Question
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. Semimonthly Pay YTD Pay for November 15 Employee Pay Date R. Bellagio $ 9,520 B. Khumalo $ 6,720 S. Schriver $ 6,840 K. Saetang T. Ahmad 6969 $ 8,250 $ 10,750 M. Petrova $ 9,100 Social Security Tax for November 30 Medicare Tax for Pay Date November 30 Pay Date
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Payroll Accounting 2023
Authors: Jeanette M. Landin, Paulette Schirmer
9th Edition
978-1264415618, 1264415613
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