Question: 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


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% * $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% ($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 ($7.62 100) 11.45% * ($525.25 x 100) Tax on employer: $761.61 The biweekly taxable wages for the employees of Wee-Ones Foods follow. Compute the FICA taxes for each employee and the employer's FICA taxes. Round all computations to the nearest cent. FICA Taxes Employee Employee Blweekly Taxable No. Name HI Wages OASDI 711 $1,100.00 Adams, Jane Check My Work eBook FICA Taxes Employee Employee Biweekly Taxable No. Name Wages OASDI HI 711 Adams, Jane $1,100.00 512 Candy, James 1,000.00 Guitermez, 624 1,050.00 Roberta 325 Harrison, Ken 1,250.00 422 Lowland, Harriet 1,600.00 210 Ranger, Ralph 1,310.50 111 Sweat, Rudy 1,419.45 Totals Employer's OASDI Total Taxable Wages Employer's OASDI Tax Employer's HI Tax Total Taxable Wages Employer's HI Tax Feedback Check My Work eBook FICA Taxes Employee Employee Biweekly Taxable No. Name Wages OASDI HI 711 Adams, Jane $1,100.00 512 Candy, James 1,000.00 624 Guiterrez, Roberta 1,050.00 325 Harrison, Ken 1,250.00 422 Lowland, Harriet 1,600.00 210 Ranger, Ralph 1,310.50 111 Sweat, Rudy 1,419.45 Totals Employer's OASDI Total Taxable Wages Employer's OASDI Tax Employer's HI Tax Total Taxable Wages Employer's HI Tax Feedback Check My Work
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