Wage and Tax Statement Data on Employer FICA Tox Ehrlich co. began business on January 2. Salanes were paid to employees

[answerhappygod]

Wage And Tax Statement Data On Employer Fica Tox Ehrlich Co Began Business On January 2 Salanes Were Paid To Employees 1 (42.89 KiB) Viewed 57 times

Wage And Tax Statement Data On Employer Fica Tox Ehrlich Co Began Business On January 2 Salanes Were Paid To Employees 2 (27.23 KiB) Viewed 57 times

Wage And Tax Statement Data On Employer Fica Tox Ehrlich Co Began Business On January 2 Salanes Were Paid To Employees 3 (23.51 KiB) Viewed 57 times

Wage and Tax Statement Data on Employer FICA Tox Ehrlich co. began business on January 2. 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 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 the following year before the Wage and Tax Statements (Form W-2) could be prepared for distribution to employees and for filing with the Social Securty 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% on salary. Data on dates of employment, salary rates, and employees income taxes withheld, which are commarised as follows, were obtained from personnel records and payroll records Date First Employed Monthly Salary Monthly Income Tax Withheld Employee Arnett Nov. 16 35,000 51,132 798 Cruz Jan 2 4.600 Edwards Oct 1 1.632 Harvin 1.052 Das 1 Feb1 Nick 5.200 5.900 12,000 11.300 70 2.020 Shianco Mar 2.533 Ward NOV 16
1. Compute the amounts to be reported for the year on each employee's Wage and Tax Statement (Form W-2). Enter amounts to the nearest cent if required. Enter all amounts as positive numbers. Employee Gross Earnings Federal Income Tax Withheld Social Security Tax Withheld Medicare Tax Withheld Arnett X Cruz Edwards Harvin Nicks Shiancoe III Ward
2. Compute 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 0.8% on the first $10,000 of each employee's earnings, and (c) total. Round your answers to two decimal places. (a) (b) (c) (d) (e) Tema My Were Consider each employee's date of hire. Remember there is a limit on how much the employer pay for state and federal unemployment taxes per employee