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In 20-- the annual salaries paid each of the officers of Perez, Inc., follow. The officers...

In 20-- the annual salaries paid 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.

November 15
Name and Title Annual Salary OASDI Taxable
Earnings		 OASDI Tax HI Taxable
Earnings		 HI Tax
Perez, Paul, President $150,000   $ $ $ $
Donald, Donna, VP Finance 129,000  
Funke, Jack, VP Sales 76,800  
Weis, Al, VP Mfg. 92,400  
Lang, Hope, VP Personnel 78,000  
Lee, Amy, VP Secretary 52,800  


b.

December 31
Name and Title Annual Salary OASDI Taxable
Earnings		 OASDI Tax HI Taxable
Earnings		 HI Tax
Perez, Paul, President $150,000   $ $ $ $
Donald, Donna, VP Finance 129,000  
Funke, Jack, VP Sales 76,800  
Weis, Al, VP Mfg. 92,400  
Lang, Hope, VP Personnel 78,000  
Lee, Amy, VP Secretary 52,800  

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ekkarill92 answered 2 years ago
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