Employee earnings records for Carnahan Company reveal the following gross earnings for four employees through the pay

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Employee earnings records for Carnahan Company reveal the following gross earnings for four employees through the pay period of December 15.

C. Mendez $93,500 D. Roberts $99,100
L. Church $98,600 T. Windsor $100,000

For the pay period ending December 31, each employee’s gross earnings is $3,000. The FICA tax rate is 8% on gross earnings of $100,000.

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Employee earnings records for Carnahan Company reveal the following gross earnings for four employees through the pay

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A 2 880 B 3 920 C 4 560 D 4 800 C 4 560 The tot al FICA tax f ...View the full answer

Accounting Tools for business decision making

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