o.T. rate $10.54 1.5-$15.81 Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow "Employee HI: plus an additional 0.9% on wages over $200,000. Also applicable to self-employed. Example 3-4 George Talbot receives wages amounting to $93,500. His net earnings from self- emp of his earnings in determining taxable self-employment income for OASDI taxes loyment amount to $28,600. Talbot must count $25,000 FICA Taxable Wage Base Wages Received Taxable Self - Employment Income $118,500 $93,500 $25,000 %) Ralph Henwood was paid a salary of $64,600 during 20- by Odesto Company. In addition, during the year Henwood started his own public accountant and reported a net business income of $60,000 on his income tax return for 20-. Compute the following a. The amount of FICA taxes that was withheld from his earnings during 20- by Odesto Company HI b. Henwood's self-employment taxes on the income derived from the public accounting business for 20-. HI 40 PM