Question

In 20-- the annual salaries paid each of the officers of Abrew, Inc., follow. The officers are paid semimonthly on the 15th and the last day of the month. Compute the FICA taxes to be withheld from each officer's pay on (a) November 15 and (b) December 31.

A.	15-Nov
Name and Title	Annual Salary	OASDI Taxable Earnings	OASDI Tax	HI Taxable Earnings	HI Tax
Hanks, Timothy, President	$        151,200.00	$             6,300.00	$                390.60
Grath, John VP Finance	$        132,000.00	$             5,500.00	$                341.00
James, Sally, VP Sales	$          69,600.00	$             2,900.00	$                179.80
Kimmel, Joan VP MFG	$          54,000.00	$             2,250.00	$                139.50
Wie, Pam, VP Personnel	$          51,600.00	$             2,150.00	$                133.30
Grant, Mary, VP Secretary	$          49,200.00	$             2,050.00	$                127.10
B.	31-Dec
Name and Title	Annual Salary	OASDI Taxable Earnings	OASDI Tax	HI Taxable Earnings	HI Tax
Hanks, Timothy, President	$        151,200.00
Grath, John VP Finance	$        132,000.00
James, Sally, VP Sales	$          69,600.00
Kimmel, Joan VP MFG	$          54,000.00
Wie, Pam, VP Personnel	$          51,600.00
Grant, Mary, VP Secretary	$          49,200.00

Answer 1

If we take 2017 as base year, as year not mentioned so for OASDI limit is $127200
	15-Nov
Name and Title	Annual	Salary Upto Oct 31 Salary/24*20 months	Semimontly salary =salary/24	OASDI Taxable O	OASDI Tax	HI Taxable	HI Tax
	Salary			Earnings	(O*6.2%)	Earnings H	H*1.45%
Hanks, Timothy, President	$151,200	$126,000	$6,300	$1,200	$74.40	$6,300	$91.35
				(127200-126000)
Grath, John VP Finance	132,000	$110,000	$5,500	$5,500	$341.00	$5,500	$79.75
James, Sally, VP Sales	69,600	$58,000	$2,900	$2,900	$179.80	$2,900	$42.05
Kimmel, Joan VP MFG	54,000	$45,000	$2,250	$2,250	$139.50	$2,250	$32.63
Wie, Pam, VP Personnel	51,600	$43,000	$2,150	$2,150	$133.30	$2,150	$31.18
Grant, Mary, VP Secretary	49,200	$41,000	$2,050	$2,050	$127.10	$2,050	$29.73
				31-Dec
Name and Title	Annual	OASDI Taxable O	OASDI Tax	HI Taxable	HI Tax
	Salary	Earnings	(O*6.2%)	Earnings H	H*1.45%
Hanks, Timothy, President	$151,200	0	0	$6,300	91.35
Grath, John VP Finance	132,000	700	$43.40	$700	$10.15
		(127200-(132000-5500))
James, Sally, VP Sales	69,600	2,900	$179.80	$2,900	$42.05
Kimmel, Joan VP MFG	54,000	2,250	$139.50	$2,250	$32.63
Wie, Pam, VP Personnel	51,600	2,150	$133.30	$2,150	$31.18
Grant, Mary, VP Secretary	49,200	2,050	$127.10	$2,050	$29.73
If any doubt please comment