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Audrey Martin and Beth James are partners in the Country Gift Shop, which employs the individuals listed below

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Audrey Martin and Beth James are partners in the Country Gift Shop, which employs the individuals listed below. Paychecks are 
distributed every Friday to all employees. OASDI tax rate is 6.2% with a $93,000 wage base. HI tax rate is 1.45%. Based on the information 
given, compute the amounts listed below.
 
Name and Position Salary 
OASDI 
Taxable 
Earnings 
OASDI 
Tax 
HI 
Taxable 
Earnings 
HI 
Tax 
Zena Vertin, Office  $ 535 per week  $ $  $  $  
Nicole Norge, Sales  2,980 per month     
Bob Mert, Delivery  485 per week     
Audrey Martin, Partner  950 per week     
Beth James, Partner  950 per week     
   Totals     
Employer’s OASDI Tax $______ 
Employer’s HI Tax $______ 

 

asked 7 years ago in Economics by anonymous

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