December 31 Name and Title Annual OASDI Taxable Salary Earnings OASDI Tax HI Taxable Earnings HI Tax Hanks, Timothy, President $ $152,400 138,240 Grath, John, VP Finance 74,400 James, Sally, VP Sales Kimmel, Joan, VP Mfg. 57,600 Wie, Pam, VP Personnel 44,400 Grant, Mary, VP Secretary 48,000 Example 3-1 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. Round your answers to the nearest cent. If an amount is zero, enter "o". a. November 15 Name and Title Annual Salary OASDI Taxable Earnings OASDI Tax HI Taxable Earnings HI Tax Hanks, Timothy, President $152,400 $ Grath, John, VP Finance 138,240 74,400 James, Sally, VP Sales Kimmel, Joan, VP Mfg. 57,600 Wie, Pam, VP Personnel 44,400 Grant, Mary, VP Secretary 48,000 December 31 Name and Title Annual OASDI Taxable Salary Earnings OASDI Tax HI Taxable Earnings HI Tax Hanks, Timothy, President $ $152,400 138,240 Grath, John, VP Finance 74,400 James, Sally, VP Sales Kimmel, Joan, VP Mfg. 57,600 Wie, Pam, VP Personnel 44,400 Grant, Mary, VP Secretary 48,000 Example 3-1 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. Round your answers to the nearest cent. If an amount is zero, enter "o". a. November 15 Name and Title Annual Salary OASDI Taxable Earnings OASDI Tax HI Taxable Earnings HI Tax Hanks, Timothy, President $152,400 $ Grath, John, VP Finance 138,240 74,400 James, Sally, VP Sales Kimmel, Joan, VP Mfg. 57,600 Wie, Pam, VP Personnel 44,400 Grant, Mary, VP Secretary 48,000