Question

Employee earnings records for Slaymaker Company reveal the following gross earnings for four employees through the pay period of December 15.
J. Seligman ...... $ 93,500
R. Eby ........ $106,600
L. Marshall ...... $108,100
T. Olson ........ $112,500
For the pay period ending December 31, each employee’s gross earnings is $4,500. The FICA tax rate is 7.65% on gross earnings of $110,100.

Instructions
Compute the FICA withholdings that should be made for each employee for the December 31 pay period. (Showcomputations.)


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  • CreatedJanuary 30, 2014
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