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 OASDI Taxable HI Тахаble Name and Title Annual Salary OASDI Tax HI Tax Earnings Earnings $153,600 s 6,250 x $ 387.50 xS 6,250 x Perez, Paul, President 90.63 X Donald, Donna, VP Finance 134,400 5,375 x 333.25 x 5,375 X 77.94 X Funke, Jack, VP Sales 76,800 3,200 v 198.40 V 3,200 v 46.40 Weis, Al, VP Mfg. 92,400 3,850 V 238.70 V 3,850 V 55.83 V Lang, Hope, VP Personnel 78,000 3,250 V 201.50 V 3,250 V 47.13 V Lee, Amy, VP Secretary 52,800 2,200 V 136.40 V 2,200 v 31.90 最 b. December 31 OASDI Taxable HI Тахаble Name and Title Annual Salary OASDI Tax HI Tax Earnings Earnings $153,600 $ 6,250 xs Perez, Paul, President 90.63 x Donald, Donna, VP Finance 134,400 5,375 x 333.25 X 5,375 X 77.94 X Funke, Jack, VP Sales 76,800 3,200 V 198.40 V 3,200 v 46.40 V Weis, Al, VP Mfg. 92,400 3,850 V 238.70 V 3,850 V 55.83 V Lang, Hope, VP Personnel 78,000 3,250 V 201.50 V 3,280 x 47.13 V Iee Amy YP Serretany 52.800 2.200Y 2.200 31.90 136.40
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 OASDI Taxable HI Тахаble Name and Title Annual Salary OASDI Tax HI Tax Earnings Earnings $153,600 s 6,250 x $ 387.50 xS 6,250 x Perez, Paul, President 90.63 X Donald, Donna, VP Finance 134,400 5,375 x 333.25 x 5,375 X 77.94 X Funke, Jack, VP Sales 76,800 3,200 v 198.40 V 3,200 v 46.40 Weis, Al, VP Mfg. 92,400 3,850 V 238.70 V 3,850 V 55.83 V Lang, Hope, VP Personnel 78,000 3,250 V 201.50 V 3,250 V 47.13 V Lee, Amy, VP Secretary 52,800 2,200 V 136.40 V 2,200 v 31.90 最 b. December 31 OASDI Taxable HI Тахаble Name and Title Annual Salary OASDI Tax HI Tax Earnings Earnings $153,600 $ 6,250 xs Perez, Paul, President 90.63 x Donald, Donna, VP Finance 134,400 5,375 x 333.25 X 5,375 X 77.94 X Funke, Jack, VP Sales 76,800 3,200 V 198.40 V 3,200 v 46.40 V Weis, Al, VP Mfg. 92,400 3,850 V 238.70 V 3,850 V 55.83 V Lang, Hope, VP Personnel 78,000 3,250 V 201.50 V 3,280 x 47.13 V Iee Amy YP Serretany 52.800 2.200Y 2.200 31.90 136.40
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter13: Accounting For Payroll And Payroll Taxes
Section: Chapter Questions
Problem 4AP
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Transcribed Image Text: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
OASDI Taxable
HI Taxable
Name and Title
Annual Salary
OASDI Tax
HI Tax
Earnings
Earnings
Perez, Paul, President
$153,600
6,250 x $
387.50 X $
6,250| х $
90.63 X
Donald, Donna, VP Finance
134,400
5,375 x
333.25 Х
5,375 x
77.94 X
Funke, Jack, VP Sales
76,800
3,200 v
198.40 V
3,200 v
46.40 V
Weis, Al, VP Mfg.
92,400
3,850 V
238.70 V
3,850 V
55.83 V
Lang, Hope, VP Personnel
78,000
3,250 V
201.50 V
3,250 V
47.13 v
2,200 v
136.40 V
2,200 V
Lee, Amy, VP Secretary
52,800
31.90
b.
December 31
OASDI Taxable
HI Taxable
Name and Title
Annual Salary
OASDI Tax
HI Таx
Earnings
Earnings
Perez, Paul, President
$153,600
o v $
6,250 x $
90.63 X
Donald, Donna, VP Finance
134,400
5,375 x
333.25 х
5,375 x
77,94 x
Funke, Jack, VP Sales
76,800
3,200 V
198.40 V
3,200 V
46.40
Weis, Al, VP Mfg.
3,850
238.70
3,850 V
92,400
55.83
Lang, Hope, VP Personnel
78,000
3,250 V
201.50 V
3,280| х
47.13
Lee, Amy, VP Secretary
52,800
2,200
136,40
2,200 V
31.90
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