11.6
Wage and Tax Statement Data on Employer FICA TOX Ehrlich Co. began business on January 2, 2078. Salaries were paid to employees on the last day of each month, and social security tax, Medicare tax, and federal Income tax were withheld in the required amounts. An employee who is hired in the middle of the month receives half the monthly salary for that month. All required payroll tax reports were filed, and the correct amount of payroll taxes was remitted by the company for the calendar year. Early in 2019, before the Wage and Tax Statements (Form W-2) could be prepared for distribution to employees and for fing with the Social Security Administration, the employees' earnings records were inadvertently destroyed. None of the employees resigned or were discharged during the year, and there were no changes in salary rates. The social security tax was withheld at the rate of 6.0% and Medicare tax at the rate of 1.5%. Data on dates of employment, solary rates, and employees' income taxes withheld, which are summarized as follows, were obtained from personnel records and payroll records: Monthly Income Date First Monthly Employee Employed Salary withheld Amett $3,600 $504 Oct. 1 5,800 1,044 Edwards 2,200 Harvin 2,200 275 Nicks 1,271 Shianco Dec 1 3,700 Feb. 1 6,600 1,419 Required: Tax Jan. 2 Cruz Apr. 16 275 Nov. 1 Jan 16 5,650 574 Ward 1. Determine the amounts to be reported on each employee's Wage and Tax Statement (Form W-2) for 20Y8. Round amounts to the nearest whole dollar and enter all amounts as positive values Required: 1. Determine the amounts to be reported on each employee's Wage and Tax Statement (Form W-2) for 2018. Round amounts to the nearest whole dollar and enter all amounts as positive values. Gross Federal Income Social Security Medicare Employee Earnings Tax Withheld Tax Withheld Tax withheld Arnett 43,200 6,048 2,592 648 Cruz Edwards Harvin 4,400 550 264 66 Nicks Shiancoe Ward 2. Compute the following employer payroll taxes for the year (a) social security; (b) Medicare; (c) state unemployment compensation at 5.4% on the fiest $10,000 of each employee's earnings: (d) federal unemployment compensation at 0.6% on the first $10,000 of each employee's earnings: (e) total. Round amounts to the nearest whole dollar and enter all amounts as positive values. (a) (b) (c) (d) (e)s