Example 3-5 George Talbot receives wages amounting to $111,500. His not 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 $64,600 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 $80,000 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 QASDI H11 b. Henwood's self-employment taxes on the income derived from the public accounting business for 20- DASDI HI