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.
b.
Transcribed Image Text:
November 15 HI Тахable Earnings Annual OASDI Taxable Earnings OASDI Тах HI Name and Title Hanks, Timothy, President Grath, John, VP Finance Salary $151,200 132,000 Тах James, Sally, VP Sales Kimmel, Joan, VP Mfg. Wie, Pam, VP Personnel 54,000 51,600 Grant, Mary, VP Secretary 49,200 December 31 HI Taxable OASDI Taxable Earnings OASDI НI Annual Salary $151,200 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 Tax Earnings Tax 69,600 54,000 49,200
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