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QUESTION

Ehrlich Co. began business on January 2.

Monthly Income tax with held

ArnettNov 165,500944

CruzJan 24,800833

EdwardsOct 18,0001592

HarvinDec 16,0001,070

NicksFeb 1 10,0002,350

ShiancoeMar 111,6002,600

WardNov 165,220876

  1. Compute the amounts to be reported for the year on each employee's Wage and Tax Statement (Form W-2), arranging the data as follows (round to the nearest cent): Employee , Gross Earnings, Federal Income Tax withheld, social security tax with held, medicare tax withheld

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, (E) total.

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