Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please eplain it so i could understand Problem Information $11.239.80 Use the following tax rates, ceiling and maximum taxes: Employee and Employer OASOL 6.209 $132.900
please eplain it so i could understand
Problem Information $11.239.80 Use the following tax rates, ceiling and maximum taxes: Employee and Employer OASOL 6.209 $132.900 Employees and Employer 1.45 No limit Self employed OASDI: 12.49 5132,900 Self employed HI 2294 No limit "Employee Ht: Plus an additional 0.9on wages over $200,000. Also applicable to self-employed No maxim $16,479,60 No mam Rounding Rules: Unless instructed otherwise compute hourly rate and overtime rates as follow 1. Carry the hourly rate and the overtime rate to 3 deomal places and the round off to 2 decimal place (round the hourly rate to deal loces before multiplayer half to determine the overtime rate). 2. If the third decimal place is 5 or more, round to the next higher cent 3. If the third decimal place is less than 5 drop the third deomal ploce. Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow During 20 Garr was paid a weekly salary of $2,650. The amount of FICA to be withheld from the following payment is found your answers to the nearest cent. If you answer is zero, enter"0". OASDI HI a. For the oth week b. For the 51st week C. For the 52nd week Check My Work 10 more Check My Work temaning Emainstructor Save and SigorGeading 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