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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. ?For the pay period
Employee earnings records for Slaymaker Company reveal the following gross earnings for four employees through the pay period of December 15. ?For the pay period ending December 31, each employees gross earnings is $4,500. 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.?
Z Your answer is partially correct. Try again 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 $120,000 $113,600 Olson For the pay period ending December 31, each employee's gross earnings is $4,500. 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, e.g. 52.75.) J. Seligman 344.25 L. Marshall 145.35 R. Eby 260.10 T. Olson 0.00 LINK TO TEXTStep by Step Solution
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