Question: 2 If the third decimal place is 5 or more, round to the next higher cent. 3. If the third decimal place is less than

2 If the third decimal place is 5 or more, round to the next higher cent. 3. If the third decimal place is less than 5, simply drop the third decimal place. Examples: Monthly rate $1,827 Weekly rate ($1,827 x 12y52-$421.615 rounded to $421.6:2 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 HI: Plus an additional 0.9% on wages over $200,000. Also to self ed. Example 3-1 During 2017, Rachael Parkins, president of Mathieson Company, was paid a semimonthly salary of $7,000. 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. 17th paycheck c. 24th paycheck d. If Rachael Parkin's year-to-date earnings as of her 24th paycheck are $168,000, and her year- end bonus is $100,000, how much is the additional 0.9% HI tax withheld

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