OASDI November 15 Annual Name and Title Salary Taxable Earnings OASDI Tax HI Taxable Earnings HI Tax Hanks, Timothy, President $174,000 Grath, John, VP Finance 148,800 James, Sally, VP Sales 69,600 Kimmel, Joan, VP Mfg. 54,000 Wie, Pam, VP Personnel 51,600 Grant, Mary, VP Secretary 49,200 b. December 31 Annual OASDI Taxable OASDI HI Taxable. Name and Title Salary Earnings Tax Earnings HI Tax Hanks, Timothy, President $174,000 Grath, John, VP Finance 148,800 James, Sally, VP Sales 69,600 Kimmel, Joan, VP Mfg. 54,000 Wie, Pam, VP Personnel 51,600 Grant, Mary, VP Secretary 49,200 3-5A-LO 3 See Example 3-1 on page 3-11 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. a. November 15 HI Annual OASDI Taxable OASDI Taxable HI Name and Title Salary Earnings Tax Earnings Tax Hanks, Timothy, President $174,000 Grath, John, VP Finance 148,800 James, Sally, VP Sales 69,600 Kimmel, Joan, VP Mfg 54,000 Wie, Pam, VP Personnel $1,600 Grant, Mary, VP Secretary 49,200 b. December 31 HI Annual OASDI Taxable OASDI Taxable HI Name and Title Salary Earnings Tax Earnings Tax Hanks, Timothy, President $174,000 Grath, John, VP Finance 148,800 James, Sally, VP Sales 69,600 Kimmel, Joan, VP Mfg 54,000 Wie, Pam, VP Personnel 51,600 Grant, Mary, VP Secretary 49,200 3-38