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In 20-- the annual salaries paid each of the officers of Perez, Inc., follow. The officers are paid semimonthly on the 15th and the last
In 20-- the annual salaries paid each of the officers of Perez, 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.
If an amount is zero, enter "0". Enter all earnings and taxes to two decimal places.
b. December 31 HI Taxable OASDI Tax Earnings Name and Title OASDI Taxable Earnings Annual Salary HI Tax Perez, Paul, President $150,000 $ 6,250 90.63 Donald, Donna, VP Finance 129,000 5,375 X 333.25 X 5,375 77.94 Funke, Jack, VP Sales 76,800 3,200 198.40 3,200 46.40 Weis, AI, VP Mfg. 92,400 3,850 238.70 3,850 55.83 Lang, Hope, VP Personnel 78,000 3,250 20.50 3,250 47.13 Lee, Amy, VP Secretary 52,800 2,200 136.40 2,200 31.90
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