Compute the FICA taxes for
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:K
t
ht
ences
The employees of Ethereal Bank are paid on a semimonthly basis. All employees are single. There are no pre-tax deductions.
Required:
Compute the FICA taxes for the employees for the November 30 payroll. All employees have been employed for the entire calendar
year.
Note: Round "Social Security Tax" and "Medicare Tax" to 2 decimal places.
Employee
R. Bellagio
B. Khumalo
S. Schriver
K. Saetang
T. Ahmad
M. Petrova
Semimonthly
Pay
$
$
$
$
$
$
9,519
6,719
6,838
8,200
10,700
9,050
YTD Pay for
November 15
Pay Date
Social Security
Tax for
November 30
Pay Date
Medicare Tax for
November 30
Pay Date
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