FICA Taxes Biweekly Taxable Wages Employee No. Employee Name OASDI HI 711 Castro, Manny Corrales, Pat Guitar, Joseph Moore, Connie Morrison, Harry Robertson, Catherine Swarez, Joseph $1,000.00 968.00 512 1,004.00 1,046.40 1,200.00 1,044.80 1,122.00 Totals 624 325 422 210 111 Employer's OASDI Total Taxable Wages Employer's OASDI Tax Employer's HI Tax Total Taxable Wages Employer's HI Tax

Individual Income Taxes
43rd Edition
ISBN:9780357109731
Author:Hoffman
Publisher:Hoffman
Chapter18: Accounting Periods And Methods
Section: Chapter Questions
Problem 9DQ: LO.2 Osprey Corporation, an accrual basis taxpayer, had taxable income for 2019 and paid 40,000 on...
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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.

FICA Taxes
Biweekly Taxable
Wages
Employee No.
Employee Name
OASDI
HI
711
Castro, Manny
Corrales, Pat
Guitar, Joseph
Moore, Connie
Morrison, Harry
Robertson, Catherine
Swarez, Joseph
$1,000.00
968.00
512
1,004.00
1,046.40
1,200.00
1,044.80
1,122.00
Totals
624
325
422
210
111
Employer's OASDI
Total Taxable Wages
Employer's OASDI Tax
Employer's HI Tax
Total Taxable Wages
Employer's HI Tax
Transcribed Image Text:FICA Taxes Biweekly Taxable Wages Employee No. Employee Name OASDI HI 711 Castro, Manny Corrales, Pat Guitar, Joseph Moore, Connie Morrison, Harry Robertson, Catherine Swarez, Joseph $1,000.00 968.00 512 1,004.00 1,046.40 1,200.00 1,044.80 1,122.00 Totals 624 325 422 210 111 Employer's OASDI Total Taxable Wages Employer's OASDI Tax Employer's HI Tax Total Taxable Wages Employer's HI Tax
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