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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Employee earnings records for Slaymaker Company reveal the following gross earnings for four employees through the pay period of December 15.
|
J.Seligman |
$93,500 |
L.Marshall |
$108,100 |
|
R.Eby |
$106,600 |
T.Olson |
$112,500 |
For the pay period ending December 31, each employee"s gross earnings is $4,500. The FICA tax rate is 7.65% on gross earnings of $110,100.
Instructions
Compute the FICA withholdings that should be made for each employee for the December 31 pay period. (Show computations.)
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