PR 10-3A Wage and tax statement data on empioyeriale paid to employces on the last Obj.? Fhrlich Co. began business on January 2. Salaries were paicl to emal income tax were withheld of each month, and social security tax, Medicare tax, and federal income midle of the month receives hat the required amounts. An employee who is hired in the midde peports were filed, and the halt the monthly salary for that month. All required payroll tax romany for the calendar year. Early in cor. rect amount of payroll taxes was remitted by the compamy for the caicmatar year. Early in the following year, before the Wage and Tax Statements (Form W-2) coudd be prepared for dis. tribution 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 ycar, and there were no chathges 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 with. held, which are summarized as follows, were obtained from personnel records and payroll recond