Employee OASDI = 1,28,400
TAX rate as per self employed will be = 12.4%
Tax will be= 14,850.78
a) crow earned 585.15 during the week. Total yearly earning will be = 585.15*52= $30,427.80
Cumulative gross earnings is $4733.20
The amount of OASDI tax will be = $30,427.80+$4733.20* 12.4%= $4778.
b) the amount of HI tax will be = $30427.80+$4733.20*1.45%= $966.70
Question 9 (1 point) Instruction 3-1 Use the following tax rates, ceiling and maximum taxes: Empl...
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...
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...
Note: In this chapter and in all succeeding work throughout the course, unless instructed otherwise, use the following rates, celling, and maximum taxes. Employee and Employer OASDI: 6.20% $128,400 $7,960.80 Employee* and Employer HI: 1.45% No limit No maximum Self-employed OASDI: 12.4% $128,400 $15,921.60 Self-employed HI: 2.9% No limit No maximum 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...
Note: In this chapter and in all succeeding work throughout the course, unless instructed otherwise, use the following rates, ceilling, and maximum taxes. Employee and Employer OASDI: 6.20% $128,400 $7,960.80 Employee* and Employer HI: 1.45% No limit No maximum Self-employed OASDI: 12.4% $128,400 $15,921.60 Self-employed HI: 2.9% No limit No maximum 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...
Note: In this chapter and in all succeeding work throughout the course, unless instructed otherwise, use the following rates, celing, and maximum taxes. Employee and Employer OASDI: 6.20% $128,400 $7,960.80 Employee" and Employer HI: 1.45% No limit No maximum Self-employed OASDI: 12.4% $128,400 $15,921.60 Self-employed HI: 2.9% No limit No maximum 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...
Note: In this chapter and in all succeeding work throughout the course, unless instructed otherwise, use the following rates, ceiling, and maximum taxes. Employee and Employer OASDI: 6.20% $128,400 $7,960.80 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 1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places Empty Fields Company pays its salaried employees...
Use the following tax rates and taxable wage bases; employee's and employer's OASDI 6.2% both on $132,900 HI 1.45% for employees and employers on the total wages paid. Employees Supplemental HI 0.9 percent on wages in excess of $200,000 was not applicable. Instruction 3-1 Use the following tax rates and taxable wage bases: Employees' and Employer's OASDI—6.2% both on $132,900; HI—1.45% for employees and employers on the total wages paid. Employees' Supplemental HI of 0.9 percent on wages in excess...
QUESTION 1 What is the OASDI to be withheld from this employee for the 9th paycheck? QUESTION What is the HI to be withheld from ths employee for the 9th paycheck? QUESTION What is the OASDI to be withheld from this employee for the 22nd paycheck? QUESTION 4 What is the HI to be withheld from this employee for the 22nd paycheck QUESTION 5 What is the OASDI to be withheld from this employee for the 24th paycheck? QUESTION 6...