Question: help please. I need the formula to k15?? 7. Orrin D'Amato, single, participates in his firm's pension retirement plan. This year, his modified adjusted gross

7. Orrin D'Amato, single, participates in his firm's pension retirement plan. This year, his modified adjusted gross income will be about $75,000. How much of his compensation may D'Amato contribut to an IRA this year without paying federal income taxes on the contribution? MARITAL STATUS NO. OF WIH ALLOW. 1 5 6 4-5A 7 8 HOGAN THRIFT SHOP PAYROLL REGISTER 9 FOR PERIOD ENDING December 20 10 11 12 DEDUCTIONS (a) (b) 13 (0) TOTAL (e) FICA 14 EMPLOYEE NAME EARNINGS OASDI NET HI FIT 15 John, Matthew M Hint: Must use Percentage Method. 3 2,524.00 $ 136.40 $ 36.60 0% 16 Smith, Jennifer 275.00 17.05 3.99 72.00 17 Bullen, Catherine M 0 250.00 15.50 3.63 3.00 SUU 2192 18 Matthews, Mary S 3 320.25 19.86 464 1.00 6.41 4.80 283.54 19 Hadt, Bonnie S 1 450.00 27.90 6.53 33.00 9.00 6.75 366 82 20 Camp, Sean 2 560.50 34.75 8.13 36.00 11.21 8.41 462.00 21 Wilson, Helen S 1 475.50 29.48 6.89 35.00 9.51 7.13 387.49 22 Gleason, Jose M 3 890.00 55.18 12.91 44.00 17.80 13 35 746.76 23 Totals 5.745 25 $336.12 $ 83,32 # $ 114.91 $ 86.18 24 Compute the employer's FICA taxes for the pay period ending December 20. 25 OASDI Taxes HI Taxes 26 $ 5,421.25 $ 5,745.25 OASDI taxable earnings Hi taxable earnings $ 83.31 27 Hi taxes $ 336.12 OASDI taxes 28 29 30 31 Instructor Comment/Grade Area 32 Student Work Area Excel Instructions 64-3A 4-3B 64-4A 4-48 64-5A 4.5B 64-8A4-88 Cell K15 note by Ros Hill o Type here to search 7. Orrin D'Amato, single, participates in his firm's pension retirement plan. This year, his modified adjusted gross income will be about $75,000. How much of his compensation may D'Amato contribut to an IRA this year without paying federal income taxes on the contribution? MARITAL STATUS NO. OF WIH ALLOW. 1 5 6 4-5A 7 8 HOGAN THRIFT SHOP PAYROLL REGISTER 9 FOR PERIOD ENDING December 20 10 11 12 DEDUCTIONS (a) (b) 13 (0) TOTAL (e) FICA 14 EMPLOYEE NAME EARNINGS OASDI NET HI FIT 15 John, Matthew M Hint: Must use Percentage Method. 3 2,524.00 $ 136.40 $ 36.60 0% 16 Smith, Jennifer 275.00 17.05 3.99 72.00 17 Bullen, Catherine M 0 250.00 15.50 3.63 3.00 SUU 2192 18 Matthews, Mary S 3 320.25 19.86 464 1.00 6.41 4.80 283.54 19 Hadt, Bonnie S 1 450.00 27.90 6.53 33.00 9.00 6.75 366 82 20 Camp, Sean 2 560.50 34.75 8.13 36.00 11.21 8.41 462.00 21 Wilson, Helen S 1 475.50 29.48 6.89 35.00 9.51 7.13 387.49 22 Gleason, Jose M 3 890.00 55.18 12.91 44.00 17.80 13 35 746.76 23 Totals 5.745 25 $336.12 $ 83,32 # $ 114.91 $ 86.18 24 Compute the employer's FICA taxes for the pay period ending December 20. 25 OASDI Taxes HI Taxes 26 $ 5,421.25 $ 5,745.25 OASDI taxable earnings Hi taxable earnings $ 83.31 27 Hi taxes $ 336.12 OASDI taxes 28 29 30 31 Instructor Comment/Grade Area 32 Student Work Area Excel Instructions 64-3A 4-3B 64-4A 4-48 64-5A 4.5B 64-8A4-88 Cell K15 note by Ros Hill o Type here to search
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