PROBLEM SET A Note: In this chapter and in all succeeding work throughout the courve following rates, ceiling, and maximum taxes. unless instructed othervise, use the Employee and Employer OASDI Employee and Employer Hl: Self-employed OASDI Self-employed Hl: For rounding rules refer to page 2-33. "Employee Hl: Plus an additional O9% on w.grs owr S200,00. Aho applicable 'o self-empli.yed. 6.20% 1.45% 12.4% 2.9% $118,500 No limit $118,500 No limit $7,347 No inaximum $14,694 No maximum 3-1A. LO 3 simillar to Example 3-1 on pages 3-10 and 3-11 The biweekly taxable wages for the employees of Rite-Shop follow. Compute the FICA taxes the employer's FICA taxes. nd for each employee a FICA Taxes Biweekly Taxable HI Wages OASDI Employce Name Castro, Manny Corrales, Pat Guitar, Joseph Moore, Connie Morrison, Harry Robertson, Catherine Swarez, Joseph Employee No. 512 624 325 422 210 $1,000.00 968.00 1,004.00 1,046.40 1,200,00 1,044.80 1,122.00 Totals otal Taxable Wages Employer's OASD Total Taxable Wages Employer's OASDI Employer's HI' Employer's HI Tax