SlideShare a Scribd company logo
1 of 1
Wage and Tax statement Data on Employer MCA Tax Ehrtich Co. began business on Jantary 2,
20Y8. Salaries were paid to employees on the last day of each month, and social security tax,
Med care tax, and federal income tax were withheld in the required amounts. An employee who
is hired in the middle of the month receives haif the monthly salary for that month. All required
poyroil tax reports were filed, and the correct amount of payroll taxes was remitted by the
company for the casendar year. Earty in 20y9, before the Wage and Tax statements (Form W-2)
could be prepared for distribution to employees and for filing with the Social Secunty
Administration, the employees' earnings records were inadvertently destroyed. None of the
employes resigned or were discharged during the year, and there were no changes in salary rates.
The social security tax was withehe at the rate of 6.0% and Medicare tax ot the rate of 1.5% .
Data on dates of empioyment, salary rates, and employees" income taxes withheld, which are
summarized as follow5, were obtained from personnel records and payroil records: 1. Determine
the amounts to be reported on each employee's Wage and Tax Statement (Form W-2) for 20Y8.
Round amounts to the nearest whole dollar and enter all amounts as positive values. 2. Compute
the following employer payroil 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 aach employee's earnings:
(e) total. Round amounts to the nearest whole dollar and enter all amounts as positive values. 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 0.6% on the first $10 , 000 of each employee's earnings;
(e) total. Round amounts to the nearest whole dollar and enter all amounts as positive values. (a)
$ (b) (c) (d) (e) 1 x

More Related Content

Similar to Wage and Tax statement Data on Employer MCA Tax Ehrtich Co- began busi.docx

2008 Amended Income Tax Return for Individuals
2008 Amended Income Tax Return for Individuals2008 Amended Income Tax Return for Individuals
2008 Amended Income Tax Return for Individuals
taxman taxman
 
ct-1040esdrs forms 2008forms incometax
ct-1040esdrs forms 2008forms incometaxct-1040esdrs forms 2008forms incometax
ct-1040esdrs forms 2008forms incometax
taxman taxman
 
ct2008 Connecticut Telefile Tax Return and Instructions -
ct2008 Connecticut Telefile Tax Return and Instructions - ct2008 Connecticut Telefile Tax Return and Instructions -
ct2008 Connecticut Telefile Tax Return and Instructions -
taxman taxman
 
Chapter 13 power point presentation
Chapter 13 power point presentationChapter 13 power point presentation
Chapter 13 power point presentation
cmurphysvhs
 

Similar to Wage and Tax statement Data on Employer MCA Tax Ehrtich Co- began busi.docx (20)

Eco 450 week 11 final exam – strayer
Eco 450 week 11 final exam – strayerEco 450 week 11 final exam – strayer
Eco 450 week 11 final exam – strayer
 
Eco 450 week 11 final exam – strayer
Eco 450 week 11 final exam – strayerEco 450 week 11 final exam – strayer
Eco 450 week 11 final exam – strayer
 
Eco 450 week 11 final exam – strayer
Eco 450 week 11 final exam – strayerEco 450 week 11 final exam – strayer
Eco 450 week 11 final exam – strayer
 
Eco 450 week 11 final exam – strayer
Eco 450 week 11 final exam – strayerEco 450 week 11 final exam – strayer
Eco 450 week 11 final exam – strayer
 
Eco 450 week 11 final exam – strayer
Eco 450 week 11 final exam – strayerEco 450 week 11 final exam – strayer
Eco 450 week 11 final exam – strayer
 
Eco 450 week 11 final exam – strayer
Eco 450 week 11 final exam – strayerEco 450 week 11 final exam – strayer
Eco 450 week 11 final exam – strayer
 
Eco 450 week 11 final exam – strayer
Eco 450 week 11 final exam – strayerEco 450 week 11 final exam – strayer
Eco 450 week 11 final exam – strayer
 
Eco 450 week 11 final exam – strayer
Eco 450 week 11 final exam – strayerEco 450 week 11 final exam – strayer
Eco 450 week 11 final exam – strayer
 
2021 ICPAS Tax Guide for Members of the Illinois General Assembly
2021 ICPAS Tax Guide for Members of the Illinois General Assembly2021 ICPAS Tax Guide for Members of the Illinois General Assembly
2021 ICPAS Tax Guide for Members of the Illinois General Assembly
 
