Question
Employee earnings records for Slaymaker Company reveal the following gross earnings for four employees through the pay period of December 15. J. Seligman $93,500 L.
Employee earnings records for Slaymaker Company reveal the following gross earnings for four employees through the pay period of December 15.
| J. Seligman | $93,500 | L. Marshall | $115,100 | |||
| R. Eby | $113,600 | T. Olson | $120,000 |
For the pay period ending December 31, each employees gross earnings is $4,500. The FICA tax rate is 7.65% on gross earnings of $117,000.
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Intermediate Accounting
Authors: kieso, weygandt and warfield.
14th Edition
9780470587232, 470587288, 470587237, 978-0470587287
