In this second scenario, FICA Example has eamings to date of $125,000 and current earnings of $8,000. To compute the proper withholding, combine the earnings to date ($125,000) and current earnings ($8,000) and then subtract the OA5Dl cap. This is the amount of wages ($4,600) which exceed the cap. This excess is subtracted from the current eamings ($8,000-$4.600-$3,400). It is this amount ($3.400) that is subject to the OASDI tax of 6.2%. OASDI Cap Scenario 2 A portion of earnings to date and current earnings are below the wage cap and the remainder of above. Give It A Try Note: Round to the nearest cent. Matt Damon has earned to date $122,800 and has current earnings of $6,754 and has Employee: Matt Damon Earnings to Date: Current Earnings: OASDI Withholding: $122,800.00 $6,754.00