Problem Information Use the following tax rates and taxable wage bases: Employees' and Employer's OASDI-6.2% both on $147,000; HI-1.45% for employees and employers on the total wages paid. Employees' Supplemental HI of 0.9% on wages in excess of $200,000 was not applicable. During 20--, Amanda Hines, president of Dunne, Inc., was paid a semimonthly salary of $7,600. Determine the following amounts. Round your answers to the nearest cent. If your answer is zero, enter "0". OASDI a. The amount of FICA taxes to withhold from her 9th pay is b. The amount of FICA taxes to withhold from her 20th pay is c. The amount of FICA taxes to withhold from her 24th pay is 000 000

Problem Information Use the following tax rates and taxable wage bases: Employees' and Employer's OASDI-6.2% both on $147,000; HI-1.45% for employees and employers on the total wages paid. Employees' Supplemental HI of 0.9% on wages in excess of $200,000 was not applicable. During 20--, Amanda Hines, president of Dunne, Inc., was paid a semimonthly salary of $7,600. Determine the following amounts. Round your answers to the nearest cent. If your answer is zero, enter "0". OASDI a. The amount of FICA taxes to withhold from her 9th pay is b. The amount of FICA taxes to withhold from her 20th pay is c. The amount of FICA taxes to withhold from her 24th pay is 000 000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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