11-4 Employee earnings records for Brantley Restaurants reveal the following gross earnings for four employces through the pay period of December 15: C. Mays L Jeter D. Delgado T. Rolen $86,100 $87,000 $83,500 $85,600 For the pay period ending December 31, cach employee's gross earnings is $3.000. The FICA tax rate is 8 percent on gross earnings of $87,900. Instructions Compute the FICA withholdings that should be made for each employee for the December 31 pay period. (Show computations.)
11-4 Employee earnings records for Brantley Restaurants reveal the following gross earnings for four employces through the pay period of December 15: C. Mays L Jeter D. Delgado T. Rolen $86,100 $87,000 $83,500 $85,600 For the pay period ending December 31, cach employee's gross earnings is $3.000. The FICA tax rate is 8 percent on gross earnings of $87,900. Instructions Compute the FICA withholdings that should be made for each employee for the December 31 pay period. (Show computations.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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11-4 Employee earnings records for Brantley Restaurants reveal the following gross earnings for four employces through the pay period of December 15: C. Mays L Jeter D. Delgado T. Rolen $86,100 $87,000 $83,500 $85,600 For the pay period ending December 31, cach employee's gross earnings is $3.000. The FICA tax rate is 8 percent on gross earnings of $87,900. Instructions Compute the FICA withholdings that should be made for each employee for the December 31 pay period. (Show computations.)
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