QUESTION 43 Instruction 3-1 Use these tax rates and taxable wage: OASDI—(Employe

Question

QUESTION 43 Instruction 3-1 Use these tax rates and taxable wage: OASDI—(Employees' and Employers' 6.2%; Self-Employed 12.4%) on first $113,700. HI—(Employees' and Employers' 1.45%; Self-Employed 2.9%) on all taxable wages. Note: Employees' supplemental HI rate of 0.9% on wages in excess of $200,000 is not applicable. Refer to Instruction 3-1. Crow earned $585.15 during the week ended March 1, 20--. Prior to payday, Crow had cumulative gross earnings of $4,733.20. a) The amount of OASDI taxes to withhold from Crow's pay is . b) The amount of HI taxes to withhold from Crow's pay is .

Explanation / Answer

Gross earnings = 585.15 + 4733.20 $5,318.35 OASDI @ 6.2% $   329.74 OASDI on 585.15 $     36.28 HI Taxes on 5318.35 $     77.12 HI taxes on 585.15 $       8.48

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