I got stuck need help please my answer came to $1,240

timer Asked: Dec 10th, 2015

Question description

Katherine earns a salary of $150,000 from Hospitals, Inc. as a hospital administrator during 2014. Hospitals, Inc. withholds OASDI taxes in the amount of $7,254. She also earns $20,000 of wages from CPR Experts where she teaches CPR. CPR Experts withholds OASDI taxes in the amount of $1,240. What is Kathryn’s available credit for excess Social Security taxes withheld, assuming Kathryn’s tax due before application of the credit is $800?

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