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Compute the FICA withholdings

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Reference no: EM132463295

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

T. Tucke      r$ 105,700D.

Paiva           $125,700B.

Bitney          $124,400N.

Doane          $128,200

  • For the pay period ending December 31, each employee's gross earnings is $4,800. The FICA tax rate is 7.65% on gross earnings of $127,200.

Question 1: Compute the FICA withholdings that should be made for each employee for the December 31 pay period. (Round answers to 2 decimal places, e.g. 52.75.)

T. Tucker$

D. Paiva$

B. Bitney$

N. Doane$

 

Reference no: EM132463295

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