Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Part II Calculation Problems: Note: For the following problems use the following rates, ceiling, and maximum taxes. Please show your work. 6. Crow earned $585.15
Part II Calculation Problems: Note: For the following problems use the following rates, ceiling, and maximum taxes. Please show your work. 6. Crow earned $585.15 during the week ended March 1,20. Prior to payday, Crow had cumulative gross earnings of $4,733.20. What is the amount of OASDI taxes to withhold from Crow's pay? What is the amount of HI taxes to withhold from Crow's pay? 7. Dee is paid $2,345 on November 8,20. Dee had cumulative gross earnings, including overtime pay, of $141,500 prior to this pay. What is the amount of OASDI taxes to withhold from Dee's pay? What is the amount of HI taxes to withhold from Dee's pay? 8. Beginning with the first pay of the year, Carson will make $2,900 each week. In which numbered pay of the year will Carson hit the OASDI taxable limit? 9. Eager, a tipped employee, reported to his employer that he had received $320 in tips during March. On the next payday, April 5 , he was paid his regular salary of $400. What was the amount of OASDI taxes that were withheld from his pay? What was the amount of HI taxes withheld from his pay? 10. In this pay, Moss Company deducted OASDI taxes of $5,276.24 and HI taxes of $1,233.95 from the $85,100.90 of taxable wages paid. What is Moss Company's portion of the social security taxes for OASDI and HI
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started