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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 $7.62 (1.45% x $525.25) Amount of HI tax withheld from each employee's paycheck each week: Total tax withheld from the 100 employees' wages is: Tax on employer: $762.00 ($7.62 x 100) [1.45% x ($525.25 x 100)] $761.61 Haggerty 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: If an amount is zero, enter "0". Round your answers to the nearest cent. Employee Annual Salary OASDI Taxable Wages OASDI Tax HI Taxable Wages HI Tax Stern, Myra $42,150 Lundy, Hal 39,500 Franks, Rob 46,000 161,280 Haggerty, Alan Ward, Randy 40,800 Hoskin, Al 39,600 Wee, Pam 106,800 Prince, Harry 76,800 Maven, Mary 52,000 Harley, David 68,960 Totals $673,890.00 Employer's OASDI Tax Employer's HI Tax $
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