In 20-- the annual salaries paid each of the officers of Abrew, Inc., follow. The officers are

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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.

a.

November 15 HI Тахable Earnings Annual OASDI Taxable Earnings OASDI Тах HI Name and Title Hanks, Timothy, Presiden

b.

December 31 HI Taxable OASDI Taxable Earnings OASDI НI Annual Salary $151,200 Name and Title Hanks, Timothy, President


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Payroll Accounting 2018

ISBN: 978-1337291040

28th edition

Authors: Bernard J. Bieg, Judith Toland

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