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. Round your answers to the nearest cent. If an amount is zero, enter "0". a. November 15 Annual OASDI Taxable HI Taxable Name and Title OASDI Tax HI Tax Salary Earnings Earnings Hanks, Timothy, President $152,400 S Grath, John, VP Finance 138,240 James, Sally, VP Sales 68,400 Kimmel, Joan, VP Mfg. 52,800 Wie, Pam, VP Personnel 54,000 Grant, Mary, VP Secretary 36.000 b. December 31 Annual OASDI Taxable HI Tахable Name and Title OASDI Tax HI Tax Salary Earnings Earnings Hanks, Timothy, President $152,400 s Grath, John, VP Finance 138,240 James, Sally, VP Sales 68,400 Kimmel, Joan, VP Mfg. 52,800 Wie, Pam, VP Personnel 54,000 Grant, Mary, VP Secretary 36,000

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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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.
Round your answers to the nearest cent. If an amount is zero, enter "0".
а.
November 15
Annual
OASDI Taxable
HI Taxable
Name and Title
OASDI Tax
HI Таx
Salary
Earnings
Earnings
Hanks, Timothy, President
$152,400
$
Grath, John, VP Finance
138,240
James, Sally, VP Sales
68,400
Kimmel, Joan, VP Mfg.
52,800
Wie, Pam, VP Personnel
54,000
Grant, Mary, VP Secretary
36,000
b.
December 31
Annual
OASDI Taxable
HI Taxable
Name and Title
OASDI Tax
HI Таx
Salary
Earnings
Earnings
Hanks, Timothy, President
$152,400
Grath, John, VP Finance
138,240
James, Sally, VP Sales
68,400
Kimmel, Joan, VP Mfg.
52,800
Wie, Pam, VP Personnel
54,000
Grant, Mary, VP Secretary
36,000
Feedback
V Check My Work
Transcribed Image Text: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. Round your answers to the nearest cent. If an amount is zero, enter "0". а. November 15 Annual OASDI Taxable HI Taxable Name and Title OASDI Tax HI Таx Salary Earnings Earnings Hanks, Timothy, President $152,400 $ Grath, John, VP Finance 138,240 James, Sally, VP Sales 68,400 Kimmel, Joan, VP Mfg. 52,800 Wie, Pam, VP Personnel 54,000 Grant, Mary, VP Secretary 36,000 b. December 31 Annual OASDI Taxable HI Taxable Name and Title OASDI Tax HI Таx Salary Earnings Earnings Hanks, Timothy, President $152,400 Grath, John, VP Finance 138,240 James, Sally, VP Sales 68,400 Kimmel, Joan, VP Mfg. 52,800 Wie, Pam, VP Personnel 54,000 Grant, Mary, VP Secretary 36,000 Feedback V Check My Work
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