eBook Wage and Tax Statement Data on Employer FICA Tax Ehrlich Co. began business on January 2. 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 the following year, before the Wage and Tax Statements (Form W-2) could be prepared for distribution to employees and for filing 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% on salary. Data on dates of employment, salary rates, and employees' income taxes withheld, which are summarized as follows, were obtained from perponnel records and payroll records: Date First Employed Monthly Income Tax withheld Monthly Salary $6,000 Employee Arnett Nov. 16 $1,132 Cruz Jan. 2 4,600 798 Oct. 1 1,632 Edwards Harvin 8,200 5.900 1,052 Dec. 1 Feb. 1 Nicks 12,000 2,820 Mar. 1 11.300 2.533 Shiancoe Ward Nov. 16 4,700 788 Required: Next > 215 4 O Lu. 1. Compute the amounts to be reported for the year on each employee's Wage and Tax Statement (Form W-2). Enter amounts to the nearest cent if required. Enter all amounts as positive numbers. Employee Amett Gross Earnings Federal Income Tax Withheld Social Security Tax Withheld Medicare Tax Withheld Cruz Edwards Harvin Nicks Shiancoe Ward 2. Compute the following employer payroll taxes for the year: (a) social security, (b) Medicare, (c) state unemployment compensation at 5.45 on the first $10,000 of each employee's earnings, (d) federal unemployment compensation at 0.8% on the first $10,000 of each employee's earnings, and (e) total. Round your answers to two decimal places. (a) (c) (d) NET eBook required. Enter all amounts as positive numbers. Employee Gross Earnings Federal Income Tax Withheld Arnett Social Security Tax withheld Medicare Tax Withheld Cruz Edwards Harvin Nicks Shiancoe Ward 2. Compute the following emplover payroll taxes for the year (s) social security, b) Medicare, (c) state unemployment compensation at 5:45 on the first $10,000 of each employee's earnings, (d) foderal unemployment compensation at 0.8% on the first $10,000 of each employees earnings, and total. Round your answers to two decimal places. (a) (b) (c) (d) 25 PM o
