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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
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. Name and Title Annual Salary OASDI Taxable Earnings Hanks, Timothy, President Grath, John, VP Finance $163,686 $ 148,200 James, Sally, VP Sales 72,000 Kimmel, Joan, VP Mfg. 52,800 Wie, Pam, VP Personnel 46,800 Grant, Mary, VP Secretary 36,000 b. Name and Title Annual Salary OASDI Taxable Earnings Hanks, Timothy, President Grath, John, VP Finance $163,686 $ 148,200 James, Sally, VP Sales 72,000 Kimmel, Joan, VP Mfg. 52,800 Wie, Pam, VP Personnel 46,800 Grant, Mary, VP Secretary 36,000 November 15 HI Taxable OASDI Tax Earnings HI Tax $ $ $ $ December 31 HI Taxable Earnings HI Tax $ OASDI Tax
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