Question
Employee earnings records for Pina Colada Company reveal the following gross earnings for four employees through the pay period of December 15. T. Tucker $
Employee earnings records for Pina Colada Company reveal the following gross earnings for four employees through the pay period of December 15.
| T. Tucker | $ 106,300 | D. Paiva | $132,000 | |||
|---|---|---|---|---|---|---|
| B. Bitney | $130,700 | N. Doane | $134,500 |
For the pay period ending December 31, each employee's gross earnings is $4,800. The FICA tax rate is 7.65% on gross earnings of $132,900. Compute the FICA withholdings that should be made for each employee for the December 31 pay period. (Round answers to 2 decimal places, e.g. 52.75.)
| T. Tucker | $enter a dollar amount rounded to 2 decimal places | |
|---|---|---|
| D. Paiva | $enter a dollar amount rounded to 2 decimal places | |
| B. Bitney | $enter a dollar amount rounded to 2 decimal places | |
| N. Doane | $enter a dollar amount rounded to 2 decimal places |
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
12th Edition
978-0073526706, 9780073526706
