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    kizzyb's Avatar
    kizzyb Posts: 31, Reputation: 1
    Junior Member

    Oct 30, 2006, 12:27 PM
    The annual salaries paid each of the officers of Maxtun, Inc. follow. The officers are paid semimontly on the 15th and last day of the month. Compute the FICA taxes to be withheld from each officers on October 13, and December 29.

    Oct 13
    Tate, jack, president Annual salary $120,000
    What's the OASDI Taxable earnings
    The OASDI tax
    The HI taxzble earnings
    The HI tax

    OASDI tax is 6.2%
    HI tax is 1.45%

    The same for Dec 29
    Tate, Jack, President Annual Salary $120,000

    On the 941 Form How do I find the current quarter's fractions of cent

    How to find the percentage of method

    Single 2 withholding allowances payroll period is weekly Gross wage 675.00
    On the percentage method page
    The amount of income tax withheld is 76.40 plus 25%
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man

    Oct 30, 2006, 12:49 PM
    Please review these guidleines on asking homework questions.
    Too Short's Avatar
    Too Short Posts: 85, Reputation: -1
    Junior Member

    Nov 24, 2006, 11:11 AM
    Quote Originally Posted by ScottGem
    Please review these guidleines on asking homework questions.
    I would like it you could show me an example

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