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 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 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. 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 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 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:
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 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:
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 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 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 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