Question
Please look at Sam Ruiz. I come up with $8500 OASDI taxable wages and $527 OASDI taxes. Total Taxable wages of $41000 and OASDI taxes
Please look at Sam Ruiz. I come up with $8500 OASDI taxable wages and $527 OASDI taxes. Total Taxable wages of $41000 and OASDI taxes $2542. This seems to be pretty basic math to me but it keeps marking my answer as wrong. What am I doing wrong?
Empty Fields Company pays its salaried employees monthly on the last day of each month. The annual salary payroll for 20-- follows. Compute the following for the payroll of December 31:
If required, round your answers to nearest cent and use the rounded answers in subsequent computations. Round your final answers to the nearest cent.
| Employee | Annual Salary | OASDI Taxable Wages | OASDI Tax | HI Tax |
| Utley, Genna | $21600 | $ | $ | $ |
| Werth, Norm | 51600 | |||
| Bass, John | 28800 | |||
| Ruiz, Sam | 120000 | |||
| Compton, Sue | 21600 | |||
| Williams, Mary | 19200 | |||
| Patel, Raymond | 104400 | |||
| Carson, Abe | 57600 | |||
| Livinsky, Sarah | 37200 | |||
| Harper, Mark | 48000 | |||
| Totals | $ | $ | $ |
| Employer's OASDI Tax | $ |
| Employer's HI Tax | $ |
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Managerial Accounting A Focus on Ethical Decision Making
Authors: Steve Jackson, Roby Sawyers, Greg Jenkins
5th edition
978-0324663853
