Question
In: Accounting
During 20--, Rachael Parkins, president of Mathieson Company, was paid a semimonthly salary of $7,500. Compute...
During 20--, Rachael Parkins, president of Mathieson Company, was paid a semimonthly salary of $7,500. Compute the amount of FICA taxes that should be withheld from her. If an amount is zero, enter "0".
| OASDI | HI | |
| a. 9th paycheck | $ | $ |
| b. 18th paycheck | $ | $ |
| c. 24th paycheck | $ | $ |
| d. If Rachael Parkin's year-to-date earnings
as of her 24th paycheck are $180,000, and her year-end bonus is $100,000, how much is the additional 0.9% HI tax withheld? |
Solutions
Expert Solution
Solution:-
| OASDI | HI | |
| a. 9th paycheck | $ 465.00 | $ 108.75 |
| b. 18th paycheck | $ 446.40 | $ 108.75 |
| c. 24th paycheck | 0 | $ 108.75 |
| d. If Rachael Parkin's year-to-date earnings as of her 24th paycheck are $180,000, and her year-end bonus is $100,000, how much is the additional 0.9% HI tax withheld? | $ 720.00 |
ekkarill92 answered 3 years agoRelated Solutions
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