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Quarter, Inc. began operations on January 2, 2018. If the employee is recruited in the middle of month will receive half the salary for the

Quarter, Inc. began operations on January 2, 2018. If the employee is recruited in the middle of month will receive half the salary for the month. None of the employees were fired. There was no changes in the payment of wages. During 2018 the social security salary cap was $97,500.00 and for FUTA & SUTA was $7,000. From the personnel records we got the following information:

Employee Start date Monthly Salary Contribution on retained income monthly
Sanchez January 16 7,400 1,548
Rivera Nov 1 3,000 544.20
Trovato January 2 2,500 465.14
Soler July 16 4,000 727.36
Matos January 2 9,000 1,877.40
Arocho May 1 4,000 744.75
Soto February 16 5,450 1,109.16

Calculate the amounts to be reported on form W - 2 by 2018.

Employee Total income Income contribution social security withheld Medicare withheld Total deductions Net income
Totals

2. Calculate the following employer contributions for the year. A. Social Security (the portion paid by the employer) B. Medicare (the employer-paid portion) C. Futa D. Suta

Prepare the wage and salary entries for the payroll and contribution.

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