In 20--, the annual salaries paid to 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 Name and Title AnnualSalary OASDI TaxableEarnings OASDI Tax HI TaxableEarnings HI Tax Hanks, Timothy, President $189,600 fill in the blank 1 of 24$ fill in the blank 2 of 24$ fill in the blank 3 of 24$ fill in the blank 4 of 24$ Grath, John, VP Finance 165,600 fill in the blank 5 of 24$ fill in the blank 6 of 24$ fill in the blank 7 of 24$ fill in the blank 8 of 24$ James, Sally, VP Sales 69,600 fill in the blank 9 of 24$ fill in the blank 10 of 24$ fill in the blank 11 of 24$ fill in the blank 12 of 24$ Kimmel, Joan, VP Mfg. 54,000 fill in the blank 13 of 24$ fill in the blank 14 of 24$ fill in the blank 15 of 24$ fill in the blank 16 of 24$ Wie, Pam, VP Personnel 51,600 fill in the blank 17 of 24$ fill in the blank 18 of 24$ fill in the blank 19 of 24$ fill in the blank 20 of 24$ Grant, Mary, VP Secretary 49,200 fill in the blank 21 of 24$ fill in the blank 22 of 24$ fill in the blank 23 of 24$ fill in the blank 24 of 24$ b.     December 31 Name and Title AnnualSalary OASDI TaxableEarnings OASDI Tax HI TaxableEarnings HI Tax Hanks, Timothy, President $189,600 fill in the blank 1 of 24$ fill in the blank 2 of 24$ fill in the blank 3 of 24$ fill in the blank 4 of 24$ Grath, John, VP Finance 165,600 fill in the blank 5 of 24$ fill in the blank 6 of 24$ fill in the blank 7 of 24$ fill in the blank 8 of 24$ James, Sally, VP Sales 69,600 fill in the blank 9 of 24$ fill in the blank 10 of 24$ fill in the blank 11 of 24$ fill in the blank 12 of 24$ Kimmel, Joan, VP Mfg. 54,000 fill in the blank 13 of 24$ fill in the blank 14 of 24$ fill in the blank 15 of 24$ fill in the blank 16 of 24$ Wie, Pam, VP Personnel 51,600 fill in the blank 17 of 24$ fill in the blank 18 of 24$ fill in the blank 19 of 24$ fill in the blank 20 of 24$ Grant, Mary, VP Secretary 49,200 fill in the blank 21 of 24$

PAYROLL ACCT.,2019 ED.(LL)-TEXT
19th Edition
ISBN:9781337619783
Author:BIEG
Publisher:BIEG
Chapter3: Social Security Taxes
Section: Chapter Questions
Problem 10PA: The monthly and hourly wage schedule for the employees of Quirk, Inc., follows. No employees are due...
icon
Related questions
Question

In 20--, the annual salaries paid to 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

Name and Title
Annual
Salary
OASDI Taxable
Earnings

OASDI Tax
HI Taxable
Earnings

HI Tax
Hanks, Timothy, President $189,600 fill in the blank 1 of 24$ fill in the blank 2 of 24$ fill in the blank 3 of 24$ fill in the blank 4 of 24$
Grath, John, VP Finance 165,600 fill in the blank 5 of 24$ fill in the blank 6 of 24$ fill in the blank 7 of 24$ fill in the blank 8 of 24$
James, Sally, VP Sales 69,600 fill in the blank 9 of 24$ fill in the blank 10 of 24$ fill in the blank 11 of 24$ fill in the blank 12 of 24$
Kimmel, Joan, VP Mfg. 54,000 fill in the blank 13 of 24$ fill in the blank 14 of 24$ fill in the blank 15 of 24$ fill in the blank 16 of 24$
Wie, Pam, VP Personnel 51,600 fill in the blank 17 of 24$ fill in the blank 18 of 24$ fill in the blank 19 of 24$ fill in the blank 20 of 24$
Grant, Mary, VP Secretary 49,200 fill in the blank 21 of 24$ fill in the blank 22 of 24$ fill in the blank 23 of 24$ fill in the blank 24 of 24$


b.

    December 31

Name and Title
Annual
Salary
OASDI Taxable
Earnings

OASDI Tax
HI Taxable
Earnings

HI Tax
Hanks, Timothy, President $189,600 fill in the blank 1 of 24$ fill in the blank 2 of 24$ fill in the blank 3 of 24$ fill in the blank 4 of 24$
Grath, John, VP Finance 165,600 fill in the blank 5 of 24$ fill in the blank 6 of 24$ fill in the blank 7 of 24$ fill in the blank 8 of 24$
James, Sally, VP Sales 69,600 fill in the blank 9 of 24$ fill in the blank 10 of 24$ fill in the blank 11 of 24$ fill in the blank 12 of 24$
Kimmel, Joan, VP Mfg. 54,000 fill in the blank 13 of 24$ fill in the blank 14 of 24$ fill in the blank 15 of 24$ fill in the blank 16 of 24$
Wie, Pam, VP Personnel 51,600 fill in the blank 17 of 24$ fill in the blank 18 of 24$ fill in the blank 19 of 24$ fill in the blank 20 of 24$
Grant, Mary, VP Secretary 49,200 fill in the blank 21 of 24$
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
PAYROLL ACCT., 2019 ED.(LL)-TEXT
PAYROLL ACCT., 2019 ED.(LL)-TEXT
Accounting
ISBN:
9781337619783
Author:
BIEG
Publisher:
CENGAGE L
College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781305084087
Author:
Cathy J. Scott
Publisher:
Cengage Learning
College Accounting, Chapters 1-27 (New in Account…
College Accounting, Chapters 1-27 (New in Account…
Accounting
ISBN:
9781305666160
Author:
James A. Heintz, Robert W. Parry
Publisher:
Cengage Learning
Century 21 Accounting Multicolumn Journal
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:
9781337679503
Author:
Gilbertson
Publisher:
Cengage
Financial Accounting
Financial Accounting
Accounting
ISBN:
9781305088436
Author:
Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:
Cengage Learning