Question: I do not understand what I am doing wrong here. The OASDI tax rate is 6.2% and the HI rate is 1.45% Example 3-1 In

I do not understand what I am doing wrong here. The OASDI tax rate is 6.2% and the HI rate is 1.45%

I do not understand what I am doing wrong here. The OASDI

Example 3-1 In 20--, the annual salaries paid each of the officers of Abrew, Inc., follow. The officers are paid semimonthly on the 15th and the last day of the month. Compute the FICA taxes to be withheld from each officer's pay on (a) November 15 and (b) December 31. Round your answers to the nearest cent. If an amount is zero, enter "0". a. November 15 Annual Salary OASDI Taxable Earnings HI Taxable Earnings Name and Title OASDI Tax HI Tax Hanks, Timothy, President $163,200 $ 1,700 105.40 6,800 $ 98.60 Grath, John, VP Finance 138,000 5,750 356.50 5,750 83.38 James, Sally, VP Sales 69,600 2,900 179.80 2,900 42.05 Kimmel, Joan, VP Mfg. 54,000 2,250 139.50 2,250 32.63 Wie, Pam, VP Personnel 51,600 2,150 133.30 2,150 31.18 Grant, Mary, VP Secretary 49,200 2,050 127.10 2,050 29.73 b. December 31 Annual Salary OASDI Taxable Earnings HI Taxable Earnings Name and Title OASDI Tax HI Tax Hanks, Timothy, President $163,200 $ 0 0 $ 6,800 $ 98.60 Grath, John, VP Finance 138,000 5,750 X 356.50 X 5,750 83.38 James, Sally, VP Sales 69,600 2,900 179.80 2,900 42.05 Kimmel, Joan, VP Mfg. 54,000 2,250 139.50 2,250 32.63 Wie, Pam, VP Personnel 51,600 2,150 133.30 2,150 31.18 Grant, Mary, VP Secretary 49,200 2,050 127.10 2,050 29.73

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