbot receives wages amounting to $106,700. His net earnings from self-employment amount to $28,600. Talbot must count $26,200 of his earnings in determining taxable self-employment income for OASDI taxes. OASDI Taxable Wage Base OASDI Taxable Self-Employment Income Wages Received $106,700 $132,900 $26,200 Ralph Henwood was paid a salary of $79,600 during 20-- by Odesto Company. In addition, during the year Henwood started his own business as a public accountant and reported a net business income of $66,000 on his income tax return for 20--. Compute the following: a. The amount of FICA taxes that was withheld from his earnings during 20-- by Odesto Company. OASDI HI b. Henwood's self-employment taxes on the income derived from the public accounting business for 20--. OASDI HI Check My Work 2 more Check My Work uses remaining Previous Next All work saved. Save and Exit Submit Assignment for Grading