ebook Wage and Tax Statement Data on Employer FICA Tax Ehrlich Co. began business on January...

   

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ebook 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 forme tax were withheld in the required amounts. An employee who is hired in the middle of the month receives her the monthly salery for that month. All requered par reports were filed, 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 fling with the Social Security Administration, the employee sangs res were madvart destroyed. None of the employees resigned or were discharged during the year, and there were no changes in salary rates. The social security tas wes 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, we obtained from personnel records and payroll records: Date First Monthly Monthly Income Employee Employed Salary Tax Withheld Arnett Jan. 2 $3,700 $518 Cruz Oct. 1 5,200 936 Edwards Apr. 16 2,800 350 Nov. 1 2,100 263 Harvin Nicks Jan. 16 5,650 1,271 Shiancoe Dec. 1 3,500 543 Ward Feb. 1 6,400 1,376 Required: 1. Calculate the amounts to be reported on each employee's Wage and Tax Statement (Form W-2) for 2018. ALLIA 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 whole dollar and enter all amounts as positive values. Gross Earnings Federal Income Tax Withheld Social Security Tax Withheld Employee 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) s (b) (c) Employee Tax Withheld Tax Withheld 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) s Earnings ebook 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 forme tax were withheld in the required amounts. An employee who is hired in the middle of the month receives her the monthly salery for that month. All requered par reports were filed, 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 fling with the Social Security Administration, the employee sangs res were madvart destroyed. None of the employees resigned or were discharged during the year, and there were no changes in salary rates. The social security tas wes 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, we obtained from personnel records and payroll records: Date First Monthly Monthly Income Employee Employed Salary Tax Withheld Arnett Jan. 2 $3,700 $518 Cruz Oct. 1 5,200 936 Edwards Apr. 16 2,800 350 Nov. 1 2,100 263 Harvin Nicks Jan. 16 5,650 1,271 Shiancoe Dec. 1 3,500 543 Ward Feb. 1 6,400 1,376 Required: 1. Calculate the amounts to be reported on each employee's Wage and Tax Statement (Form W-2) for 2018. ALLIA 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 whole dollar and enter all amounts as positive values. Gross Earnings Federal Income Tax Withheld Social Security Tax Withheld Employee 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) s (b) (c) Employee Tax Withheld Tax Withheld 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) s Earnings

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Answer 1 Employee Gross Earnings G Federal Income tax witheld Social s... View the full answer