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 Annual Salary OASDI Taxable Earnings HI Taxable Earnings Name and Title OASDI Tax HI Tax Hanks, Timothy, President $168,000 11,900 X $ $ Grath, John, VP Finance 144,000 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. December 31 Annual Salary OASDI Taxable Earnings HI Taxable Earnings Name and Title OASDI Tax HI Tax Hanks, Timothy, President $168,000 $ Grath, John, VP Finance 144,000 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