Practice, Practice, Practice For the current pay period, compute the following for the employees of Rodeo. Note: Round each to the nearest cent and if an amount is zero, enter "0". Robert has cumulative earnings of $58,200. His current earnings are $3,201.00. Robert's 2018 OASDI withholding is: $And his 2018 HI withholding is: $ Joan's current earnings total a gross amount of $6,721.00. Year to date she has earnings of $122,200. Joan's 2018 OASDI withholding is: $And her 2018 HI withholding is: $ Ellen's current earnings total a gross amount of $19,030. Year to date earnings are $346,000. Ellen's 2018 OASDI withholding is: $And her 2018 total HI withholding is: $Regarding Ellen's supplemental withholding for the current period, select the correct response. Compute the total annual tax for the following individuals. Note: Round each to the nearest cent. Joaquin has self-employment earnings of $60,000. Joaquin's 2018 total self-employment withholding is: $ Vivien has self-employment earnings of $129,000. Vivien's 2018 total self-employment withholding is: $ Maggie has self-employment earnings of $306,000. Maggie's 2018 total self-employment withholding is: $ Compute the following for Olivia who is both an employee and self-employed. Note: Round each to the nearest cent. Olivia worked for Rodeo, earning for the year $99,000. In addition, during her free time, she sold hair pieces out of her home, earning $38,500 for the year. Olivia's 2018 self-employment FICA withholding is: $
Practice, Practice, Practice For the current pay period, compute the following for the employees of Rodeo. Note: Round each to the nearest cent and if an amount is zero, enter "0". Robert has cumulative earnings of $58,200. His current earnings are $3,201.00. Robert's 2018 OASDI withholding is: $And his 2018 HI withholding is: $ Joan's current earnings total a gross amount of $6,721.00. Year to date she has earnings of $122,200. Joan's 2018 OASDI withholding is: $And her 2018 HI withholding is: $ Ellen's current earnings total a gross amount of $19,030. Year to date earnings are $346,000. Ellen's 2018 OASDI withholding is: $And her 2018 total HI withholding is: $Regarding Ellen's supplemental withholding for the current period, select the correct response. Compute the total annual tax for the following individuals. Note: Round each to the nearest cent. Joaquin has self-employment earnings of $60,000. Joaquin's 2018 total self-employment withholding is: $ Vivien has self-employment earnings of $129,000. Vivien's 2018 total self-employment withholding is: $ Maggie has self-employment earnings of $306,000. Maggie's 2018 total self-employment withholding is: $ Compute the following for Olivia who is both an employee and self-employed. Note: Round each to the nearest cent. Olivia worked for Rodeo, earning for the year $99,000. In addition, during her free time, she sold hair pieces out of her home, earning $38,500 for the year. Olivia's 2018 self-employment FICA withholding is: $
Chapter5: Unemployment Compensation Taxes
Section: Chapter Questions
Problem 17PB
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Practice, Practice, Practice
For the current pay period, compute the following for the employees of Rodeo.
Note: Round each to the nearest cent and if an amount is zero, enter "0".
- Robert has cumulative earnings of $58,200. His current earnings are $3,201.00.
Robert's 2018 OASDI withholding is: $
And his 2018 HI withholding is: $
- Joan's current earnings total a gross amount of $6,721.00. Year to date she has earnings of $122,200.
Joan's 2018 OASDI withholding is: $
And her 2018 HI withholding is: $
- Ellen's current earnings total a gross amount of $19,030. Year to date earnings are $346,000.
Ellen's 2018 OASDI withholding is: $
And her 2018 total HI withholding is: $
Regarding Ellen's supplemental withholding for the current period, select the correct response.
Compute the total annual tax for the following individuals.
Note: Round each to the nearest cent.
- Joaquin has self-employment earnings of $60,000.
Joaquin's 2018 total self-employment withholding is: $
- Vivien has self-employment earnings of $129,000.
Vivien's 2018 total self-employment withholding is: $
- Maggie has self-employment earnings of $306,000.
Maggie's 2018 total self-employment withholding is: $
Compute the following for Olivia who is both an employee and self-employed.
Note: Round each to the nearest cent.
Olivia worked for Rodeo, earning for the year $99,000. In addition, during her free time, she sold hair pieces out of her home, earning $38,500 for the year.
Olivia's 2018 self-employment FICA withholding is: $
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