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Similar to Example 3-1 on pages 3-10 and 3-11 3-2A LO 3 During 2016, Rachael Parkins, president of Mathieson Company, was paid a semimonthly salary
Similar to Example 3-1 on pages 3-10 and 3-11 3-2A LO 3 During 2016, Rachael Parkins, president of Mathieson Company, was paid a semimonthly salary of $7,000. Compute the amount of FICA taxes that should be withheld from her: HI OASDI a. 9th paycheck b. 17th paycheck c. 24th paycheck d. If Rachael Parkin's year-to-date earnings as of her 24th paycheck are $168,000, and her year-end bonus is $100,0o0, how much is the additional 0.9% HI tax withheld? 3-35 FA
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