The employees of Lillian's Interiors are paid on a semimonthly basis. Required: Compute the FICA taxes for the employees for December 31, 2022, pay period. All employees are single and have been employed for the entire calendar year. Note: Round "Social Security Tax" and "Medicare Tax" to 2 decimal places.
The employees of Lillian's Interiors are paid on a semimonthly basis. Required: Compute the FICA taxes for the employees for December 31, 2022, pay period. All employees are single and have been employed for the entire calendar year. Note: Round "Social Security Tax" and "Medicare Tax" to 2 decimal places.
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter13: Accounting For Payroll And Payroll Taxes
Section13.3: Reporting Withholding And Payroll Taxes
Problem 1OYO
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The employees of Lillian's Interiors are paid on a semimonthly basis.
Required:
Compute the FICA taxes for the employees for December 31, 2022, pay period. All employees are single and have been employed for the entire calendar year.
Note: Round "Social Security Tax" and "Medicare Tax" to 2 decimal places.
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