Wage and Tax Statement Data on Employer FICA Tax Ehrlich co. began business on January 2. 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 the following year, before the Wage and Tax Statements (Form W-2) could be 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, 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% on salary. 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: Date First Employed Monthly Income Tax Withheld Employee Monthly Salary 56,000 4,600 Arnett Nov. 16 $1.132 Cruz Jan 2 798 1.632 Edwards Oct. 1 Dec. 8,200 5.900 Harvin Nich Feb 1,052 2.520 2.533 12,000 Shulanco Mar 111300 Ward NOW.16 4.700 Required: Suctions Chart of Accounts Payroll Summary Journal Instructions The following data for Throwback Industries Inc relate to the payroll for the week ended December 9, Employee Hours Worked Hourly Rate Weekly Salary Federal Income Tax U.S. Savings Bonds 568.00 5750 20 5100 Aaron 46 Cobb 41 62.00 537 68 110 Clemente 48 70.00 832.64 120 DiMaggio 35 56.00 366 04 0 Gifty 45 62.00 64184 130 Mante $1.800 34245 120 Robinson 36 5400 382.50 130 wwiam 2.000 399 24 125 Vaugt 12 6200 58472 50 Wage and Tax Statement Data on Employer FICA Tax Ehrlich co. began business on January 2. 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 the following year, before the Wage and Tax Statements (Form W-2) could be 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, 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% on salary. 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: Date First Employed Monthly Income Tax Withheld Employee Monthly Salary 56,000 4,600 Arnett Nov. 16 $1.132 Cruz Jan 2 798 1.632 Edwards Oct. 1 Dec. 8,200 5.900 Harvin Nich Feb 1,052 2.520 2.533 12,000 Shulanco Mar 111300 Ward NOW.16 4.700 Required: Suctions Chart of Accounts Payroll Summary Journal Instructions The following data for Throwback Industries Inc relate to the payroll for the week ended December 9, Employee Hours Worked Hourly Rate Weekly Salary Federal Income Tax U.S. Savings Bonds 568.00 5750 20 5100 Aaron 46 Cobb 41 62.00 537 68 110 Clemente 48 70.00 832.64 120 DiMaggio 35 56.00 366 04 0 Gifty 45 62.00 64184 130 Mante $1.800 34245 120 Robinson 36 5400 382.50 130 wwiam 2.000 399 24 125 Vaugt 12 6200 58472 50