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Ralph Herwood was paid a salary of $76,800 during 20-- by Odesto Company. In addition,...

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Accounting

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Ralph Herwood was paid a salary of $76,800 during 20-- by Odesto Company. In addition, during the year Henwood started his own business as a public accountant and reported a net business income of $66,000 on his income tax return for 20-- Compute the following: a. The amount of FICA taxes that was withheld from his earnings during 20-- by Odesto Company, OASDI 4,761.6 1,113.6 HI b. Henwood's self-employment taxes on the income derived from the public accounting business for 20- OASDI 7,551.6 x HI 1,914

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