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 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". Name and Title Annual Salary OASDI Taxable Earnings OASDI Tax Hanks, Timothy, President $168,000 $ Grath, John, VP Finance 144,000 6,000 James, Sally, VP Sales 69,600 2,900 Kimmel, Joan, VP Mfg. 54,000 2,250 Wie, Pam, VP Personnel 51,600 2,150 Grant, Mary, VP Secretary 49,200 2,050 b. Name and Title November 15 HI Taxable Earnings 7,000 HI Tax 161,000 X 6,000 138,000 X 2,900 66,700 X 2,250 51,750 X 2,150 v 49,450 X 2,050 47,150 X December 31 Annual OASDI Taxable Salary: Earnings OASDI Tax Hanks, Timothy, President $168,000 Grath, John, VP Finance 144,000 6,000 X James, Sally, VP Sales 69,600 2,900 Kimmel, Joan, VP Mfg. 54,000 2,250 v items Check My Work & more Check My Work uses remaining HI Taxable Earnings 7,000 6,000 2,900 2,250 HI Tax x