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Use the following tax rates, ceiling and maximum taxes: Employee and Employer OASDI: 6 . 2 0 % $ 1 4 7 , 0 0

Use the following tax rates, ceiling and maximum taxes:
Employee and Employer OASDI: 6.20%$147,000$9,114.00
Employee* and Employer HI: 1.45% No limit No maximum
Self-employed OASDI: ,12.4%$147,000$18,228.00
Self-employed HI: ,2.9% No limit No maximum
*Employee HI: Plus an additional 0.9% on wages over $200,000. Also applicable to self-employed.
Rounding Rules: Unless instructed otherwise compute hourly rate and overtime rates as follows:
2. If the third decimal place is 5 or more, round to the next higher cent.
3. If the third decimal place is less than 5, drop the third decimal place.
Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow.
OASDI HI
a. For the 50th week $ $
8 For the st ?th wEEK $ ts
C for the 52th week $ is
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