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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
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) Decembe If an amount is zero, enter "0". Enter all earnings and taxes to two decimal places. a. November 15 HI Taxable Earnings HI Tax $ OASDI Taxable Name and Title Annual Salary OASDI Tax Earnings Perez, Paul, President $168,000 Donald, Donna, VP Finance 148,800 Funke, Jack, VP Sales 76,800 Weis, Al, VP Mfg. 92,400 Lang, Hope, VP Personnel 78,000 Lee, Amy, VP Secretary 52,800 b. December 31 HI Taxable HI Tax Earnings $ OASDI Taxable Name and Title Annual Salary OASDI Tax Earnings Perez, Paul, President $168,000 Donald, Donna, VP Finance 148,800 Funke, Jack, VP Sales 76,800 Weis, Al, VP Mfg. 92,400 Lang, Hope, VP Personnel 78,000 Lee, Amy, VP Secretary 52,800
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