Chpt3Objective2

docx

School

Grand Canyon University *

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Course

105

Subject

Economics

Date

Feb 20, 2024

Type

docx

Pages

1

Uploaded by MegaKnowledge1633

Report
Ernie Gilmore began working as a part-time waiter on June 1, 20--, at Sporthouse Restaurant. The cash tips of $390 that he received during June were reported on Form 4070, which he submitted to his employer on July 3. During July, he was paid wages of $525 by the restaurant. Compute the following amounts. Round your answers to the nearest cent. OASDI HI a. The amount of FICA taxes that the employer should withhold from Gilmore's wages during July. $ 56.73 $ 13.27 b. The amount of the employer's FICA taxes on Gilmore's wages and tips during July. $ 56.73 $ 13.27
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