Employee earnings records for Brantley Company reveal the following gross earnings for four employees through the pay

Question:

Employee earnings records for Brantley Company reveal the following gross earnings for four employees through the pay period of December 15.

Employee earnings records for Brantley Company reveal the follow

For the pay period ending December 31, each employee€™s gross earnings is $4,000. Employees are required to pay a FICA tax rate of 8% gross earnings of $106,800.
Instructions
Compute the FICA withholdings that should be made for each employee for the December 31 pay period. (Showcomputations.)

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Financial Accounting

ISBN: 978-0470507018

7th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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