Chapter 11 Homework Problems ook Calculator Wage and Tax Statement Data on Employer FICA Tax Ehrlich Co. began business on January 2, 2018 Salaries were paid to employees on the last day of each month, and social security tax, Medicare tax, and federal income tax werewitheld in the required amounts. An employee who is hired in the middle of the month receives half the monthly salary for that month. Al required payroll tax reports were Nied, and the correct amount of payrolles 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 foring with the Social Security Administration, the employees aming records were inadvertently destroyed. None of the employees resigned or were discharged during the year, and there were no changes in water te. 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 summanred 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 Cruz Oct. 1 5,500 Edwards Apr. 16 2,400 Harvin Nov. 1 2,200 Nicks Jan 16 5,800 Dec. 1 3,600 Feb. 1 1,333 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. Gross Earnings. X Federal Income Tax Withheld $ Social Security Tax Withheld Employee Arnett Medicare Tax Withheld $ $ Cruz Edwards Harvin Nicks Shiancoe Ward tete 2. Calculate the following employer payroll taxes for the year: (a) social security: () Medicare; (c) state unemployment compensation unemployment compensation at 0.6% on the first $10,000 of each employee's earnings (e) total 5.4% on the first $10,000 of eacher e 's a federal Note: Round amounts to the nearest whole dollar and enter all amounts as positive values Wage and Tax Statement Data on Employer FICA Tax Ehrlich Co. began business on January 2, 2016. Salanes 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 amount. 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 led, and 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 hing with the Social Security Administration, the employees' earings 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 Monthly Salary Monthly Income Tax withheld Arnett Jan. 2 Oct. Apr. 16 $3.500 5,500 $490 990 Edwards 300 2,400 2,200 Harvin Nov. 1 275 Jan 16 Dec. 1 5,800 3,600 ,200 Feb. 1 6 1,333 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. Gross Federal Income Social Security Medicare Employee Earnings Tax Withheld Tax Withheld Tax Withheld Arnett 8,250 Cruz Edwards Harvin Nicks Shiancoe Ward Accounting numeric field 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)