Employee earnings records for Brantley Company reveal the following gross earnings for four employees through the pay
Question:
For the pay period ending December 31, each employees gross earnings is $4,000. Employees are required to pay a FICA tax rate of 8% gross earnings of $106,800.
Instructions
Compute the FICA withholdings that should be made for each employee for the December 31 pay period. (Showcomputations.)
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Related Book For
Financial Accounting
ISBN: 978-0470507018
7th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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