Example 3-5 George Talbot receives wages amounting to $111,500. 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 Wages Received = OASDI Taxable Self-Employment Income $137,700 $111,500 $26,200 Ralph Henwood was paid a salary of $84,600 during 20-- by Odesto Company. In addition, during the year Henwood started his own business as a puble accountant and reported a net business income of $66,500 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 HE Check My Workmore Check My Work Utes remaining Previous Next > All work saved Emal instructor Save and Exit Submit Assignment for Grading