Employee earnings records for Slaymaker Company reveal these gross earnings for four employees through the pay period
Question:
Employee earnings records for Slaymaker Company reveal these gross earnings for four employees through the pay period of December 15.
For the pay period ending December 31, each employee's gross earnings is $4,500. The FICA tax rate is 7.65% on gross earnings of $132,900.
Instructions
Compute the FICA withholdings that should be made for each employee for the December 31 pay period.
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Related Book For 
Accounting Principles
ISBN: 9781119707110
14th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
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