wage Limit 132,900

Example 3-1 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" November 15 Name and Title OASDI Tax Annual Salary $152,280 HI Tax OASDI Taxable Earnings $ HI Taxable Earnings Hanks, Timothy, President Grath, John, VP Finance 137,400 5,725 354.95 James, Sally, VP Sales 3,150 195.30 5,725 3,150 2,200 75,600 52,800 52,800 Kimmel, Joan, VP Mfg. 2,200 136.40 Wie, Pam, VP Personnel 2,200 136.40 2,200 Grant, Mary, VP Secretary 38,400 1,600 99.20 1,600 December 31 December 31 Name and Title OASDI Tax Annual OASDI Taxable Salary Earnings $152,280 $ HI Taxable Earnings HI Tax Hanks, Timothy, President Grath, John, VP Finance 137,400 James, Sally, VP Sales 75,600 Kimmel, Joan, VP Mfg. Wie, Pam, VP Personnel 52,800 52,800 38,400 Grant, Mary, VP Secretary Feedbac 7 Chech My Work