The employees of Ethereal Bank are paid on a semimonthly basis. All employees are single. Required: Compute the FICA taxes for the employees for the November 30 payroll. All employees have been employed for the entire calendar year. (Round "Social Security Tax" and "Medicare Tax" to 2 decimal places.) Social Security YTD Pay for November 15 Tax for November 30 Medicare Tax for November 30 Employee Semimonthly Salary Pay Date Pay Date Pay Date R. Bellagio $ 9,520 B. Khumalo $ 6,720 S. Schriver $ 7,800 K. Saetang $ 8,250 T. Ahmed $ 10,750 M. Petrova $ 9,100

The employees of Ethereal Bank are paid on a semimonthly basis. All employees are single. Required: Compute the FICA taxes for the employees for the November 30 payroll. All employees have been employed for the entire calendar year. (Round "Social Security Tax" and "Medicare Tax" to 2 decimal places.) Social Security YTD Pay for November 15 Tax for November 30 Medicare Tax for November 30 Employee Semimonthly Salary Pay Date Pay Date Pay Date R. Bellagio $ 9,520 B. Khumalo $ 6,720 S. Schriver $ 7,800 K. Saetang $ 8,250 T. Ahmed $ 10,750 M. Petrova $ 9,100

College Accounting (Book Only): A Career Approach

12th Edition

ISBN:9781305084087

Author:Cathy J. Scott

Publisher:Cathy J. Scott

Chapter7: Employee Earnings And Deductions

Section: Chapter Questions

Problem 3E

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