Use the following tax rates, ceiling and maximum taxes find the OASDI tax & HI Tax

Problem Information Use the following tax rates, ceiling and maximum taxes: Employee and Employer OASDI: $128,400 $7,960.80 6.20% 1.45% No limit No maximum Employee* and Employer HI: Self-employed OASDI: Self-employed HI: 12.4% $128,400 $15,921.60 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. On the last weekly pay of the first quarter, Lorenz is paid her current pay of $90 per day for four days worked and one day sick pay (total $450). She is also paid her first-quarter commission of $1,200 in this pay. How much will be deducted for: Round your answers to the nearest cent. a. OASDI tax b. HI tax