As you learned in the previous chapter, Kipley Company is a small manufacturing firm located in Pittsburgh, Pennsylvania. The company has a workforce of both hourly and salaried employees. In the last chapter, gross wages were computed for each employee. Adjacent to their name, each employee's gross wages are shown in the Payroll Register.

The next task is computing the FICA withholding for each employee and the employer's liability.

Requirements:

1. Compute the OASDI for each employee.
2. Compute the HI for each employee.
3. On the Employer Register, compute the employer FICA liability.

Taxable Earnings In the Totals row, complete the following 1. Enter the earnings upon which the employer FICA liability will be computed. 2. Compute the employer OASDI liability, using 6.2%. 3. Compute the employer HI liability, using 1.45%. Note: Round your final answers to the nearest cent. KIPLEY COMPANY, INC. Taxable Earnings Payroll Taxes Earnings OASDI HI FUTA SUTA Totals 7,544.31 $ 467.747 109.39 Taxable Earnings In the Totals row, complete the following 1. Enter the earnings upon which the employer FICA liability will be computed. 2. Compute the employer OASDI liability, using 6.2%. 3. Compute the employer HI liability, using 1.45%. Note: Round your final answers to the nearest cent. KIPLEY COMPANY, INC. Taxable Earnings Payroll Taxes Earnings OASDI HI FUTA SUTA Totals 7,544.31 $ 467.747 109.39