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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

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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 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 HI Taxable Earnings OASDI Tax Annual OASDI Taxable Name and Title Salary Earnings Hanks, Timothy, President $163,200 $ 1,700$ HI Tax 105.40 $ 6,800 s 98.60 Grath, John, VP Finance 138,000 22,700 X 1,407.40 X 5,750 83.38 69,600 58,000 x 3,569 X 2,900 42.05 James, Sally, VP Sales Kimmel, Joan, VP Mfg. 54,000 45,000 X 2,790 X 2,250 31.18 X Wie, Pam, VP Personnel 51,600 43,000 x 2,666 x 2,150 31.18 Grant, Mary. VP Secretary 49,200 41,000 X 2,542 X 2,050 29.73 b. December 31 Annual OASDI Taxable Farnings HI Taxable Earnings Name and Title Salary OASDI Tax HI Tax b. December 31 Annual Salary Name and Title OASDI Taxable Earnings HI Taxable Earnings OASDI Tax HI Tax Hanks, Timothy, President $163,200 25,500 x $ 1,581 X $ 6,800 98.6 Grath, John, VP Finance 138,000 300 X 18.60 X 5,750 83.3 James, Sally, VP Sales 69,600 69,600 X 4,315.20 x 2,900 42.0 Kimmel, Joan, VP Mfg. 54,000 54,000 X 3,348 X 2,250 32.6 Wie, Pam, VP Personnel 51,600 51,600 x 2,150 31.1 3,199.20 x 305,040 x Grant, Mary, VP Secretary 49,200 49,200 X 2,050 29.7 Feedback Check My Work a. & b. Calculate OASDI and HI taxable earnings considering OASDI ceiling. Calculate OASDI and HI Tax based on taxat any employee earning over the OASDI ceiling consider year-to-date earnings prior to current pay period. Multiply OASDI by OASDI rate. Multiply HI taxable earnings by HI rate

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