In 2018 the annual salaries paid each of the officers of Abrew, Inc., follow. The...
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Accounting
In 2018 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".
a. Annual Salary Name and Title November 15 HI Taxable OASDI Tax Earnings OASDI Taxable Earnings HI Tax Hanks, Timothy, President $147,540 $ Grath, John, VP Finance 129,120 James, Sally, VP Sales 69,600 Kimmel, Joan, VP Mfg. 54,000 Wie, Pam, VP Personnel 50,400 Grant, Mary, VP Secretary 48,000 b. Annual Salary Name and Title December 31 HI Taxable OASDI Tax Earnings OASDI Taxable Earnings HI Tax Hanks, Timothy, President $147,540 $ 129,120 Grath, John, VP Finance James, Sally, VP Sales 69,600 Kimmel, Joan, VP Mfg. 54,000 HI IT II TIIN Wie, Pam, VP Personnel 50,400 Grant, Mary, VP Secretary 48,000
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