Questions
Wage and Tax Statement Data on Employer FICA Tax Ehrlich Co. began business on January 2,...

Wage and Tax Statement Data on Employer FICA Tax

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 $3,200 $448
Cruz Oct. 1 5,300 954
Edwards Apr. 16 2,600 325
Harvin Nov. 1 2,400 300
Nicks Jan. 16 5,650 1,271
Shiancoe Dec. 1 3,400 527
Ward Feb. 1 6,600 1,419

Required:

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.


Employee
Gross
Earnings
Federal Income
Tax Withheld
Social Security
Tax Withheld
Medicare
Tax Withheld
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) $

In: Accounting

Ehrlich Co. began business on January 2. Salaries were paid to employees on the last day...

Ehrlich Co. began business on January 2. 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 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 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% on salary. 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 Nov. 16 $3,300 $488
Cruz Jan. 2 5,700 1,072
Edwards Oct. 1 2,200 273
Harvin Dec. 1 2,500 310
Nicks Feb. 1 10,500 2,363
Shiancoe Mar. 1 3,700 566
Ward Nov. 16 8,400 1,814

Required:

1. Calculate the amounts to be reported 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 $ $ $ $
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 0.8% on the first $10,000 of each employee's earnings; (e) total. Round your answers to two decimal places.

(a) $
(b) $
(c) $
(d) $
(e) $

In: Accounting

Ehrlich Co. began business on January 2, 20Y8. Salaries were paid to employees on the last...

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 $3,800 $532
Cruz Oct. 1 5,200 936
Edwards Apr. 16 2,300 288
Harvin Nov. 1 2,100 263
Nicks Jan. 16 5,650 1,271
Shiancoe Dec. 1 3,300 512
Ward Feb. 1 6,800 1,462

Required:

1.

Note: Round amounts to the nearest whole dollar and enter all amounts as positive values.


Employee
Gross
Earnings
Federal Income
Tax Withheld
Social Security
Tax Withheld
Medicare
Tax Withheld
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) $

Calculate the amounts to be reported on each employee's Wage and Tax Statement (Form W-2) for 20Y8.

In: Accounting

Wage and Tax Statement Data on Employer FICA Tax Ehrlich Co. began business on January 2....

Wage and Tax Statement Data on Employer FICA Tax

Ehrlich Co. began business on January 2. 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 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 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% on salary. 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 Nov. 16 $3,800 $562
Cruz Jan. 2 5,700 1,072
Edwards Oct. 1 2,200 273
Harvin Dec. 1 2,300 285
Nicks Feb. 1 9,900 2,228
Shiancoe Mar. 1 3,800 581
Ward Nov. 16 8,300 1,793

Required:

1. Calculate the amounts to be reported 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 $ $ $ $
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 0.8% on the first $10,000 of each employee's earnings; (e) total. Round your answers to two decimal places.

(a) $
(b) $
(c) $
(d) $
(e) $

In: Accounting

1.Resource-Based View (VRIO Analysis) Consider the iPhone Division of AAPL use google facts Complete table on...

1.Resource-Based View (VRIO Analysis)

Consider the iPhone Division of AAPL

use google facts

Complete table on the “Resource-Based View” Internal Analysis (see below).

This is Internal analysis which is company-specific analysis not environmental analysis that will apply to all companies in the industry..

You look at Apple to find unique attributes that provide one or more of the VRIO (Valuable, Rare, Costly to Imitate, Organization-Supported) attributes.

Prepare your list from in order of their strategic/competitive importance

You will probably need to add lines to complete your analysis.

RESOURCE/CAPABILITY

    

V

  R

I

  O

COMPETITIVE CONSEQUENCE

In: Finance

Income Inequality - Video Assignment In this video you will learn some basic facts concerning the...

Income Inequality - Video Assignment

In this video you will learn some basic facts concerning the distribution of income in the U.S. and the Lorenz Curve that gives a graphic representation of the distribution. Next, the major causes of income inequality are discussed with real world examples. Third, the debate over income inequality, the gender pay gap, and income mobility implied by this debate is examined.  

Instructions:

  1. After watching the following video write a one page reflection.
  2. Your reflection must cover all the topics examined in the video.
  3. Submit your assignment as a file upload..

https://www.youtube.com/watch?v=CHReFKy_Mi4&list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH&index=1

In: Economics

Income Inequality - Video Assignment In this video you will learn some basic facts concerning the...

Income Inequality - Video Assignment

In this video you will learn some basic facts concerning the distribution of income in the U.S. and the Lorenz Curve that gives a graphic representation of the distribution. Next, the major causes of income inequality are discussed with real world examples. Third, the debate over income inequality, the gender pay gap, and income mobility implied by this debate is examined.  

Instructions:

  1. After watching the following video write a one page reflection.
  2. Your reflection must cover all the topics examined in the video.
  3. Submit your assignment as a file upload..

https://www.youtube.com/watch?v=CHReFKy_Mi4&list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH&index=1

In: Economics

Problem(1) (a) Consider the (random) experiment of throwing THREE coins together. Let S denote the sample...

Problem(1) (a) Consider the (random) experiment of throwing THREE coins together. Let S denote the sample space. List the elements in S.

(b) If HEAD comes up, you win $2 dollars; you lose $1 dollar if TAIL shows up. Let X be the random variable that corresponds to the money you win (a positive value) or lose (a negative value). What are the values that the random variable X takes?

(c) Suppose that the coin is made and thrown fairly. Find P[X = 2].

(d) Find E[X].

(e) Find E[X2 ].

(f) Find V ar[X].

In: Statistics and Probability

Java 1.Write a method removeEvenLength that takes an ArrayList of Strings as a parameter and that...

Java

1.Write a method removeEvenLength that takes an ArrayList of Strings as a parameter and that removes all of the strings of even length from the list.

2. Given the following Vehicle interface and client program in the Car class:

public interface Vehicle{

public void move();

}

public class Car implements Vehicle{

public static void main(String args[])

Vehicle v = new Vehicle(); // vehicle declaration

}

The above declaration is valid? True or False?

3. Java permits a class to implement only one interface? True or false

4. The Comparable interface enables the comparison of objects in Java? True or false

In: Computer Science

Describe how you would determine, using the van der Waals equation of state, the temperature of...

Describe how you would determine, using the van der Waals equation of state, the temperature of a real gas mixture of 3 gasses (A,B and C) given the pressure P in the container, the mass of each gas mA, mB, mC, and the volume v of the container. You also have access to the critical properties (TCA, TCB, TCC, PCA, PCB, PCC) and molar masses (MA, MB, MC,) of each gas. Use these variables and list all equations and steps in order with enough detail so someone else who has no knowledge of this course could solve the problem using your steps.

In: Other