Question

Courtside Concepts Co. began business on January 2, 2011.Salaries were paid to employees on the last day of each month, andsocial security tax, Medicare tax, and federal income tax werewithheld in the required amounts. An employee who is hired in themiddle of the month receives half the monthly salary for thatmonth. All required payroll tax reports were filed, and the correctamount of payroll taxes was remitted by the company for thecalendar year. Early in 2012, before the Wage and Tax Statements(Form W-2) could be prepared for distribution to employees and forfiling with the Social Security Administration, the employees'earnings records were inadvertently destroyed.

None of the employees resigned or were discharged during theyear, and there were no changes in salary rates. The socialsecurity tax was withheld at the rate of 6.0% and Medicare tax atthe rate of 1.5% on salary. Data on dates of employment, salaryrates, and employees' income taxes withheld, which are summarizedas follows, were obtained from personnel records and payrollrecords:

Calculate the amounts to be reported on each employee's Wage andTax Statement (Form W-2) for 2011. Enter amounts to the nearestcent if required. Enter all amounts as positive numbers.

Employee Gross Earnings Federal Income Tax Withheld SocialSecurity Tax Withheld Medicare Tax Withheld

Garnett $ $ $ $

Kidd

J.O'Neal

Bryant

S.O'Neal

Marbury

Duncan

$ $

2. Calculate the following employer payroll taxes for the year:(a) social security; (b) Medicare; (c) state unemploymentcompensation at 4.6% on the first $10,000 of each employee'searnings; (d) federal unemployment compensation at 0.8% on thefirst $10,000 of each employee's earnings; (e) total.

(a) $

(b) $

(c) $

(d) $

(e) $