Business, 12.11.2020 16:50 TheRealKodakBlack
Eric Sherm began working as a part-time waiter on April 1, 20--, at Yardville Restaurant. The cash tips of $445 that he received during April were reported on Form 4070, which he submitted to his employer on May 1. During May, he was paid wages of $780 by the restaurant. Compute OASDI and HI; round your answers to the nearest cent.
a. The amount of FICA taxes that the employer should withhold from Sherm's wages during May.
b. The amount of the employer's FICA taxes on Sherm's wages and tips during May.
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Eric Sherm began working as a part-time waiter on April 1, 20--, at Yardville Restaurant. The cash t...
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