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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: $$
Employee and Employer HI: No limit No maximum
Selfemployed OASDI: $$
Selfemployed HI: No limit No maximum
Employee HI: Plus an additional on wages over $ Also applicable to selfemployed.
Rounding Rules: Unless instructed otherwise compute hourly rate and overtime rates as follows:
If the third decimal place is or more, round to the next higher cent.
If the third decimal place is less than drop the third decimal place.
Also, use the minimum hourly wage of $ in solving these problems and all that follow.
OASDI HI
a For the th week $ $
For the st wEEK $ ts
for the week $ is
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