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eBook P In 20, the annual salaries paid to each of the officers of Abrew, Inc., follow. The officers are paid semimonthly on the
eBook P In 20, the annual salaries paid to 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 afficer's pays (a) ber 15 and (b) December 31. Round your answers to the nearest cent. If an amount is zero, enter "0", November 15 Name and Title Annual Salary OASDI Taxable Earnings OASDI Tax HI Taxable Earnings Hanks, Timothy, President $174,000 7,250 105.125 Grath, John, VP Finance 148,800 6,200 384.4 4,200 89.9 James, Sally, VP Sales 69,500 2,900 1798 2,900 42.05 Kimmel, Joan, VP Mfg. 54,000 2,250 139.5 2,250 V 32.625 X Wie, Pam, VP Personnel 51,600 2,150 1333 2,150 31.175 X Grant, Mary, VP Secretary 49,200 2,050 127.1 2,050 29.725 b. December 31 Name and Title Annual Salary OASDI Texable Earnings HI Taxable OASDI Tax Earnings Hanks, Timothy, President $174,000 7,250 105.125 X Grath, John, VP Finance 148,000 200 99.9 James, Sally, VP Sales 69,600 2,000 Kimmel, Joan, VP Mfg. 54,000 2,250 179.8 1395 2,900 2,900 X 2,250 32.625 Wie, Pam, VP Personnel 51,600 2,150 13337 2,150 31.175 X Grant, Mary, VP Secretary 49.200 2,050 177.1 3,050 29.725x
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