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The employees of Ethereal Bank are paid on a semimonthly basis. All employees are single. There are no pre-tax deductions. Required: Compute the FICA
The employees of Ethereal Bank are paid on a semimonthly basis. All employees are single. There are no pre-tax deductions. Required: Compute the FICA taxes for the employees for the November 30 payroll. All employees have been employed for the entire calendar year. Note: Round "Social Security Tax" and "Medicare Tax" to 2 decimal places. Social Security Semimonthly Pay YTD Pay for November 15 Tax for November 30 Employee Pay Date Pay Date R. Bellagio $ 9,503 B. Khumalo $ 6,703 S. Schriver $ 6,806 K. Saetang $ 7,400 T. Ahmad $ 9,900 M. Petrova $ 8,250 Medicare Tax for November 30 Pay Date
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