Employee earnings records for Slaymaker Company reveal the following gross earnings for four employees through the pay
Question:
Employee earnings records for Slaymaker Company reveal the following gross earnings for four employees through the pay period of December 15.
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 $117,000.
Instructions
Compute the FICA withholdings that should be made for each employee for the December 31 pay period.
Transcribed Image Text:
J. Seligman R. Eby $93,500 $113,600 L. Marshall $115,100 T. Olson $120,000
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Related Book For
Accounting Principles
ISBN: 978-1118875056
12th edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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