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.)