QUESTION 1 What is the OASDI to be withheld from this employee for the 9th paycheck?...
QUESTION 1 What is the total OASDI withheld from employees for this period? QUESTION 2 What is the total HI withheld from employees for this period? QUESTION 3 What is the total Employer OASDI tax for this period? QUESTION 4 What is the total Employer's HI tax for this period? Click Sqve and Subeit to save and submit.Click Save All Annwers to sqve all annwers 3-9B LO 3 See Example 3-1 on page 3-11, Example 3-2 on page 3-12 Haggerty...
Payroll problem
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2. If the third decimal place is 5 or more, round 0 3. If the third dedmal place is less than 5, simply drop the third decimal place. Examples: Monthly rate $1,827 Weekly rate ($1,827 x 12V/52 = $421.615 rounded to $421.62 Hourly rate $421.62/40 = $10.540 rounded to $10.54 O.T. rate $10.54 x 1.5 = $15.81 Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow Employee HD...
Example 3-1 During 20--, Rachael Parkins, president of Mathieson Company, was paid a semimonthly salary of $7,600. Compute the amount of FICA taxes that should be withheld from her. If an amount is zero, enter "0". OASDI HI a. 9th paycheck $ $ b. 18th paycheck $ $ c. 24th paycheck $ $ d. If Rachael Parkin's year-to-date earnings as of her 24th paycheck are $182,400, and her year-end bonus is $100,000, how much is the additional 0.9% HI tax...
During 2018, Rachael Parkins, president of Mathieson Company, was paid a semimonthly salary of $7,900. Compute the amount of FICA taxes that should be withheld from her OASDI HI a. 9th paycheck " जी b. 17th paycheck c. 24th paycheck d. If Rachael Parkin's year-to-date earnings as of her 24th paycheck are $189,600, and her year-end bonus is $100,000, how much is the additional 0.9% HI tax withheld? "
Use the following tax rates, ceiling and maximum taxes: Employee and Employer OASDI: 6.20% $132,900 $8,239.80 Employee* and Employer HI: 1.45% No limit No maximum Self-employed OASDI: 12.4% $132,900 $16,479.60 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: Carry the hourly rate and the overtime rate to 3 decimal places and then round off...
Problem Information Use the following tax rates, ceiling and maximum taxes: Employee and Employer OASDI: 6.20% $128,400 $7,960.80 Employee* and Employer HI: 1.45% No limit No maximum $15,921.60 Self-employed OASDI: 12.4% $128,400 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...
Use the following tax rates, ceiling and maximum taxes: Employee and Employer OASDI: 6.20% $132,900 $8,239.80 Employee* and Employer HI: 1.45% No limit No maximum Self-employed OASDI: 12.4% $132,900 $16,479.60 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: Carry the hourly rate and the overtime rate to 3 decimal places and then round off...
If Rachael Parkin's year-to-date earnings as of her 24th paycheck are $163,200, and her year-end bonus is $100,000, how much is the additional 0.9% HI tax withheld? I need help with answering this question,
Question 9 (1 point) Instruction 3-1 Use the following tax rates, ceiling and maximum taxes: Employee and Employer OASDI: 6.20% Employee* and Employer HI: 1.45% Self-employed OASDI Self-employed HI: $128,400 No limit $128,400 No limit $7,960.80 No maximum $15,921.60 12.4% 2.9% 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...
Note: In this chapter and in all succeeding work throughout the course, unless instructed otherwise, use the following rates, ceiling, and maximum taxes. $128,400 $7,960.80 6.20% Employee and Employer OASDI: No limit No maximum 1.45% Employee" and Employer HI: $15,921.60 $128,400 12.4% Self-employed OASDI: 2.9% No limit No maximum Self-employed HI: 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...