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Wallington Company has 100 employees, each earning $525.25 a week. OASDI Amount of OASDI tax withheld from each employee's paycheck each week: $32.57 (6.2% x
Wallington Company has 100 employees, each earning $525.25 a week. OASDI Amount of OASDI tax withheld from each employee's paycheck each week: $32.57 (6.2% x $525.25) Total tax withheld from the 100 employees' wages: $3,257.00 ($32.57 x 100) Tax on employer: $3,256.55 [6.2% x ($525.25 x 100)] HI Amount of HI tax withheld from each employee's paycheck each week: $7.62 (1.45% x $525.25) Total tax withheld from the 100 employees' wages is: Tax on employer: $762.00 $761.61 ($7.62 x 100) [1.45% x ($525.25 x 100)] Empty Fields Company pays its salaried employees monthly on the last day of each month. The annual salary payroll for 20-- follows. Compute the following for the payroll of December 31; round your answers to the nearest cent. OASDI Taxable Employee Annual Salary Wages Utley, Genna $18,000 Werth, Norm 50,400 Bass, John 22,800 Ruiz, Sam 144,800 Compton, Sue 20,400 Williams, Mary 22,800 Patel, Raymond 99,600 Carson, Abe 54,000 Livinsky, Sarah 40,800 Harper, Mark 56,400 Totals OASDI Tax HI Taxable Wages HI Tax
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