I need help. I have attempted this problem 2 times now and have missed it both times. The teacher won't email me back either! I thought for the Taxable wages, you take the total annual wages and divide by 52 to get that and then multiply it by 6.2 and 1.45 to get the different taxes, but I was wrong. Please help!!
Haggerty Company pays its salaried employees monthly on the last day of each month. The annual salary payroll for 20-- follows. Compute the following for the payroll of December 31:
If required, round your answers to the nearest cent and use the rounded answers in subsequent computations. Round your final answers to the nearest cent. If an amount is zero, enter "0".
BA 177 Course Calendar
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Employee
Annual Salary
OASDI Taxable Wages
OASDI Tax
HI Taxable Wages
HI Tax
Stern, Myra
$42,150
$
$
$
$
Lundy, Hal
$39,500
Franks, Rob
$46,000
Haggerty, Alan
$161,280
Ward, Randy
$40,800
Hoskin, AI
$39,600
Wee, Pam
$106,800
Prince, Harry
$76,800
Maven, Mary
$52,000
Harley, David
$68,960
Totals
$673,890.00
Employer's OASDI Tax
$
Employer's HI Tax
$
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