Hi,

Your Website ALREADY has this problem, but I do not Know how you can calculate to have all the answers, I mean the Formula to calculate all the answers. Can you show me the DETAIL, how you got all the numbers. Thanks!

What do you do to have the answers : 452.6; 105.85; 105.4 ; 0 ; and 676.8 ( PLEASE PROVIDE ME ALL FORMULAS, PLEASE) THANKS!

a. 9th paycheck 452.6 105.85

b. 17th paycheck 105.4 105.85

c. 24th paycheck 0 105.85

d. If Rachael Parkin's year-to-date earnings as of her 24th paycheck are $175,200, and her year-end bonus is $100,000, how much is the additional 0.9% HI tax withheld?

676.8

Here is your problem

Note: In this chapter and in all succeeding work throughout the course, unless instructed otherwise, use the following rates, ceiling, and maximum taxes. Employee and Employer OASDI: 6.20% $118,500 $7,347 Employee* and Employer HI: 1.45% No limit No maximum Self-employed OASDI: 12.4% $118,500 $14,694 Self-employed HI: 2.9% No limit No maximum 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 over-time 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, simply drop the third decimal place. Examples: Monthly rate $1,827 Weekly rate ($1,827 12)/52 = $421.615 rounded to $421.62 Hourly rate $421.62/40 = $10.540 rounded to $10.54 O.T. rate $10.54 1.5 = $15.81 Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow. *Employee HI: Plus an additional 0.9% on wages over $200,000. Also applicable to self-employed.

Example 3-1

During 2017, Rachael Parkins, president of Mathieson Company, was paid a semimonthly salary of $7,300.

Compute the amount of FICA taxes that should be withheld from her.

If an amount is zero, enter "0".

OASDI HI

a. 9th paycheck $ $

b. 17th paycheck $ $

c. 24th paycheck $ $

d. If Rachael Parkin's year-to-date earnings as of her 24th paycheck are $175,200, and her year-end bonus is $100,000, how much is the additional 0.9% HI tax withheld?

Expert Answer Hardeep Hardeep answered this

OASDI HI

a. 9th paycheck 452.6 105.85

b. 17th paycheck 105.4 105.85

c. 24th paycheck 0 105.85

d. If Rachael Parkin's year-to-date earnings as of her 24th paycheck are $175,200, and her year-end bonus is $100,000, how much is the additional 0.9% HI tax withheld?

676.8