2008 Amended Income Tax Return for Individuals
2008 Amended Income Tax Return for Individuals2008 Amended Income Tax Return for Individuals
2008 Amended Income Tax Return for Individuals
 
ct-1040esdrs forms 2008forms incometax
ct-1040esdrs forms 2008forms incometaxct-1040esdrs forms 2008forms incometax
ct-1040esdrs forms 2008forms incometax
 
ct2008 Connecticut Telefile Tax Return and Instructions -
ct2008 Connecticut Telefile Tax Return and Instructions - ct2008 Connecticut Telefile Tax Return and Instructions -
ct2008 Connecticut Telefile Tax Return and Instructions -
 
Chapter 13 power point presentation
Chapter 13 power point presentationChapter 13 power point presentation
Chapter 13 power point presentation
 
Payroll tax rates, filing deadlines and responsibilities in 2019
Payroll tax rates, filing deadlines and responsibilities in 2019Payroll tax rates, filing deadlines and responsibilities in 2019
Payroll tax rates, filing deadlines and responsibilities in 2019
 
Canada COVID Relief Programs Part 2
Canada COVID Relief Programs Part 2Canada COVID Relief Programs Part 2
Canada COVID Relief Programs Part 2
 
Federal budget guide 2018 mazars australia_9th may
Federal budget guide 2018 mazars australia_9th mayFederal budget guide 2018 mazars australia_9th may
Federal budget guide 2018 mazars australia_9th may
 
2022 ICPAS Tax Guide for Members of the Illinois General Assembly
2022 ICPAS Tax Guide for Members of the Illinois General Assembly2022 ICPAS Tax Guide for Members of the Illinois General Assembly
2022 ICPAS Tax Guide for Members of the Illinois General Assembly
 
2023 ICPAS Tax Guide to Members of the Illinois General Assembly
2023 ICPAS Tax Guide to Members of the Illinois General Assembly 2023 ICPAS Tax Guide to Members of the Illinois General Assembly
2023 ICPAS Tax Guide to Members of the Illinois General Assembly
 
2019 ICPAS Tax Guide for Members of the Illinois General Assembly
2019 ICPAS Tax Guide for Members of the Illinois General Assembly2019 ICPAS Tax Guide for Members of the Illinois General Assembly
2019 ICPAS Tax Guide for Members of the Illinois General Assembly
 
Our National Fiscal Challenge
Our National Fiscal ChallengeOur National Fiscal Challenge
Our National Fiscal Challenge
 

More from mckerliejonelle

WHAT IS YOUR CULTURAL INTELLIGENCE- Instructlons- To what extent does.docx
WHAT IS YOUR CULTURAL INTELLIGENCE- Instructlons- To what extent does.docxWHAT IS YOUR CULTURAL INTELLIGENCE- Instructlons- To what extent does.docx
WHAT IS YOUR CULTURAL INTELLIGENCE- Instructlons- To what extent does.docx
mckerliejonelle
 

More from mckerliejonelle (20)

What was ABC Inc's net capital spending in the year 2022- given their.docx
What was ABC Inc's net capital spending in the year 2022- given their.docxWhat was ABC Inc's net capital spending in the year 2022- given their.docx
What was ABC Inc's net capital spending in the year 2022- given their.docx
 
What subatomic partichis ate located in the nuicleas of an atom- nesif.docx
What subatomic partichis ate located in the nuicleas of an atom- nesif.docxWhat subatomic partichis ate located in the nuicleas of an atom- nesif.docx
What subatomic partichis ate located in the nuicleas of an atom- nesif.docx
 
what type of decision making style do well in environments where there.docx
what type of decision making style do well in environments where there.docxwhat type of decision making style do well in environments where there.docx
what type of decision making style do well in environments where there.docx
 
What skills have you gained that would be applied to a computer techno.docx
What skills have you gained that would be applied to a computer techno.docxWhat skills have you gained that would be applied to a computer techno.docx
What skills have you gained that would be applied to a computer techno.docx
 
What pattern of inheritance does variant have with the RCH gene at the.docx
What pattern of inheritance does variant have with the RCH gene at the.docxWhat pattern of inheritance does variant have with the RCH gene at the.docx
What pattern of inheritance does variant have with the RCH gene at the.docx
 
What percentage of genetic divergence is used to define separate speci.docx
What percentage of genetic divergence is used to define separate speci.docxWhat percentage of genetic divergence is used to define separate speci.docx
What percentage of genetic divergence is used to define separate speci.docx
 
