Practice, Practice, Practice For the current pay period, compute the following for the employees of Rodeo. Note: Round each to the nearest cent and if an amount is zero, enter "0". Robert has cumulative earnings of $58,200. His current earnings are $3,201.00. Robert's 2018 OASDI withholding is: $And his 2018 HI withholding is: $ Joan's current earnings total a gross amount of $6,721.00. Year to date she has earnings of $122,200. Joan's 2018 OASDI withholding is: $And her 2018 HI withholding is: $ Ellen's current earnings total a gross amount of $19,030. Year to date earnings are $346,000. Ellen's 2018 OASDI withholding is: $And her 2018 total HI withholding is: $Regarding Ellen's supplemental withholding for the current period, select the correct response. Compute the total annual tax for the following individuals. Note: Round each to the nearest cent. Joaquin has self-employment earnings of $60,000. Joaquin's 2018 total self-employment withholding is: $ Vivien has self-employment earnings of $129,000. Vivien's 2018 total self-employment withholding is: $ Maggie has self-employment earnings of $306,000. Maggie's 2018 total self-employment withholding is: $ Compute the following for Olivia who is both an employee and self-employed. Note: Round each to the nearest cent. Olivia worked for Rodeo, earning for the year $99,000. In addition, during her free time, she sold hair pieces out of her home, earning $38,500 for the year. Olivia's 2018 self-employment FICA withholding is: $

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter8: Employer Taxes, Payments, And Reports

Section: Chapter Questions

Problem 4E

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Practice, Practice, Practice

For the current pay period, compute the following for the employees of Rodeo.

Note: Round each to the nearest cent and if an amount is zero, enter "0".

Robert has cumulative earnings of $58,200. His current earnings are $3,201.00.

Robert's 2018 OASDI withholding is: $
And his 2018 HI withholding is: $

Joan's current earnings total a gross amount of $6,721.00. Year to date she has earnings of $122,200.

Joan's 2018 OASDI withholding is: $
And her 2018 HI withholding is: $

Ellen's current earnings total a gross amount of $19,030. Year to date earnings are $346,000.

Ellen's 2018 OASDI withholding is: $
And her 2018 total HI withholding is: $
Regarding Ellen's supplemental withholding for the current period, select the correct response.

Compute the total annual tax for the following individuals.

Note: Round each to the nearest cent.

Joaquin has self-employment earnings of $60,000.

Joaquin's 2018 total self-employment withholding is: $

Vivien has self-employment earnings of $129,000.

Vivien's 2018 total self-employment withholding is: $

Maggie has self-employment earnings of $306,000.

Maggie's 2018 total self-employment withholding is: $

Compute the following for Olivia who is both an employee and self-employed.

Note: Round each to the nearest cent.

Olivia worked for Rodeo, earning for the year $99,000. In addition, during her free time, she sold hair pieces out of her home, earning $38,500 for the year.

Olivia's 2018 self-employment FICA withholding is: $

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