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

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

C. Mendez $93,500 D. Roberts $99,100
L. Church $98,600 T. Windsor $100,000

For the pay period ending December 31, each employee’s gross earnings is $3,000. The FICA tax rate is 8% on gross earnings of $100,000.

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

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Accounting Tools for business decision making

ISBN: 978-0470095461

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Authors: kimmel, weygandt, kieso

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Question Posted: Nov 08, 2022 12:38 AM

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

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Accounting Tools for business decision making

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