In 20-- the annual salaries paid each of the officers of Abrew, Inc., follow. The officers are
Question:
In 20-- the annual salaries paid each of the officers of Abrew, Inc., follow. The officers are paid semimonthly on the 15th and the last day of the month. Compute the FICA taxes to be withheld from each officer's pay on
(a) November 15 and
(b) December 31.
Transcribed Image Text:
a. November 15 HI Taxable Earnings HI Tax Annual OASDI TaxableOASDI Name and Title Salary Earmings Tax Hanks, Timothy, President 141,600 Grath, John, VP Finance James, Sally, VP Sales Kimmel, Joan, VP Mfg. Wie, Pam, VP Personnel Grant, Mary, VP Secretary 119,000 69,600 54,000 51,600 49,200 b. Annual Salary OASDI Taxable Earmings OASDI Tax HI Taxable Earnings HI Tax Name and Title Hanks, Timothy, President Grath, John, VP Finance James, Sally, VP Sales Kimmel, Joan, VP Mfg. Wie, Pam, VP Personnel Grant, Mary, VP Secretary $141,600 119,000 69,600 4,000_ 51,600 49,200 ㅡ ㅡㅡ ㅡ
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