5-5A-LO 3 E% Similar to Example 3-1 on pages 3-10 and 3-11 In 20- the...
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5-5A-LO 3 E% Similar to Example 3-1 on pages 3-10 and 3-11 In 20- the annual salaries paid each of the officers of Abrew, Inc., follow. The officers are paid semimonthly on the 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 November 15 Annual OASDI Taxable OASDI Salary HI Taxable Earnings HI Name and Title Earnings Tax ax Hanks, Timothy, President 141.600 Grath, John, VP Finance James, Sally, VP Sales Kimmel, Joan, VP Mfg. Wie, Pam, VP Personnel Grant, Mary, VP Secretary 119,000 69,600 54,000 51,600 49,200 b. December 31 HI Taxable Earnings Annual OASDI Taxable OASDI HI Name and Title Salary Earnings Tax Hanks, Timothy, President Grath, John, VP Finance James, Sally, VP Sales Kimmel, Joan, VP Mfg. Wie, Pam, VP Personnel Grant, Mary, VP Secretary $141,600 119,000 69,600 54,000 51,600 49,200
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