Question
Use these tax rates and taxable wage: OASDI- 6.2% on the first $132,900: HI - 1.45% on all taxable wages. In this payroll, Adams company
Use these tax rates and taxable wage: OASDI- 6.2% on the first $132,900: HI - 1.45% on all taxable wages.
In this payroll, Adams company deducted OASDI taxes of $4,027.34 and HI taxes of $941.88 from the $64,957.03 of taxable wages paid. What is Adams Companys portion of the social security taxes for OASDI ______ and HI ______.
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Financial Accounting
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
3rd Edition
0471372668, 978-0471372660
