8
The employees of Ethereal Bank are paid on a semimonthly basis. All employees are single. There are no pre-tax deductions.
Required:
Compute the FICA taxes for the employees for the November 30 payroll. All employees have been employed for the entire calendar
year
Note: Round "Social Security Tax" and "Medicare Tax" to 2 decimal places.
Social Security
Semimonthly
Employee
Pay
YTD Pay for
November 15
Pay Date
Tax for
November 30
Pay Date
Medicare Tax for
November 30
Pay Date
R. Bellagio
$ 9,515
B. Khumalo
$ 6,715
S. Schriver
$ 6,830
K. Saetang
$ 7,100
T. Ahmad
$ 10,500
M. Petrova
$ 8,850