Wage and Tax Statement Data on Employer FICA Tax Ehrlich Co. began business on January 2, 2078. 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 taxeq was remitted by the company for the calendar year, Early in 2019, 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%. 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: Monthly Employed Date First Employee Monthly Income Tax withheld Salary Arnett Jan. 2 3405 $3,200 5,900 Cruz 1.062 Edwards 2.700 338 Oct. 1 Apr 16 Nov. 1 Jan 16 2,600 325 Harvin Nicks 1.271 5,650 3,800 Shianco Dec. 1 589 Ward Fob. 1 6,400 1.376 Required: 1. Calculate the amounts to be reported on each employee's Wace and Tax Statement (Form W-2 for 2048 1. Calculate the amounts to be reported on each employee's Wage and Tax Statement (Form W-2) for 20Y8. Note: Round amounts to the nearest whole dollar and enter all amounts as positive values. Federal Income Social Security Medicare Employee Earnings Tax Withheld Tax withheld Tax withheld Amett Gross Cruz Edwards Harvin Nicks Shiancoe Ward 2. Calculate the following employer payroll taxes for the year (a) social security: (b) Medicare; (c) state unemployment compensation at 5.4% on the first $10,000 of each employee's earnings; (d) federal unemployment compensation at 0.6% on the first $10,000 of each employees earnings: (e) total, Note: Round amounts to the nearest whole dollar and enter all amounts as positive values {a) (6) (c) Edwards Harvin Nicks Shiancoe Ward 2. Calculate the following employer payroll taxes for the year: (a) social security: (b) Medicare (c) state unemployment compensation at 5.4% on the first $10,000 of each employee's earnings: (d) federal unemployment compensation at 0.6% on the first $10,000 of each employee's earnings: (e) total Note: Round amounts to the nearest whole dollar and enter all amounts as positive values. (a) (b) (c) (d) (e) Wage and Tax Statement Data on Employer FICA Tax Ehrlich Co. began business on January 2, 2078. 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 taxeq was remitted by the company for the calendar year, Early in 2019, 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%. 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: Monthly Employed Date First Employee Monthly Income Tax withheld Salary Arnett Jan. 2 3405 $3,200 5,900 Cruz 1.062 Edwards 2.700 338 Oct. 1 Apr 16 Nov. 1 Jan 16 2,600 325 Harvin Nicks 1.271 5,650 3,800 Shianco Dec. 1 589 Ward Fob. 1 6,400 1.376 Required: 1. Calculate the amounts to be reported on each employee's Wace and Tax Statement (Form W-2 for 2048 1. Calculate the amounts to be reported on each employee's Wage and Tax Statement (Form W-2) for 20Y8. Note: Round amounts to the nearest whole dollar and enter all amounts as positive values. Federal Income Social Security Medicare Employee Earnings Tax Withheld Tax withheld Tax withheld Amett Gross Cruz Edwards Harvin Nicks Shiancoe Ward 2. Calculate the following employer payroll taxes for the year (a) social security: (b) Medicare; (c) state unemployment compensation at 5.4% on the first $10,000 of each employee's earnings; (d) federal unemployment compensation at 0.6% on the first $10,000 of each employees earnings: (e) total, Note: Round amounts to the nearest whole dollar and enter all amounts as positive values {a) (6) (c) Edwards Harvin Nicks Shiancoe Ward 2. Calculate the following employer payroll taxes for the year: (a) social security: (b) Medicare (c) state unemployment compensation at 5.4% on the first $10,000 of each employee's earnings: (d) federal unemployment compensation at 0.6% on the first $10,000 of each employee's earnings: (e) total Note: Round amounts to the nearest whole dollar and enter all amounts as positive values. (a) (b) (c) (d) (e)
