Homework Answers
we need to calculate both employer and employee portion of taxes.
Employer contributes amount similar to employee.
| OASDI ($132,900*6.2%*2 (since we are calculating employer and employee contribution))q | $16,479.60 |
| MHI ($140,300*1.45%*2) | $4,068.70 |
| Total | $20,548.30 |
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