Employee earnings records for Slaymaker Company reveal the following gross earnings for four employees through the pay
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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 6.2% on gross earnings of $117,000, plus an additional 1.45% on all salaries and wages without limitation.
Compute the FICA withholdings that should be made for each employee for the December 31 pay period.?
Related Book For
College Accounting
ISBN: 978-1111528126
11th edition
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
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