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Please help. Wage and tax statement data on employer FICA tax Ehrlich Co. began business on January 2. 2013. Salaries were paid to employees on
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Wage and tax statement data on employer FICA tax Ehrlich Co. began business on January 2. 2013. 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 2014. before the Wage and Tax Statements (Form W-2) could Ik* 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, an no changes in salary rates. The social security tax was withheld at the rate o. Medicare tax at the rate of 1.5%. Data on dates of employment, salary rates, amin ployees' income taxes withheld, which are summarized as follows, were o tainc rom personnel records and payroll recordsStep by Step Solution
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