Ken Gorman is a maitre d' at Carmel Dinner Club. On February 2, his gross...
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Accounting
Ken Gorman is a maitre d' at Carmel Dinner Club. On February 2, his gross pay was $960 (three days working, one paid vacation day, and one paid sick day). He also reported to his employer tips of $1,000 for the previous month (applicable taxes to be deducted out of this pay). Gorman belongs to the company's 401(k) plan and has 5% of his gross pay ($960) deducted each week (salary reduction). Carmel Dinner Club also provides a matching contribution ($48) into the plan for Gorman. Compute the following amounts:
| a. Deduction for OASDI tax | $ |
| b. Deduction for HI tax | $ |
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