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Example 3-1 In 20., the annual salaries paid each of the officers of Abrew, Inc., follow. The officers are paid semimonthly on the 15th and

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Example 3-1 In 20., the annual salaries paid 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 officer's pay on (a) November 15 and (b) December 31. Round your answers to the nearest cent. If an amount is zero, enter "o". a. November 15 Name and Title Annual Salary OASDI Taxable Earnings OASDI Tax HI Taxable Earnings HI Tax Hanks, Timothy, President $152,280 Grath, John, VP Finance 137,400 James, Sally, VP Sales 76,800 Kimmel, Joan, VP Mfg. 56,400 Wie, Pam, VP Personnel 46,800 Grant, Mary, VP Secretary 45,600 b b. December 31 Name and Title Annual Salary OASDI Taxable Earnings OASDI Tax HI Taxable Earnings HI Tax Hanks, Timothy, President $152,280 $ Grath, John, VP Finance 137,400 James, Sally, VP Sales 76,800 Kimmel, Joan, VP Mfg. 56,400 Wie, Pam, VP Personnel 46,800 Grant, Mary, VP Secretary 45,600

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