Employee earnings records for Brantley Restaurants reveal the following gross earnings for four employees through the pay period of December 15:
|
C. Mays |
$83,500 |
D. Delgado |
$86,100 |
|
L. Jeter |
$85,600 |
T. Rollin |
$87,000 |
For the pay period ending December 31, each employee’s gross earnings is $3,000. The FICA tax rate is 8 percent on gross earnings of $87,900.
Instructions
Compute the FICA withholdings that should be made for each employee for the December 31 pay period. (Show computations.)