Please help. I dont understand 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 15AnnualOASDI TaxableHI TaxableName and TitleOASDI TaxHI ТаxSalaryEarningsEarningsHanks, Timothy, President$152,400$Grath, John, VP Finance138,240James, Sally, VP Sales68,400Kimmel, Joan, VP Mfg.52,800Wie, Pam, VP Personnel54,000Grant, Mary, VP Secretary36,000b.December 31AnnualOASDI TaxableHI TaxableName and TitleOASDI TaxHI ТаxSalaryEarningsEarningsHanks, Timothy, President$152,400Grath, John, VP Finance138,240James, Sally, VP Sales68,400Kimmel, Joan, VP Mfg.52,800Wie, Pam, VP Personnel54,000Grant, Mary, VP Secretary36,000FeedbackV Check My Work

The FICA is the federal law that requires an employer to withhold three separate taxes from the…

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

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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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