What makes Y-C+I+G+NX an identity- Each symbol identifies a variable-.docx
What makes Y-C+I+G+NX an identity- Each symbol identifies a variable-.docxWhat makes Y-C+I+G+NX an identity- Each symbol identifies a variable-.docx
What makes Y-C+I+G+NX an identity- Each symbol identifies a variable-.docx
 
What motivates radical environmentalist groups like the Earth Liberati.docx
What motivates radical environmentalist groups like the Earth Liberati.docxWhat motivates radical environmentalist groups like the Earth Liberati.docx
What motivates radical environmentalist groups like the Earth Liberati.docx
 
WHAT IS YOUR CULTURAL INTELLIGENCE- Instructlons- To what extent does.docx
WHAT IS YOUR CULTURAL INTELLIGENCE- Instructlons- To what extent does.docxWHAT IS YOUR CULTURAL INTELLIGENCE- Instructlons- To what extent does.docx
WHAT IS YOUR CULTURAL INTELLIGENCE- Instructlons- To what extent does.docx
 
What is true about the relative concentration of H+ and OH- in water-.docx
What is true about the relative concentration of H+ and OH- in water-.docxWhat is true about the relative concentration of H+ and OH- in water-.docx
What is true about the relative concentration of H+ and OH- in water-.docx
 
What is the result (in binary) of adding the unsigned char binary numb.docx
What is the result (in binary) of adding the unsigned char binary numb.docxWhat is the result (in binary) of adding the unsigned char binary numb.docx
What is the result (in binary) of adding the unsigned char binary numb.docx
 
What is the resolution of a digital-to-analog converter (DAC)- It is t.docx
What is the resolution of a digital-to-analog converter (DAC)- It is t.docxWhat is the resolution of a digital-to-analog converter (DAC)- It is t.docx
What is the resolution of a digital-to-analog converter (DAC)- It is t.docx
 
What is the primary reason that Earth is cold at the poles and hot at.docx
What is the primary reason that Earth is cold at the poles and hot at.docxWhat is the primary reason that Earth is cold at the poles and hot at.docx
What is the primary reason that Earth is cold at the poles and hot at.docx
 
What is the main differentiating factor of an Advanced Alternative Pay.docx
What is the main differentiating factor of an Advanced Alternative Pay.docxWhat is the main differentiating factor of an Advanced Alternative Pay.docx
What is the main differentiating factor of an Advanced Alternative Pay.docx
 
What is the main difterence between Al- ML- and OL- Select ones a- ML.docx
What is the main difterence between Al- ML- and OL- Select ones a- ML.docxWhat is the main difterence between Al- ML- and OL- Select ones a- ML.docx
What is the main difterence between Al- ML- and OL- Select ones a- ML.docx
 
What is the function of helper T cells in cell mediated immunity- Kill.docx
What is the function of helper T cells in cell mediated immunity- Kill.docxWhat is the function of helper T cells in cell mediated immunity- Kill.docx
What is the function of helper T cells in cell mediated immunity- Kill.docx
 
What is the general FUNCTION of this tissue tvoe- -Pseberbunef that pe.docx
What is the general FUNCTION of this tissue tvoe- -Pseberbunef that pe.docxWhat is the general FUNCTION of this tissue tvoe- -Pseberbunef that pe.docx
What is the general FUNCTION of this tissue tvoe- -Pseberbunef that pe.docx
 
What is the effect of cholesterol on membrane fluidity at physiologic.docx
What is the effect of cholesterol on membrane fluidity at physiologic.docxWhat is the effect of cholesterol on membrane fluidity at physiologic.docx
What is the effect of cholesterol on membrane fluidity at physiologic.docx
 
What is the default IP Prefix for a Class A- -16 124 130 18.docx
What is the default IP Prefix for a Class A- -16 124 130 18.docxWhat is the default IP Prefix for a Class A- -16 124 130 18.docx
What is the default IP Prefix for a Class A- -16 124 130 18.docx
 
What is the biggest animal in the world- What is the only active volca.docx
What is the biggest animal in the world- What is the only active volca.docxWhat is the biggest animal in the world- What is the only active volca.docx
What is the biggest animal in the world- What is the only active volca.docx
 

Recently uploaded

Beyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactBeyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global Impact
PECB
 
Making and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdfMaking and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdf
Chris Hunter
 
