pr 10-03a

Wage and Tax Statement Data on Employer FICATE Enrich Co. began business on January 2. Saaries 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 mounts. An employee who hired in the middle of the month receives half the monthly salary for that month All required by 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 Wege and the statements (Form W- could be prepared for distribution to employees and for fling with the Social Security Administration, the employees camins records were inadvertently destroyed None of the employees resigned or were discharged during the year, and there were no changes in salty rates. The social security tax was withheld at the rate of 60% and Medicare tax at the rate of 1.5% on salary, Data on dutes of employment, car rites, and employees' income taxes withheld, which are summarted as follows, were obtained from personnes records and payroll records Employee Date First Employed Monthly Salary Monthly Income Tax Withheld Are No. 16 $2,000 $533 Crud Jan 2 5.700 1,072 towards Od 2.300 25 Dec. 1 2.100 Feb 10.500 2.35 She MO! 3.500 536 W No. 16 73 Required 100 1. Cut the words to be more each move Wagenta (Form -Enter amounts to the east cant record ferments potente Employee Grous Earnings Federal Income Tax withheld Social Security Tex Withheld Medicare Tex Withheld A One wand NA TE Book Print Item 30 Edwards Oct. 1 2,300 285 Harvin Dec. 1 2,100 260 Nicks Feb. 10,600 2,385 Shianco Mar. 1 3,500 536 Ward Nov. 16 8,300 Required: 1. Calculate the amounts to be reported on each employee's Wage and Tox Statement (Form W-2). Enter amounts to the nearest cent if required. Enter all amounts as positive numbers Employee Gross Earnings Federal Income Tax withheld Social Security Tax withheld Medicare Tax withheld Arnett 1,793 Cruz Edwards Harvin Nicks Shianco Ward 2. Calculate the following employer payroll taxes for the year () social security: (b) Medicare; (c) state unemployment compensation at 5.4% on the first $10,000 of each employee's earnings (@federat unemployment compersation at 0.11% on the first 510,000 of each employee's earnings (e) total. Round your answers to two decimal place. (a) (0) ( (a) ( Check My Work 2 moc Check My Workoming Previous Next > Save and it Submit Assignment for Grading