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- write an over all conclusion for the data providedIn 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 Name and Title AnnualSalary OASDI TaxableEarnings OASDI Tax HI TaxableEarnings HI Tax Hanks, Timothy, President $152,520 $ $ $ $ Grath, John, VP Finance 137,760 James, Sally, VP Sales 68,400 Kimmel, Joan, VP Mfg. 58,800 Wie, Pam, VP Personnel 52,800 Grant, Mary, VP Secretary 45,600 b. December 31 Name and Title AnnualSalary OASDI TaxableEarnings OASDI Tax HI TaxableEarnings HI Tax Hanks, Timothy, President $152,520 $ $ $ $ Grath, John, VP Finance 137,760 James, Sally, VP Sales 68,400 Kimmel, Joan, VP Mfg. 58,800 Wie, Pam, VP Personnel 52,800…1. During 20--, Garr was paid a weekly salary of $2,540. The amount of FICA to be withheld from the following payments is: OASDI? HI?(a) For the 50th week (b) For the 51st week (c) For the 52nd week
- Using exact time, the due date of a loan that is made on February 10 of a leap year and is due in 60 days is on Blank 1. Blank 1 Add your answerOn a 365-day basis, if payment is made on the twentieth day under trade credit terms of 2/10, net 30. How many compounding periods are there in a year? * O 7.3 O 18.25 O 73 O 12.17 O 36.5How many days in a year excluding only Sundays
- 11. During the month. the company paid for the monthly renta! of a dormitory. which is being occupied by the supervisor in the amount of P10,000. It also provided fringe benefit to a clerk amounting to P3,000. The deductible expense of the company is - P 15,692 12,692 а. C. 13,000 b. d. 7.200 CS Scanned with CamScannerComplete the following: (Use Table 7.1) Invoice Date goods are received Terms Last day of discount period Final day bill is due (end of credit period) June 18 1/10, n/30In 20--, the annual salaries paid to each of the officers of Perez, 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. If an amount is zero, enter "0". Enter all earnings and taxes to two decimal places. a. Name and Title Perez, Paul, President Donald, Donna, VP Finance Funke, Jack, VP Sales Weis, Al, VP Mfg. Lang, Hope, VP Personnel Lee, Amy, VP Secretary b. Name and Title Perez, Paul, President Donald, Donna, VP Finance Funke, Jack, VP Sales Weis, Al, VP Mfg. Annual Salary $186,000 162,000 76,800 92,400 78,000 52,800 Annual Salary $186,000 162,000 76,800 92,400 OASDI Taxable Earnings $ 17,300 X OASDI Taxable Earnings $ $ November 15 OASDI Tax $ OASDI Tax $ $ December 31 HI Taxable Earnings HI Taxable Earnings $ HI Tax HI Tax