An Overview of Mutual Funds Bcom Project.pdf
An Overview of Mutual Funds Bcom Project.pdfAn Overview of Mutual Funds Bcom Project.pdf
An Overview of Mutual Funds Bcom Project.pdf
SanaAli374401
 
Gardella_PRCampaignConclusion Pitch Letter
Gardella_PRCampaignConclusion Pitch LetterGardella_PRCampaignConclusion Pitch Letter
Gardella_PRCampaignConclusion Pitch Letter
MateoGardella
 

Recently uploaded (20)

Application orientated numerical on hev.ppt
Application orientated numerical on hev.pptApplication orientated numerical on hev.ppt
Application orientated numerical on hev.ppt
 
Beyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactBeyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global Impact
 
Measures of Dispersion and Variability: Range, QD, AD and SD
Measures of Dispersion and Variability: Range, QD, AD and SDMeasures of Dispersion and Variability: Range, QD, AD and SD
Measures of Dispersion and Variability: Range, QD, AD and SD
 
Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"
Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"
Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"
 
Holdier Curriculum Vitae (April 2024).pdf
Holdier Curriculum Vitae (April 2024).pdfHoldier Curriculum Vitae (April 2024).pdf
Holdier Curriculum Vitae (April 2024).pdf
 
Making and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdfMaking and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdf
 
An Overview of Mutual Funds Bcom Project.pdf
An Overview of Mutual Funds Bcom Project.pdfAn Overview of Mutual Funds Bcom Project.pdf
An Overview of Mutual Funds Bcom Project.pdf
 
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
 
Nutritional Needs Presentation - HLTH 104
Nutritional Needs Presentation - HLTH 104Nutritional Needs Presentation - HLTH 104
Nutritional Needs Presentation - HLTH 104
 
Introduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The BasicsIntroduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The Basics
 
Advance Mobile Application Development class 07
Advance Mobile Application Development class 07Advance Mobile Application Development class 07
Advance Mobile Application Development class 07
 
Grant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingGrant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy Consulting
 
Web & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfWeb & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdf
 
Z Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot GraphZ Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot Graph
 
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptxINDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
 
SECOND SEMESTER TOPIC COVERAGE SY 2023-2024 Trends, Networks, and Critical Th...
SECOND SEMESTER TOPIC COVERAGE SY 2023-2024 Trends, Networks, and Critical Th...SECOND SEMESTER TOPIC COVERAGE SY 2023-2024 Trends, Networks, and Critical Th...
SECOND SEMESTER TOPIC COVERAGE SY 2023-2024 Trends, Networks, and Critical Th...
 
How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17
 
Gardella_PRCampaignConclusion Pitch Letter
Gardella_PRCampaignConclusion Pitch LetterGardella_PRCampaignConclusion Pitch Letter
Gardella_PRCampaignConclusion Pitch Letter
 
Measures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and ModeMeasures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and Mode
 
Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024
 

Wage and Tax statement Data on Employer MCA Tax Ehrtich Co- began busi.docx

  • 1. Wage and Tax statement Data on Employer MCA Tax Ehrtich Co. began business on Jantary 2, 20Y8. Salaries were paid to employees on the last day of each month, and social security tax, Med care tax, and federal income tax were withheld in the required amounts. An employee who is hired in the middle of the month receives haif the monthly salary for that month. All required poyroil tax reports were filed, and the correct amount of payroll taxes was remitted by the company for the casendar year. Earty in 20y9, before the Wage and Tax statements (Form W-2) could be prepared for distribution to employees and for filing with the Social Secunty Administration, the employees' earnings records were inadvertently destroyed. None of the employes resigned or were discharged during the year, and there were no changes in salary rates. The social security tax was withehe at the rate of 6.0% and Medicare tax ot the rate of 1.5% . Data on dates of empioyment, salary rates, and employees" income taxes withheld, which are summarized as follow5, were obtained from personnel records and payroil records: 1. Determine the amounts to be reported on each employee's Wage and Tax Statement (Form W-2) for 20Y8. Round amounts to the nearest whole dollar and enter all amounts as positive values. 2. Compute the following employer payroil 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 aach employee's earnings: (e) total. Round amounts to the nearest whole dollar and enter all amounts as positive values. 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 0.6% on the first $10 , 000 of each employee's earnings; (e) total. Round amounts to the nearest whole dollar and enter all amounts as positive values. (a) $ (b) (c) (d) (e) 1 x