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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 November 15 Annual Salary OASDI Taxable Earnings HI Taxable Earnings Name and Title OASDI Tax HI Tax Hanks, Timothy, President $158,100 Grath, John, VP Finance 138,960 James, Sally, VP Sales 69,600 Kimmel, Joan, VP Mfg. 54,000 Wie, Pam, VP Personnel 52,800 Grant, Mary, VP Secretary 39,600 b. December 31 Annual Salary OASDI Taxable Earnings HI Taxable Earnings Name and Title OASDI Tax HI Tax Hanks, Timothy, President $158,100 Grath, John, VP Finance 138,960 James, Sally, VP Sales 69,600 Kimmel, Joan, VP Mfg. 54,000 Wie, Pam, VP Personnel 52,800 Grant, Mary, VP Secretary 39,600
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