Question
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.
November 15
Name and TitleAnnual
SalaryOASDI Taxable
Earnings
OASDI TaxHI Taxable
Earnings
HI TaxHanks, Timothy, President$151,200$$$$Grath, John, VP Finance132,000James, Sally, VP Sales69,600Kimmel, Joan, VP Mfg.54,000Wie, Pam, VP Personnel51,600Grant, Mary, VP Secretary49,200
b.
December 31
Name and TitleAnnual
SalaryOASDI Taxable
Earnings
OASDI TaxHI Taxable
Earnings
HI TaxHanks, Timothy, President$151,200$$$$Grath, John, VP Finance132,000James, Sally, VP Sales69,600Kimmel, Joan, VP Mfg.54,000Wie, Pam, VP Personnel51,600Grant, Mary, VP Secretary49,200
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