In: Accounting
During 2018, Matti Conner, president of Maggert Company, was paid a semimonthly salary of $5,800. Compute the amount of FICA taxes that should be withheld from her.
Note that Matti files single on her tax return. If an amount is zero, enter "0".
| OASDI | HI | ||
| a. | 9th paycheck | $ | $ |
| b. | 22nd paycheck | $ | $ |
| c. | 24th paycheck | $ | $ |
| d. | If Matti Conner's year-to-date earnings as of her 24th paycheck are $139,200 and her year-end bonus is $100,000. How much is the additional 0.9% HI tax withheld? | $ |
During 2018, Matti Conner, president of Maggert Company, was paid a semimonthly salary of $5,800. Compute the amount of FICA taxes that should be withheld from her. Note that Matti files single on her tax return. If an amount is zero,
