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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

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:

  1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate).
  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.

During 20--, Garr was paid a weekly salary of $2,900. The amount of FICA to be withheld from the following payments is: Round your answers to the nearest cent. If your answer is zero, enter "0".

OASDI HI
a. For the 50th week
b. For the 51st week
c. For the 52nd week

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