Question: Hello, I'm having problems with solving this question. Could you please help me out? Thank you! Problem Information Use the following tax rates, ceiling and
Hello, I'm having problems with solving this question. Could you please help me out? Thank you!

Problem Information Use the following tax rates, ceiling and maximum taxes: Employee and Employer OASDI: 6.20% $128,400 $7,960.80 Employee* and Employer HI: 1.45% No limit No maximum Selfemployed OASDI: 12.4% $128,400 $15,921.60 Selfemployed HI: 2.9% No limit No maximum *Employee HI: Plus an additional 0.9% on wages over $200,000. Also applicable to selfemployed. Rounding Rules: Unless instructed otherwise compute hourly rate and overtime rates as follows: 1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate). 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, drop the third decimal place. Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow. Dee is paid $2,345 on November 8, 20. Dee had cumulative gross earnings, including overtime pay, of $127,100 prior to this pay. Round your answers to the nearest cent. a. The amount of OASDI taxes to withhold from Dee's pay is $[:] b. The amount of HI taxes to withhold from Dee's pay is $:]
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