Compute the OASDI and HI taxes to withhold from each employee's gross pay Assume no employee...
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Compute the OASDI and HI taxes to withhold from each employee's gross pay Assume no employee has reached the FICA celling of 137,700 for the year. Gross Employee Pay Paul Jane Peter Total 400.00 500.00 700.00 1,600.00 FICA OASDI HI FICA George is paid $2000 salary on December 15th. His cumulative gross pay before this pay period is 137,000. Compute the following for George: Amount of OASDI taxes to withhold Amount of HI taxes to withhold Pay Week OASDI Week 49 Week 50 Week 51 Frank is paid a weekly salary of $2800. Calculate the amount of FICA Taxes to withhold on each of the following weeks. Assume the FICA celling of 137,700. HI George runs his own business as a sole proprietor. This year George had net earnings from self-employment of $80,000. What are his self-employment taxes? (Remember self-employment taxes are OASDI and Hl.) Upload your finished worksheet to the board before the due date to receive credit and be counted as present for the week. Compute the OASDI and HI taxes to withhold from each employee's gross pay Assume no employee has reached the FICA celling of 137,700 for the year. Gross Employee Pay Paul Jane Peter Total 400.00 500.00 700.00 1,600.00 FICA OASDI HI FICA George is paid $2000 salary on December 15th. His cumulative gross pay before this pay period is 137,000. Compute the following for George: Amount of OASDI taxes to withhold Amount of HI taxes to withhold Pay Week OASDI Week 49 Week 50 Week 51 Frank is paid a weekly salary of $2800. Calculate the amount of FICA Taxes to withhold on each of the following weeks. Assume the FICA celling of 137,700. HI George runs his own business as a sole proprietor. This year George had net earnings from self-employment of $80,000. What are his self-employment taxes? (Remember self-employment taxes are OASDI and Hl.) Upload your finished worksheet to the board before the due date to receive credit and be counted as present for the week.
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Answer 1 Employee Gross Pay FICA OASDI FICA HI Paul 400000 2480000 580000 Jane 500000 3100000 7... View the full answer
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