Employee earnings records for Cornelius Company reveal the following gross earnings for four employees through the pay
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Employee earnings records for Cornelius 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 $4,000. The FICA tax rate is 8% on gross earnings of $100,000.InstructionsCompute the FICA withholdings that should be made for each employee for the December 31 pay period. (Showcomputations.)
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Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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