Compute the fica withholdings


Employee earnings records for Medenciy Company reveal the following gross earnings for four employees through the pay period of December 15.

  • C. Ogle $93,500 D. Delgado $96,100
  • L. Jeter $97,600 T. Spivey $104,000

For the pay period ending December 31, each employee's gross earnings is $4,000.The FICA tax rate is 8% on gross earnings of $100,000.

Instructions

Compute the FICA withholdings that should be made for each employee for the December 31 pay period. (If answer is zero, please enter 0. Do not leave any fields blank.)

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Compute the fica withholdings
Reference No:- TGS0705527

Expected delivery within 24 Hours