During 20--, Rachael Parkins, president of Mathieson Company, was paid a semimonthly salary of $8,000. Compute the amount of FICA taxes that should be withheld from her.Note: Rachael's tax return status is single. If an amount is zero, enter "0".OASDIHIa. 9th paycheckb. 17th paycheckc. 24th paycheckd. If Rachael Parkin's year-to-date earningsas of her 24th paycheck are $192,000, andher year-end bonus is $100,000, howmuch is the additional 0.9% HI taxwithheld?

“Hey, since there are multiple sub-parts posted, we will answer first three sub-parts. If you want…

OASDI HI a. 9th paycheck b. 17th paycheck c. 24th paycheck d. If Rachael Parkin's year-to-date earnings as of her 24th paycheck are $192,000, and her year-end bonus is $100,000, how much is the additional 0.9% HI tax withheld?

OASDI HI a. 9th paycheck b. 17th paycheck c. 24th paycheck d. If Rachael Parkin's year-to-date earnings as of her 24th paycheck are $192,000, and her year-end bonus is $100,000, how much is the additional 0.9% HI tax withheld?

PAYROLL ACCT.,2019 ED.(LL)-TEXT

19th Edition

ISBN:9781337619783

Author:BIEG

Publisher:BIEG

Chapter3: Social Security Taxes

Section: Chapter Questions

Problem 3SSQ

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Question

During 20--, Rachael Parkins, president of Mathieson Company, was paid a semimonthly salary of $8,000. Compute the amount of FICA taxes that should be withheld from her.
Note: Rachael's tax return status is single. If an amount is zero, enter "0".
OASDI
HI
a. 9th paycheck
b. 17th paycheck
c. 24th paycheck
d. If Rachael Parkin's year-to-date earnings
as of her 24th paycheck are $192,000, and
her year-end bonus is $100,000, how
much is the additional 0.9% HI tax
withheld?

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