1. Bode has cumulative earnings of $61,200. His current earnings are $3,366.00. Bode's 2020 OASDI withholding...

 

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1. Bode has cumulative earnings of $61,200. His current earnings are $3,366.00. Bode's 2020 OASDI withholding is: $ And his 2020 HI withholding is: $ 2. Dale's current earnings total a gross amount of $7,095.00. Year to date he has earnings of $129,000. Dale's 2020 OASDI withholding is: $ And his 2020 HI withholding is: $ 1. Medal Points Did Dale's gross earnings partially exceeded the OASDI cap? YesNo 3. Brandi's current earnings total a gross amount of $10,835. Year to date earnings are $197,000. Brandi's 2020 OASDI withholding is: $ And her 2020 total HI withholding is: $f Compute the total annual tax for the following individuals. Note: Round each to the nearest cent. 1. Alex has self-employment earnings of $57,400. Alex's 2020 total self-employment taxes are: $ 2. 3. Hope has self-employment earnings of $138,400. Hope's 2020 total self-employment taxes are: $ 4. 5. Michelle has self-employment earnings of $222,000. Michelle's 2020 total self-employment taxes are: $ Compute the following for John, who is both an employee and self-employed. Note: Round the answer to the nearest cent. John was employed by the NFL, earning for the year $122,000. In addition, during his free time, he shoveled snow in the neighborhood, earning $35,500 for the year. John's 2020 total FICA and SECA taxes for the year is: $ 1. Bode has cumulative earnings of $61,200. His current earnings are $3,366.00. Bode's 2020 OASDI withholding is: $ And his 2020 HI withholding is: $ 2. Dale's current earnings total a gross amount of $7,095.00. Year to date he has earnings of $129,000. Dale's 2020 OASDI withholding is: $ And his 2020 HI withholding is: $ 1. Medal Points Did Dale's gross earnings partially exceeded the OASDI cap? YesNo 3. Brandi's current earnings total a gross amount of $10,835. Year to date earnings are $197,000. Brandi's 2020 OASDI withholding is: $ And her 2020 total HI withholding is: $f Compute the total annual tax for the following individuals. Note: Round each to the nearest cent. 1. Alex has self-employment earnings of $57,400. Alex's 2020 total self-employment taxes are: $ 2. 3. Hope has self-employment earnings of $138,400. Hope's 2020 total self-employment taxes are: $ 4. 5. Michelle has self-employment earnings of $222,000. Michelle's 2020 total self-employment taxes are: $ Compute the following for John, who is both an employee and self-employed. Note: Round the answer to the nearest cent. John was employed by the NFL, earning for the year $122,000. In addition, during his free time, he shoveled snow in the neighborhood, earning $35,500 for the year. John's 2020 total FICA and SECA taxes for the year is: $

Answer rating: 100% (QA)

For year 2020 FICA OASDI tax rate is 620 for earning up to 137700 HI Tax rate is 145 and appl... View the full answer