In 20-- the annual salaries paid each of the officers of Abrew, Inc., follow. The officers are
Question:
In 20-- the annual salaries paid each of the officers of Abrew, Inc., follow. The officers are paid semimonthly on the 15th and the last day of the month. Compute the FICA taxes to be withheld from each officer’s pay on (a) November 15 and (b) December 31.
a.
b.
Transcribed Image Text:
November 15 HI Тахable Earnings Annual OASDI Taxable Earnings OASDI Тах HI Name and Title Hanks, Timothy, President Grath, John, VP Finance Salary $151,200 132,000 Тах James, Sally, VP Sales Kimmel, Joan, VP Mfg. Wie, Pam, VP Personnel 54,000 51,600 Grant, Mary, VP Secretary 49,200 December 31 HI Taxable OASDI Taxable Earnings OASDI НI Annual Salary $151,200 Name and Title Hanks, Timothy, President Grath, John, VP Finance James, Sally, VP Sales Kimmel, Joan, VP Mfg. Wie, Pam, VP Personnel Grant, Mary, VP Secretary Tax Earnings Tax 69,600 54,000 49,200
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (7 reviews)
a b Name and Title Hanks Timothy President Grath John VP Finance James Sally VP Sales Kim...View the full answer
Answered By
Deborah Joseph
My experience has a tutor has helped me with learning and relearning. You learn everyday actually and there are changes that are made to the curriculum every time so being a tutor has helped in keeping me updated about the present curriculum and all.
I have also been able to help over 100 students achieve better grades particularly in the categories of Math and Biology both in their internal examinations and external examinations.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Ralph Henwood was paid a salary of $64,600 during 20-- by Odesto Company. In addition, during the year Henwood started his own business as a public accountant and reported a net business income of...
-
The taxable wages and withheld taxes for Stafford Company (EIN 00-0001462), semiweekly depositor, for the first quarter of 2018 follow. a. Complete Schedule B of Form 941 on page 3-51 for the first...
-
During 2018, Jordan Company was subject to the Alaska state unemployment tax of 4.2%. The companys taxable wages for FUTA were $86,700 and for SUTA, $171,000. Compute: a. SUTA tax that Jordan Company...
-
Modify BST to add a method size() that returns the number of key-value pairs in the symbol table. Use the approach of storing within each Node the number of nodes in the subtree rooted there.
-
Twelve patrons, six each with a $5 bill and the other six each with a $10 bill, are the first to arrive at a movie theater, where the price of admission is five dollars. In how many ways can these 12...
-
Claudia lives in Brazil and is going on holiday to India. She goes to the bank to change Brazilian currency Real (R) to Indian currency Rupee (r). The exchange rate is 1R = 17.4r. a. Write a function...
-
At 3:00 a.m. on November 22, 2010, 16-year-old Sydney McLemore was driving a Mazda3 with her friend, Natalie Hurst, in the front passenger seat. The vehicle was traveling south on Ross Bridge Highway...
-
Bonita Beauty Corporation manufactures cosmetic products that are sold through a network of sales agents. The agents are paid a commission of 18% of sales. The income statement for the year ending...
-
1. Write an integral using cylindrical coordinates that represents the volume between the surfaces z=x+ y and z = 6-x - y.
-
Geller and Patel CPAs (G&P) is a two-partner firm based in Edmonton. Jack, the audit partner at G&P, has been approached by Wen, a trustee of a local charity. Wen would like Jack to perform...
-
Ernie Gilmore began working as a part-time waiter on June 1, 2018, at Sporthouse Restaurant. The cash tips of $390 that he received during June were reported on Form 4070, which he submitted to his...
-
The monthly and hourly wage schedule for the employees of Quirk, Inc., follows. No employees are due overtime pay. Compute the following for the last monthly pay of the year: a. The total wages of...
-
A rigid tank initially contains 1.4-kg saturated liquid water at 200°C. At this state, 25 percent of the volume is occupied by water and the rest by air. Now heat is supplied to the water until...
-
Evaluate the integral cot(y) csc(y)dy
-
Calculate Gross Pay for a Piecework Employee Calculate gross pay for each employee. All are paid overtime wage rates that are 1 . 5 times their respective regular wage rates. NOTE: For simplicity,...
-
explain how the output for this code is 10? public class F { public static void main(String[] args) { k = 0; for (int i = 0; i < 10; i++) { for (int j = 0; j < 5; j++) { if (j % 2 == 0) { continue;...
-
In setting standards and if there is a labor union contract how does a company increase the expectations of its operational units? Any thoughts?
-
What resource is essential for up-to-date investment information and investment research?
-
Discuss how online, mobile, and social media tools are changing the selling function?
-
The following table shows the rates of total return in successive years from 2004 to 2008 for the Sprott Canadian Equity Fund and for the benchmark Toronto Stock Exchange S&P/TSX Composite Index. By...
-
The following time card shows the time worked one week by Hal Carsom. The employer disregards any time before 8:00 A.M. or between 12:00 and 1:00 P.M. and after 5:00 P.M. Employees do not begin work...
-
For the past several weeks, Adele Delgado, payroll manager for Petrillo Packing Company, has been studying the mounting costs of accrued vacations and sick leave. Most of her firm's employees are...
-
Huche Company allows its employees to carry over unused personal time off (PTO) days (vacation, sick days, etc.) from year to year. In addition, employees have the option to "cash out" their unused...
-
Quantitative Problem 1: Assume today is December 31, 2019. Barrington Industries expects that its 2020 after tax operating income [EBIT(1-T)] will be $400 million and its 2020 depreciation expense...
-
Diversity in the Workplace Share an article that shows an example of the importance of cultural diversity in the global workplace. As Christians, how can we promote diversity in our future workplaces?
-
There is a need for a parking lot within a given town. A land in a suitable location is available for purchase that they could pave to provide some additional parking. Based on a survey of local...
Study smarter with the SolutionInn App