Instruction 3-1 Use the following tax rates, ceiling and max…

Instructiоn 3-1 Use the fоllоwing tаx rаtes, ceiling аnd maximum taxes: Employee and Employer OASDI:    6.20%                 $168,600                         $10,453.20 Employee* and Employer HI:          1.45%                 No limit                          No maximum Self-employed OASDI:                     12.4%                $168,600                        $20,906.40 Self-employed HI:                              2.9%                  No limit                         No maximum For rounding rules, refer to page 2–37. *Employee HI: Plus an additional 0.9% on wages over $200,000. Also applicable to self-employed. Rounding Rules: Unless instructed otherwise compute hourly rate and overtime rates as follows: 1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimals places (round the hourly rate to 2 decimal places     before multiplying by one and one-half to determine the overtime rate). 2. If the third decimal place is 5 or more, round to the next higher cent. 3. If the third decimal place is less than 5, drop the third decimal place. ​ Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow.Refer to Instruction 3-1. Crow earned $585.15 during the week ended March 1, 20--. Prior to payday, Crow had cumulative gross earnings of $4,733.20.   a) The amount of OASDI taxes to withhold from Crow's pay is __________. b) The amount of HI taxes to withhold from Crow's pay is __________.