Question

Funke Corporation has only five employees who are all paid $1,050 per week. Compute the total FICA taxes that the employer would withhold from the five employees each week and the amount the company would pay as its own liability for the employer's share of the FICA taxes on the weekly wages of the five employees:
Employees’ total OASDI . . . . . . . . $_____________________
Employees’ total HI . . . . . . . . . . . . $_____________________
Employer’s total OASDI . . . . . . . . $_____________________
Employer’s total HI . . . . . . . . . . . .$_____________________


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  • CreatedOctober 04, 2013
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