Solved by Expert Tutors
Solved by Expert Tutors
Question

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. $3,300  $462 
Cruz. Oct. 1 $5,600  $1,008 
Edwards Apr. 16 $2,900  $363 
Harvin Nov. 1 $2,600  $325 
Nicks Jan. 16 $5,650  $1,271 
Shiancoe Dec. 1 $3,200  $496 
Ward Feb. 1 $6,100  $1,312


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.
EmployeeGrossEarnings. Federal IncomeTax Withheld. Social SecurityTax Withheld Medical TaxWithheld


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)$

Step-by-step answer

Fusce dui lectus, congue vel laoreetacinia pulvi

entesque dapibu


2.1.png




ac, dictum vit


2.2.png







sus ante, dapibus a molestie consequat, ultrices ac magna. Fusce

2.1.png
i o a g l , e e rem ipsum dolo entesque dapibus ef or nec facil m ia pulvinar tortor nec ctum vitae o ongue ve ongue ve s onec a cing el at, ul facil llen a dict , dictu ng eli pul nec icit
2.2.png
i o a g l , e e rem ipsum dolo entesque dapibus ef fficitur laoreet. Nam a ipiscing ipsum dolor si ctum vitae o ongue ve s onec a ultrices pulvin et, co ng elit. a dict congu rem ip ipiscing

Subscribe to view the full answer

Other answers

ultrices ac magna. Fusce dui lectus, conacinia pulvi

fficitur laoreet. Nam risus ante, dapibus a

3.PNG


ctum vitae odio. Donec aliquet. Lorem ipsum dolor sit ame

3.1.PNG



gue vel laoreet ac, dictum vitae odio. Donec aliquet

4.PNG


ctum vitae odio. Donec aliquet. Lorem ipsum dolor sit ame

4.1.PNG


ng elit. N

, consectetur adipiscing elit. Nam lacinia pulvinar to

3.1.PNG
r
3.PNG
r
4.1.PNG
r
4.PNG
r

Subscribe to view the full answer

Subject: Accounting, Business

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question