NOTE: Problems 3 & 4 In all the following problems, use these tax rates and taxable wage: OASDI (Employees and Employers 6.2%, Self Employed 12.4%) on the first $117,000; HI (Employees and Employers 1.45%, Self Employed 2.9% on wages in excess of $200,000 is not applicable to following problems.

During 2015, Garr was paid a weekly salary of $2,300. The amount of FICA to be withheld from the following payments is:

OASDI HI

• For the 50^th week ____________________________________$ _______ $ ________
• For the 51^st week ____________________________________$ _______ $ ________
• For the 52^nd week ____________________________________$ _______ $ ________

Problem 4: 5 points possible

Jax Companys (a monthly depositor) tax liability (amount withheld from employees wages for federal income tax and FICA tax plus the companys portion of the FICA tax) for July was $1,210. No deposit was made by the company until august 24, 20

Determine:

• The date by which the deposit should have been made._______________
• The penalty for failure to make timely deposit_____________________$____________
• The penalty for failure to fully pay tax when due ___________________$____________
• The interest on taxes sue and unpaid ____________________________$____________