Question
For the current pay period, compute the following for the employees. Note: Round each to the nearest cent and if an amount is zero, enter
For the current pay period, compute the following for the employees.
Note: Round each to the nearest cent and if an amount is zero, enter "0".
- Bode has cumulative earnings of $59,400. His current earnings are $3,267.00.
Bode's 2020 OASDI withholding is: =$ And his 2020 HI withholding is: =$
- Dale's current earnings total a gross amount of $7,106.00. Year to date he has earnings of $129,200.
Dale's 2020 OASDI withholding is: =$ And his 2020 HI withholding is: =$ a. Medal Points Did Dale's gross earnings partially exceeded the OASDI cap?
- Brandi's current earnings total a gross amount of $10,835. Year to date earnings are $197,000.
Brandi's 2020 OASDI withholding is: =$ And her 2020 total HI withholding is: =$
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Compute the total annual tax for the following individuals.
Note: Round each to the nearest cent.
- Alex has self-employment earnings of $58,800.
Alex's 2020 total self-employment taxes are: =$
- Hope has self-employment earnings of $139,400.
Hope's 2020 total self-employment taxes are: =$
- Michelle has self-employment earnings of $232,000.
Michelle's 2020 total self-employment taxes are: =$
Compute the following for Scottie, who is both an employee and self-employed.
Note: Round the answer to the nearest cent.
Scottie was employed by the NBA, earning for the year $120,000. In addition, during his free time, he sold Chicago-style pizza, earning $39,500 for the year.
Scottie's 2020 total FICA and SECA taxes for the year is: =$
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