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MAN 4330-6 Compensation Management = Homework: Ch 10 Crunch the Numbers Exercise 1 Calculating FICA Taxes Question 1, CTN 10.1 Part 2 of 3
MAN 4330-6 Compensation Management = Homework: Ch 10 Crunch the Numbers Exercise 1 Calculating FICA Taxes Question 1, CTN 10.1 Part 2 of 3 In this chapter, we learned that FICA mandates that employers deduct taxes from employees' pay each pay period to fund the OASDI and Medicare programs. Calculate the tax amounts for the following individuals: Employee Ana Roberto Maria Jim Annual Salary Paid Monthly $260,000 $100,000 $130,000 $60,000 Employer Self Johnson Manufacturing Johnson Manufacturing Self For OASDI each monthly pay period, the employer and employee pay in total for: (Round your answers to the nearest hundredths place.) (a) Ana is $1,326.80 (b) Roberto is $ 1,033.34 (c) Maria $ 1,343.34 (d) Jim $ 620.00 For Medicare each monthly pay period, the employer and employee pay in total for: (Round your answers to the nearest hundredths place.) (a) Ana is $ 628.33 (b) Roberto is $ 241.66 (c) Maria is $ 314.16 (d) Jim is $ 145.00 (Remember that for self-employment, the individual and the employer are one and the same.) For OASDI each monthly pay period, the employer pay in total for: (Round your answers to the nearest hundredths place.) (a) Ana is $ (b) Roberto is $ (c) Maria is $ (d) Jim is $ Ask my instructor HW Score: 0%, 0 of 1 point > Points: 0 of 1 Ana Rodriguez 07/15/22 7:49 PM Save Clear all Final check
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