Question

Calculate the employee oasdi for an employee who makes $1,250 gross wages on a biweekly payroll.

Answer 1

To calculate the OASDI for an employee with $1,250 gross wages on a biweekly payroll, multiply $1,250 by 6.2% to get an OASDI deduction of $77.50.

Step-by-step explanation:

To calculate the OASDI (Social Security tax) for an employee earning $1,250 in gross wages on a biweekly payroll, thTo calculate the employee OASDI (Old-Age, Survivors, and Disability Insurance) for the given gross wages of $1,250 on a biweekly payroll, we need to first calculate the annual gross income. Since biweekly pay occurs 26 times in a year, the annual gross income would be $1,250 x 26 = $32,500. following steps are required:

1. Multiply the gross wages by the OASDI tax rate (6.2%).
2. The calculation will be $1,250 * 0.062.
3. As a result, the OASDI deduction will be $77.50

Therefore, for a biweekly pay period where the gross wages are $1,250, the OASDI deduction amounts to $77.50.