Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Section B DIRECTIONS: Complete Problems 1 and 2 by recording your answers in the spaces provided. Use the following tax rates and taxable wage bases:

Section BDIRECTIONS: Complete Problems 1 and 2 by recording your answers in the spaces provided. Use the following tax rates and taxable wage bases:

Employees and Employers OASDI6.2% both on $132,900; HI1.45% for employees and employers on the total wages paid. Employees Supplemental HI of 0.9% on wages in excess of $200,000 was not applicable in these problems.

  1. During 20--, Amanda Hines, president of Dunne, Inc., was paid a semimonthly salary of $7,100. Determine the following amounts. OASDI HI

(a) The amount of FICA taxes to withhold from her 9th pay is......................................................................................... $................................... $

(b) The amount of FICA taxes to withhold from her 19th pay is....................................................................................... $.....................................$

(c) The amount of FICA taxes to withhold from her 24th pay is....................................................................................... $......................................$

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Financial & Managerial Accounting, The Managerial Chapters

Authors: Tracie Miller Nobles, Brenda Mattison

7th Edition

0136503616, 9780136503613

More Books

Students also viewed these Accounting questions