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$
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$
Chapter4: Income Tax Withholding
Section: Chapter Questions
Problem 5PB
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$ |
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