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Employee earnings records for medenciy company reveal

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Reference no: EM131129030

1. 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. (Show computations.) 

Reference no: EM131129030

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