Employee earnings records for Slaymaker Company reveal the following gross earnings for four employees through the pay
Question:
Employee earnings records for Slaymaker Company reveal the following 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 $127,200.
Instructions
Compute the FICA withholdings that should be made for each employee for the December 31 pay period. (Show computations.)
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FICA tax rate 765 Gross earnings of J Seligman for the pay period ending December 31 4500 FICA tax w...View the full answer
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Related Book For 
Accounting Principles
ISBN: 978-1119411482
13th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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