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Employee earnings records for Slaymaker Company reveal the following gross earnings for four employees through the pay period of December 15. Exercise 11-10 Employee earnings
Employee earnings records for Slaymaker Company reveal the following gross earnings for four employees through the pay period of December 15.
Exercise 11-10 Employee earnings records for Slaymaker Company reveal the following gross earnings for four employees through the pay period of December 15. 3. Seligman $90,800 L. Marshall $115,400 R. Eby $113,900 T. Olson $121,500 For the pay period ending December 31, each employee's gross earnings is $5,100. The FICA tax rate is 6.2% on gross earnings of $117,000, plus an additional 1.45% on all salary and wages without limitation Compute the FICA withholdings that should be made for each employee for the December 31 pay period. (Round answers to 2 decimal places, eg. 52.75.) 3. Seligman L. Marshall $ R. Eby $ T. Olson Step by Step Solution
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