LO 9.3 7. General Corporation (P.O. Box 4563, Houston, TX 77003; EIN 12-3456789) paid Louise Bryant, an employee who lives at 5471 DeMilo, Houston, TX 77052, wages of $24,554 in 2010. The withholding tax for the year amounted to $6,050.40, and the FICA tax withheld was $1,878.38 ($1,522.35 for Social Security and $356.03 for Medicare). Louise’s FICA wages were the same as her total wages. Her Social Security number is 545-64-7745.

a. Complete the Form W-2 on the next page for Louise Bryant from General Corporation.

b. General Corporation also paid $900 to William Russel for presenting a management seminar. William lives at 1455 Cullen Boulevard, Houston, TX 77008, and his Social Security number is 475-45-3226. Complete the following Form 1099-

MISC for the payment to William from General Corporation.

Transcribed Image Text:

22222 b Employer demnat cation numbor N E, cine, 21 Empty comb For Official Use Only OMB No. 1545-0008 1 Wage, tips on 3 E 3. 7 Social security doo 2 Federal Income tax withhold 4. M 8 Alps 10. d Central number 9 Advance EC Employee's trams and Laram Sut 11 Nonged pas 13 y Employd's acdc and ZIP code 15 553 Employ 14 O 12a Seinem ions for box 12 12b