Example $3-1$

Example $3-2$

Wallington Company has $100$ employees, each earning $$525\mathrm{.}25$ a week.

OASDI

Amount of OASDI tax withheld from each employee's paycheck each week:

Tax on employer:

$$3,256\mathrm{.}55$

$6\mathrm{.}2\%($$$525\mathrm{.}25100)$

HI

Amount of HI tax withheld from each employee's paycheck each week:

liability for the employer's share of the FICA taxes on the weekly wages of the four employees:

Round your taxable wages per paycheck to the nearest cent.