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2. Problem: Employee earnings records for Slaymaker Company reveal the following gross earnings for four employees through the pay period of December 15. For the
2. Problem: 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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