Question: It's Time t o Show Your Work For the current pay period, compute the following for the employees. NOTE: Round intermediate calculations and final answer

It's Time to Show Your Work
For the current pay period, compute the following for the employees.
NOTE: Round intermediate calculations and final answer to the nearest cent. Ifan amount is zero, enter "o".
1. Alex Malak has year-to-date earnings of?(??$61,000??) and current wages of?(??$3,355.00??).
Alex's 2023 OASDI withholding for the current pay period Is: :
2023HI withholding for the current pay period Is: ?(??$??)
2. Seneca Uml has current wages of?(??$9,984.00??) with year-to-date earnings of?(??$156,000??).
Seneca's 2023 OASDI withholding for the current pay perlod is: ??$
2023HI withholding for the current pay period Is: ?(??$??)
From Your Notes
DId Seneca's gross earnings partially exceed the OASDI cap?
3. Parker Glenn has current wages of?(??$17,108??) and year-to-date earnings of??$245,050.
Parker's 2023 OASDI withholding for the current pay perlod Is: ??$ 2023 total HI withholding (by the employer) for the current pay period Is: ?(??$??)
Compute the total annual tax for the following individuals.
From Your Notes
Hint: Recall that self-employed individuals owe the additional HI tax if their earnings exceed $200,000. Although there isno employer to withhold, it should be included in their total lability.
Note: Round intermediate calculations and final answer to the nearest cent.
Bobbl Cay has self-employment earnings of $58,600.
Bobbi's 2023 total annual self-employment taxes are: $|
Jerl Keely has self-employment earnings of $163,250.
Jerl's 2023 total annual self-employment taxes are:
Laken Sasha has self-employment earnings of $262,000.
Laken's 2023 total annual self-employment taxes are: $
Compute the following for Wayne Gretzky, who is both an employee and self-employed.
Note: Round intermediate calculations and final answer to the nearest cent.
Wayne Gretzky is employed by the National Hockey League earning $130,000 annually. And, during the off season, earns $36,500 giving golf lessons.
Wayne's 2023 total FICA and SECA taxes for the year are: $
c. Nalser has current wages of $19,740.00 and year-to-date earnings of $263,200.
Nalser has 2023HI withholding, for this pay perlod, Is: $
The supplemental withholding (by the employer), for this pay period, Is: $
It's Time t o Show Your Work For the current pay

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