During the first full week of 2017, the Payroll Department of Quigley Corporation is preparing the Forms W-2 for distribution to its employees along with their payroll checks on January 6. In this problem, you will complete six of the forms in order to gain some experience in recording the different kinds of information required.
Assume each employee earned the same weekly salary for each of the 52 paydays in 2016. Using the following information obtained from the personnel and payroll records of the firm, complete Copy A of the six Forms W-2 reproduced on the following pages. Also complete Form W-3. The form is to be signed by the president, Kenneth T. Ford, and is prepared by Ralph I. Volpe.
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Philadelphia, PA 19113-5548Pennsylvania state identification number 00-0-1066 Telephone number: (215) 555-0017 Fax number: (215) 555-0010 Federal identification number Philadelphia identification number: The wage-bracket method is used to determine federal income tax withholding. Calcdate the amual federal income ta:x withheld by using the weekly wage-bracket table and mmultiply the answer by 52. The other taxes withheld are shown below Annual Taxes Withheld Kelly B. Roach 54 Gradison Place Philadelphia, PA 19113-4054 2,305.16 3 1 539.24 1,141.40 Social security tax withheld Medicare tax withheld State income tax withheld SS#: 000-004310 Deduction for 401 (k) plan: $50/week 1,457.56 Loca income tax withheld Ralph I. Volpe 56 Andrews Court, Apt. 7$785 per week Philadelphia, PA 19103-3356 SS#: 000-00-8804 Social security tax withheld Medicare tax withheld State income tax withheld Local income tax withheld 2,530.84 2 591.76 1,253.20 1,600.04 Dependent care payment: $950 $70/week-40 1 (k) Single, 0 allowances 2,853.24 Social l security tax withheld 667.16 Medicare tax withheld 1,412.84 State income tax withheld 1,803.88 Local 4,368.69 Social security tax withheld 1,021.97Medicare tax withheld 2,155.40 State income tax withheld 2,751.84 Local income tax withheld et Philadelphia, PA 19101-3770 SS#: 000-00-3316 Union dues withheld: $102 l income tax withheld Kenneth T. Ford 338 North Side Avenue Philadelphia, PA 19130-6638 $1,350 per week SS#: 000-00-6839 Cost of group-term life insurance exceeding $50,000: $262.75 tax withheld on insurance cost, but FICA taxes are withheld. $100/week-401(k) 2,643.68 Social security tax withheld 4900 Gladwynne Terrace Philadelphia, PA 19127-0049 618.28 1,308.84 1,671.28 2,546.96 595.92 1,261.00 1,610.44 Medicare tax withheld State income tax withheld Local income tax withheld Socia Medicare tax withheld State income tax withheld SS#: 000-00-5771 Union dues withheld: $102 Hal B. Zuber 480-A Hopkinson Tower Philadelphia, PA 19101-3301 l security tax withheld SS#: 000-00-8703 Educational assistance payments (job required): $675 $50/week-40 1 (k) Local income tax withheld 22222Voida OMB No. 1545-0008 wagas and aps Employoel's addross and AP coda Fom W-2 wage and Tax statement Copy A For Social Socurity Administration-Sand this antire pago with Form W-3 to the Social Socurity Administrationc photooopias aro not acooptabla 20 Departmant of the Treasury-Intamial Rlavanue Sarvica For Prtwacy Act and Paporwork Reduction Act Notica, soo tho soparato Instructons. Do Not Cut, Fold, or Staple Forms on This Page-Do Not Cut, Fold, or Staple Forms on This Page 22222Vold a Employses social securty numbar For Omicial Usa Only wagas and aps Employoel's addross and AP coda W-2 wage and Tax statement 20 Fom Copy A For Social Socurity Administration-Sand this antire pago with Form W-3 to the Social Socurity Administrationc photooopias aro not acooptabla. For Prtwacy Act and Paperwork Raduction Act Notioo, soo tho soparato Instructons. Do Not Cut, Fold, or Staple Forms on This Page-Do Not Cut, Fold, or Staple Forms on This Page 22222 vodnl OMB No. 1545-0008 Employel's addross and AP coda Depatmant of the Treasury-Intamial Rlavanue Sarvica For Prtwacy Act and Paporwork Reduction Act Notica, soo the soparato Instructions. Wage and Tax statement Copy A For Social Socurity Administration Sand this antire page with Form W-3 to the Social Socurity Administrationc photooopias aro not acooptabla Do Not Cut, Fold, or Staple Forms on This Page-Do Not Cut, Fold, or Staple Forms on This Page 2222 Erployow's social socumbr . Employel's addross and AP coda W- 2 20 Wage and Tax statement For Prtwacy Act and Paparwork Raduction Form Copy A For Social Security Administration-Sand this ฉmtre page with Form W-3 to the Social Socurity Administrationc photooopias aro not acooptabla Do Not Cut, Fold, or Staple Forms on This Page-Do Not Cut, Fold, or Staple Forms on This Page Employee's social securty number 22222 vodnl For Official Use Only OMB No. 1545-0008 Employoel's addross and AP coda Fom Copy A For Social Socurity Administration-Sand this antire pago with Form W-3 to the Social Socurity Administrationc photooopias aro not acooptabla W-2 Wage and Tax statement 20 Departmant of the Treasury-Intamial Rlavanue Sarvica For Prtwacy Act and Paporwork Reduction Act Notica, soo tho soparato Instructons. Do Not Cut, Fold, or Staple Forms on This Page-Do Not Cut, Fold, or Staple Forms on This Page 22222Void pi. 1-45000 a Employossal scurty mumbar For Omicial Usa Only Employoel's addross and AP coda W-2 wage and Tax statement 20 F W- Copy A For Social Socurity Administration-Sand this antire pago with Form W-3 to the Social Socurity Administrationc photooopias aro not acooptabla For Prtwacy Act and Paperwork Raduction Do Not Cut, Fold, or Staple Forms on This Page-Do Not Cut, Fold, or Staple Forms on This Page DO NOT STAPLE For Officlial Use Only OMB No. 1545-0008 041 Mitay 043 Nona apply 501c non-gov pyy on-5010 Statalacal 5010 Chack ona otal numbar af ax withhold Soclal sacurity wags Soclal sacurty tax wthhald Othar EIN usod this yer 13 For tind-party sick pry uso only 14 Inoome tax wthhold by payar of third-party sick pary 18 Local wags, tips, atc 6 Stato wagos, tips, abc. 9 Local Incoma Officlal Usa Only Undar panaibos of partury, Idoclara that I have examinad this naturn and accompanying dlooumarts and, to the bast of my knowlodga and balat, thay an true comact and complata Fom W-3 Transmittal of Wage and Tax Statements 20--