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 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 20Y9, 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: Employee Date FirstEmployed MonthlySalary Monthly IncomeTax Withheld Arnett Jan. 2 $3,900   $546   Cruz Oct. 1 5,300   954   Edwards Apr. 16 2,700   338   Harvin Nov. 1 2,200   275   Nicks Jan. 16 5,650   1,271   Shiancoe Dec. 1 3,700   574   Ward Feb. 1 6,600   1,419   Required: 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. Employee GrossEarnings Federal IncomeTax Withheld Social SecurityTax Withheld MedicareTax Withheld Arnett $   $   $   $   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 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) $

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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 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 20Y9, 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:


Employee
Date First
Employed
Monthly
Salary
Monthly Income
Tax Withheld
Arnett Jan. 2 $3,900   $546  
Cruz Oct. 1 5,300   954  
Edwards Apr. 16 2,700   338  
Harvin Nov. 1 2,200   275  
Nicks Jan. 16 5,650   1,271  
Shiancoe Dec. 1 3,700   574  
Ward Feb. 1 6,600   1,419  

Required:

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.


Employee
Gross
Earnings
Federal Income
Tax Withheld
Social Security
Tax Withheld
Medicare
Tax Withheld
Arnett $   $   $   $  
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 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) $
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