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Wage and tax statement data on employer FICA tax Ehrlich Co. Begin business on January 2, 2018. Salaries were paid to employees on the last
Wage and tax statement data on employer FICA tax
Ehrlich Co. began business on January 2, 20Y8. 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 all the monthly salary for that month. All required payroll tax reports were filed, and the correct amount of payroll aces was remitted by the company for the calendar year. Early in 2019, before the Wagn and Tax Statements (Form W-?) could be prepared for distribution to employees and for filing with the Social Security Administration, the employees caminos 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: Date First Monthly Monthly Income Employee Employed Salary Tax Withheld Amet Jan. 2 $3,500 $490 Cruz Oct. 1 5.100 918 Edwards Apr. 16 2.800 350 Harvin Nov. 1 2,600 325 Nicks Jan 16 5,650 1,271 Shianco Dec. 1 3,600 550 Ward Feb. 1 6,900 1.464 Required: 1. Calculate the amounts to be reported on each employee's Wage and Tax Statement Form W-2) for 2018 Note Round amounts to the nearest who do and enter amounts as positive Gross Federal income Social Security Medicare Employee Earnings Tax withheld Tax withheld Tax withheld Previous Check My Work more Check My Weremang 110 Chop W Note: Round amounts to the nearest whole dollar and enter all amounts as positive values Gross Earnings Federal Income Tax withheld Employee Social Security Tax Withheld Medicare Tax withheld Arnett Cruz Edwards Harvin Nicks Shiance 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: federal unemployment compensation at 0.6% on the first $10,000 of each employee's earnings: (a) total Note: Round amounts to the nearest whole dollar and enter all amounts as positive values (a) (b) (d) Check My Work 5 more Check My Won hp) Ehrlich Co. Begin business on January 2, 2018. Salaries were paid to employees on the last day of each month in Social Security tax Medicare tax and federal income tax were withheld in the required amount an employee who was hired in the middle of the month received half monthly salary for that month all required payroll tax reports were filed in the correct amount of payroll taxes 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 over discharge 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 personal records and payroll records:
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