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Compute the FICA withholdings

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

J. Seligman $92,800

L. Marshall $115,700

R. Eby $114,500

T. Olson $125,500

For the pay period ending December 31, each employee's gross earnings is $4,500. The FICA tax rate is 6.2% on gross earnings of $117,000, plus an additional 1.45% on all salary and wages without limitation.

Required - Compute the FICA withholdings that should be made for each employee for the December 31 pay period.

Reference no: EM132531526

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