November 15 HI Таxаble Annual OASDI Taxable OASDI Тах HI Name and Title Salary Earnings Earnings Тах Hanks, Timothy, President Grath, John, VP Finance James, Sally, VP Sales Kimmel, Joan, VP Mfg. Wie, Pam, VP Personnel Grant, Mary, VP Secretary $151,200 132,000 69,600 54,000 51,600 49,200 December 31 HI OASDI Taxable Earnings Тахable Earnings Annual OASDI Тах HI Тах Name and Title Salary Hanks, Timothy, President Grath, John, VP Finance James, Sally, VP Sales Kimmel, Joan, VP Mfg. Wie, Pam, VP Personnel Grant, Mary, VP Secretary $151,200 132,000 69,600 54,000 51,600 49,200

Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter13: Accounting For Payroll And Payroll Taxes
Section: Chapter Questions
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In 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.

November 15
HI
Таxаble
Annual
OASDI Taxable
OASDI
Тах
HI
Name and Title
Salary
Earnings
Earnings
Тах
Hanks, Timothy, President
Grath, John, VP Finance
James, Sally, VP Sales
Kimmel, Joan, VP Mfg.
Wie, Pam, VP Personnel
Grant, Mary, VP Secretary
$151,200
132,000
69,600
54,000
51,600
49,200
December 31
HI
OASDI Taxable
Earnings
Тахable
Earnings
Annual
OASDI
Тах
HI
Тах
Name and Title
Salary
Hanks, Timothy, President
Grath, John, VP Finance
James, Sally, VP Sales
Kimmel, Joan, VP Mfg.
Wie, Pam, VP Personnel
Grant, Mary, VP Secretary
$151,200
132,000
69,600
54,000
51,600
49,200
Transcribed Image Text:November 15 HI Таxаble Annual OASDI Taxable OASDI Тах HI Name and Title Salary Earnings Earnings Тах Hanks, Timothy, President Grath, John, VP Finance James, Sally, VP Sales Kimmel, Joan, VP Mfg. Wie, Pam, VP Personnel Grant, Mary, VP Secretary $151,200 132,000 69,600 54,000 51,600 49,200 December 31 HI OASDI Taxable Earnings Тахable Earnings Annual OASDI Тах HI Тах Name and Title Salary Hanks, Timothy, President Grath, John, VP Finance James, Sally, VP Sales Kimmel, Joan, VP Mfg. Wie, Pam, VP Personnel Grant, Mary, VP Secretary $151,200 132,000 69,600 54,000 51,600 49,200
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