Question: Problem Information Use the following tax rates, ceiling, and maximum taxes: Employee and Employer OASDI: 6.20% $147,000 $9,114.00 Employee* and Employer HI: 1.45% No limit

Problem Information Use the following tax rates,
Problem Information Use the following tax rates, ceiling, and maximum taxes: Employee and Employer OASDI: 6.20% $147,000 $9,114.00 Employee* and Employer HI: 1.45% No limit No maximum Selfemployed OASDI: 12.4% $147,000 $18,228.00 Self-employed HI: 2.9% No limit No maximum *Employee HI: Plus an additional 0.9% on wages over $200,000. Also applicable to self- Roundlng Rules: Unless instructed otherwise compute hourly rate and overtime rates as 1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to one and one~half to determine the overtime rate). 2. If the third decimal place is S or more, round to the next higher cent. 3. If the third decimal place is less than 5, drop the third decimal place. employed. follows: 2 decimal places (round the hourly rate to 2 decimal places before multiplying by Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow. Crow earned $585.15 during the week ended March 1, 20-. Prior to payday, Crow had cumulative gross earnings of $4,733.20. Round your answers to the nearest cent. _ a. The amount of OASDI taxes to withhold from Crow's pay is b. The amount of H1 taxes to withhold from Crow's pay is $ $: E

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