eBook Print Item Example 3-1 Example 3-2 Wallington Company has 100 employees, each earning $525.25 a week. OASDI Amount of OASDI tax withheld from each employee's paycheck each week: $32.57 (6.2% x $525.25) Total tax withheld from the 100 employees' wages: $3,257.00 ($32.57 x 100) Tax on employer: $3,256.55 [6.2% x ($525.25 x 100)] HI Amount of HI tax withheld from each employee's paycheck each week: $7.62 (1.45% x $525.25) Total tax withheld from the 100 employees' wages is: $762.00 ($7.62 x 100) Tax on employer: $761.61 [1.45% x ($525.25 x 100)] Volpe Corporation has only five employees who are all paid $850 per week. Compute the total FICA taxes that the employer would withhold fro 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: Round your taxable wages per paycheck to the nearest cent. Employees' total OASDI Employees' total HI Employer's total OASDI Employer's total HI Feedback Check My Work Calculate Employee's OASDI tax on taxable wages per paycheck then multiply by number of employees. Calculate Employee's HI tax on taxable wages per paycheck then multiply by number of employees. Calculate Employer's OASDI and HI tax based on total paid for the period. (Note possible difference in Employee's and Employer's HI tax! Check My Work 2 more Check My Work uses remaining. All work saved. Email Instructor Q Search