Omar, OASDI Example 1, has earnings to date of $19,880 and current wages of $621.25. To determine how much of his current earnings will be subject to OASDI, add earnings to date and current wages, $19,880 + $621.25 = $20,501.25. Does this amount exceed the OASDI cap of $132,900? No, it does not so all of Omar's current wages will be withheld on at the OASDI rate of 6.2% or $38.5175, rounded to two decimal places ($38.52).

Tackle It

Note: Round to the nearest cent.

Tiger Woods has earned to date $68,600 and has current earnings of $3,773.00.

Employee: Woods, Tiger
Earnings to Date:	$68,600.00
Current Earnings:	$3,773.00
OASDI Withholding:	$