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Ward Feb. 1 6,300 1,355 Required: 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. Employee Gross Earnings Federal Income Social Security Medicare Tax Withheld Tax Withheld Tax Withheld Arnett 3,900 546 234 $ 59 Cruz 5,100 918 306 77 Edwards 2,900 363 174 44 Harvin 2,200 275 132 33 < Nicks 5,650 1,271 339 47 Shiancoe 3,100 481 186 85 Ward 6,300 1,355 378 95 $ 1,318 331 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 $10,0 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) $ 1,745

Ward Feb. 1 6,300 1,355 Required: 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. Employee Gross Earnings Federal Income Social Security Medicare Tax Withheld Tax Withheld Tax Withheld Arnett 3,900 546 234 $ 59 Cruz 5,100 918 306 77 Edwards 2,900 363 174 44 Harvin 2,200 275 132 33 < Nicks 5,650 1,271 339 47 Shiancoe 3,100 481 186 85 Ward 6,300 1,355 378 95 $ 1,318 331 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 $10,0 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) $ 1,745

Century 21 Accounting General Journal
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter13: Accounting For Payroll And Payroll Taxes
Section13.3: Reporting Withholding And Payroll Taxes
Problem 1OYO
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Ward Feb. 1 6,300 1,355 Required: 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. Employee Gross Earnings Federal Income Social Security Medicare Tax Withheld Tax Withheld Tax Withheld Arnett 3,900 546 234 $ 59 Cruz 5,100 918 306 77 Edwards 2,900 363 174 44 Harvin 2,200 275 132 33 < Nicks 5,650 1,271 339 47 Shiancoe 3,100 481 186 85 Ward 6,300 1,355 378 95 $ 1,318 331 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 $10,0 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) $ 1,745
Transcribed Image Text:Ward Feb. 1 6,300 1,355 Required: 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. Employee Gross Earnings Federal Income Social Security Medicare Tax Withheld Tax Withheld Tax Withheld Arnett 3,900 546 234 $ 59 Cruz 5,100 918 306 77 Edwards 2,900 363 174 44 Harvin 2,200 275 132 33 < Nicks 5,650 1,271 339 47 Shiancoe 3,100 481 186 85 Ward 6,300 1,355 378 95 $ 1,318 331 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 $10,0 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) $ 1,745
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