The biweekly taxable wages for the employees of Rite-Shop follow. Compute the FICA taxes for each employee and the employer's FICA taxes. Round all computations to the nearest cent. FICA Taxes Employee No. Employee Name Biweekly Taxable Wages OASDI HI 711 Castro, Manny $1,000.00 512 Corrales, Pat $968.00 624 Guitar, Joseph $1004.00 325 Moore, Connie $1046.40 422 Morrison, Harry $1200.00 210 Robertson, Catherine $1044.80 111 Swarez, Joseph $1122.00 Totals Employer's OASDI $fill in the blank 18 $fill in the blank 19 Total Taxable Wages Employer's OASDI Tax Employer's HI Tax Total Taxable Wages Employer's HI Tax
The biweekly taxable wages for the employees of Rite-Shop follow. Compute the FICA taxes for each employee and the employer's FICA taxes. Round all computations to the nearest cent. FICA Taxes Employee No. Employee Name Biweekly Taxable Wages OASDI HI 711 Castro, Manny $1,000.00 512 Corrales, Pat $968.00 624 Guitar, Joseph $1004.00 325 Moore, Connie $1046.40 422 Morrison, Harry $1200.00 210 Robertson, Catherine $1044.80 111 Swarez, Joseph $1122.00 Totals Employer's OASDI $fill in the blank 18 $fill in the blank 19 Total Taxable Wages Employer's OASDI Tax Employer's HI Tax Total Taxable Wages Employer's HI Tax
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The biweekly taxable wages for the employees of Rite-Shop follow.
Compute the FICA taxes for each employee and the employer's FICA taxes. Round all computations to the nearest cent.
|
FICA Taxes |
||||||||
| Employee No. | Employee Name | Biweekly Taxable Wages | OASDI | HI | ||||
| 711 | Castro, Manny | $1,000.00 | ||||||
| 512 | Corrales, Pat | $968.00 | ||||||
| 624 | Guitar, Joseph | $1004.00 | ||||||
| 325 | Moore, Connie | $1046.40 | ||||||
| 422 | Morrison, Harry | $1200.00 | ||||||
| 210 | Robertson, Catherine | $1044.80 | ||||||
| 111 | Swarez, Joseph | $1122.00 | ||||||
| Totals |
| Employer's OASDI | $fill in the blank 18 | $fill in the blank 19 | |
| Total Taxable Wages | Employer's OASDI Tax |
| Employer's HI Tax | |||
| Total Taxable Wages | Employer's HI Tax |
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