Question
Use the following tax rates and taxable wage bases: Employees' and Employer's OASDI6.2% both on $118,500; HI1.45% for employees and employers on the total wages
Use the following tax rates and taxable wage bases: Employees' and Employer's OASDI6.2% both on $118,500; 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.
During 2017, Amanda Hines, president of Dunne, Inc., was paid a semimonthly salary of $6,800. Determine the following amounts. Round your answers to the nearest cent. If your answer is zero, enter "0".
| 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 18th pay is | $ | $ |
| c. The amount of FICA taxes to withhold from her 24th pay is | $ | $ |
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Introduction To The Study Of Auditing Fundamentals Of Auditing
Authors: Jorge Hernán Almeida Blacio, César Iván Casanova Villalba, Maybelline Jaqueline Herrera Sánchez
9th Edition
6204543512, 978-6204543512
