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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

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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 "0". a. November 15 HI Taxable Earnings HI Tax Name and Title Annual Salary OASDI Taxable Earnings OASDI Tax Hanks, Timothy, President $163,200 Grath, John, VP Finance 138,000 James, Sally, VP Sales 69,600 Kimmel, Joan, VP Mfg. 54,000 Wie, Pam, VP Personnel $1,600 Grant, Mary, VP Secretary 49,200

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