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Employee earnings records for Concord Company reveal the following gross earnings for four employees through the pay period of December 15. J. Seligman R. Eby J. Seligman L. Marshall $91,900 $114,100 For the pay period ending December 31, each employee's gross earnings is $4,500. The 7.65% FICA tax rate consists of the Social Security tax rate of 6.20% on salaries and wages up to $128,400 and the Medicare tax rate of 1.45% on all salaries and wages. R. Eby Compute the FICA withholdings that should be made for each employee for the December 31 pay period. (Round answers to 2 decimal places, e.g. 52.75.) T. Olson $ $ LA $ L. Marshall $ LA T: Olson $125,000 $130,100

Employee earnings records for Concord Company reveal the following gross earnings for four employees through the pay period of December 15 For the pay period ending December 31 , each employee's gross earnings is $4,500. The 7.65% FICA tax rate consists of the Social Security tax rate of 6.20% on salaries and wages up to $128,400 and the Medicare tax rate of 1.45% on all salaries and wages. Compute the FICA withholdings that should be glade for each employee for the December 31 pay period. (Round answers to 2 decimal places, e.g. 52.75.) J. Seligman \$ L.Marshall $ R. Eby $ T. Olson \$

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