1. What are the total taxable FUTA wages for the year? What would these FUTA taxable wages have been if John Parker earned $100,000 less for the year?
2. For Allison Harrison, by how much do her Wages, Tips, and Other Compensation on Form W-2 differ from her Medicare Wages and Tips? What does this amount represent?
3. Why does the employer not sign Form W-2? Does the employer sign any form that conveys annual employee compensation to the IRS? If so, which form?
4. For John Parker, by how much do his Social Security Wages on Form W-2 differ from his Medicare Wages and Tips? Why does this difference exist?
5. What is the standard Medicare tax rate? Why does this rate differ from the .029 displayed on line 5c of Form 941? Why does this rate differ from the .009 displayed on line 5d of Form 941?
6. On Form 940, should Part 5 be completed for the current year? Why or why not?
7. For the 4th quarter, what portion of the total Medicare tax is paid by the employer (not withheld from Employee earnings)?
8. Is John Parkers Medicare tax withheld the same for each pay period in December? Why or why not?
9. Does the employer owe the same amount of SUTA tax for each employee? Why or why not? What is the amount of SUTA tax owed for each employee?
10. Is Additional Medicare Tax withheld from any employee? If so, which employee(s), and why is this tax withheld from them?