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Hello, I am having trouble understanding how to calculate the wages paid to date for this problem. Please explain how it is calculated. There is

Hello, I am having trouble understanding how to calculate the wages paid to date for this problem. Please explain how it is calculated. There is no specific year mentioned in this problem. The tax rate for OASDI is 6.2% and the HI rate is 1.45% image text in transcribed

Example 3-1 During 20--, Rachael Parkins, president of Mathieson Company, was paid a semimonthly salary of $8,500. Compute the amount of FICA taxes that should be withheld from her. Note: Rachael's tax return status is single. If an amount is zero, enter "0". OASDI HI a. 9th paycheck 527 123.25 b. 17th paycheck $ $ c. 23rd paycheck d. If Rachael Parkin's year-to-date earnings as of her 24th paycheck are $204,000, and her year-end bonus is $100,000, how much is the additional 0.9% HI tax on all total earnings? Feedback Check My Work a. Calculate OASDI and HI for employee for the paycheck, consider OASDI ceiling. b. Calculate OASDI and HI for employee for the paycheck, for any employee earning over the OASDI ceiling consider year-to-date earnings prior to current pay period. Multiply OASDI Taxable Wages by OASDI rate. Multiply HI taxable earnings by HI rate. c. Once the OASDI taxable wage base has been reached, all payments made to the employee during the remainder of the year are not taxable. Multiply HI taxable earnings by HI rate. d. Calculate wages paid to date, calculate taxable wages on additional HI tax (0.9%) on current wages in excess of $200,000 ceiling

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