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, salary rates, and employees' income taxes withheld, which are summarized as follows, were obtained from personnel records and payroll records: Employee Date First Monthly Salary Monthly Federal Employed Income Tax Withheld Arnett $ 5,500 $ 944 Nv. 16 Cruz Jan. 4,800 833 Edwards Oct. 1 8,000 1,592 Harvin Dec. 1 6,000 1,070 Nicks Feb. 1 10,000 2,350 Shiancoe Mar. 1 11,600 2,600 Ward Nov. 16 5,220 876 Instructions 1. Determine the amounts to be reported on cach employee's Wage and Tax Statement (Form W-2) for 20Y8, arranging the data in the following form: Employee Gross Earnings Federal Income Social Security Medicare Tax Tax Withheld Tax Withheld Withheld 2. Compute the following employer payroll taxes for the year: (a) social security; (b) Medicare; (c) state unemployment compensation at 5.4% on the first S10,000 of each employee's carnings; (d) federal unemployment compensation at 0.6% on the first $10,000 of each employee's carnings: (e) total. Pr. 11-3A Problem 11-34 Name: Section: Score: 0% Kay Code Key code ere Iwetions Answers are entered in the cells with gray backgrounds. |Cels with non-gray backgrounds are protected and cannot be edited. An asterisk () wil appaar to the right of an incorrect entry Amounts to Be Reported on Wage and Tax Statements (Form W-2) Gross Federal Income Social Security Madicare Employee Earnings Tax Withheld Tax Withheld Tax Withheld Amett Cruz Edwards Harvin Nicks Shiancoe Ward Totals Employer Payroll Taxes Social security tax paid by employer b. Medicare tax paid by employer C. and d. SUTAJFUTA Employee Earnings Armett Cruz Edwards Harvin Nicks Shiancoe State unemployment compensation tax Ward Total Federal unemployment compensation tax e. Total employer payroll taxes