The employees of Ethereal Bank are paid on a semimonthly basis. All employees are single. Required: Compute the FICA taxes for the employees for the November 30 payroll. All employees have been employed for the entire calendar year. (Round "Social Security Tax" and "Medicare Tax" to 2 decimal places.) Employee R. Bellagio B. Khumalo S. Schriver K. Saetang T. Ahmed M. Petrova Semimonthly Salary $ $ $ $ $ $ 9,511 6,711 7,350 7,800 10,300 8,650 YTD Pay for November 15 Pay Date Social Security Tax for November 30 Pay Date Medicare Tax for November 30 Pay Date

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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The employees of Ethereal Bank are paid on a semimonthly basis. All employees are single.
Required:
Compute the FICA taxes for the employees for the November 30 payroll. All employees have
been employed for the entire calendar year. (Round "Social Security Tax" and "Medicare
Tax" to 2 decimal places.)
Employee
R. Bellagio
B. Khumalo
S. Schriver
K. Saetang
T. Ahmed
M. Petrova
Semimonthly
Salary
$
$
$
$
$
$
9,511
6,711
7,350
7,800
10,300
8,650
YTD Pay for
November 15
Pay Date
Social Security
Tax for
November 30
Pay Date
Medicare Tax for
November 30
Pay Date
Transcribed Image Text:The employees of Ethereal Bank are paid on a semimonthly basis. All employees are single. Required: Compute the FICA taxes for the employees for the November 30 payroll. All employees have been employed for the entire calendar year. (Round "Social Security Tax" and "Medicare Tax" to 2 decimal places.) Employee R. Bellagio B. Khumalo S. Schriver K. Saetang T. Ahmed M. Petrova Semimonthly Salary $ $ $ $ $ $ 9,511 6,711 7,350 7,800 10,300 8,650 YTD Pay for November 15 Pay Date Social Security Tax for November 30 Pay Date Medicare Tax for November 30 Pay Date
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