LO 5-3 The employees of Ethereal Bank are paid on a semimonthly basis. Compute the FICA taxes

Question:


LO 5-3 The employees of Ethereal Bank are paid on a semimonthly basis.

Compute the FICA taxes for the employees for the November 30 payroll.

All employees have been employed for the entire calendar year. All employees are single. There are no pre-tax deductions.

Employee Semimonthly Pay YTD Pay for Nov. 15 Pay Date Social Security Tax for Nov. 30 Pay Date Medicare Tax for Nov. 30 Pay Date R. Bellagio $ 9,500 B. Khumalo 6,700 S. Schriver 6,800 K. Saetang 7,250 T. Ahmad 9,750 M. Petrova 8,100

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Payroll Accounting 2024

ISBN: 9781266832352

10th International Edition

Authors: Jeanette Landin, Paulette Schirmer

Question Posted: