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

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% ($525.25 x 100)] HI $7.62 (1.45% x $525.25) Amount of HI tax withheld from each employee's paycheck each week: Total tax withheld from the 100 employees' wages is: $762.00 ($7.62 x 100) [1.45%

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