Chapter 10

State income tax: State income taxes are determined through the use of information provided by the state. For this example, assume that L. Gurecki's state income taxes withheld are $100, while J. Simes' are $24.00. FICA OASDI tax: For 2008, the OASDI portion of the FICA tax is 6.2% of the first $102,000 earned by each employee. ................
................