4-13B.
LO 3, 4 See Figure 4.8 on page 4-23, Figure 4.11 on page 4-28
During the first full week of 20--, the Payroll Department of Omni Corporation is preparing the Forms W-2 for distribution to its employees along with their payroll checks on January 10. 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 20--, the previous year. 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, Frank Kent, and is prepared by Vince Roper.
Company Information:
| Address: | 4800 River Road | | |
| | Philadelphia, PA 19113-5548 | Pennsylvania state identification number: | 00-0-1066 |
| Telephone number: (215) 555-0017 | Federal identification number: | 00-0000972 |
| Fax number: (215) 555-0010 | Philadelphia identification number: | 0001895 |
I want to make sure i fill out the calculations correctly and in the right boxes
Employce Data Payroll Data Annual Taxes Withheld See example of Randy A. Kellison's completed Form W-2 on next page. Randy A. Kellison Single, 2 allowances Social security tax withheld 2,305.16 54 Gradison Place $715 per week Medicare tax withheld 539.24 Philadelphia, PA 19113-4054 SS#: 000-00-4310 State income tax withheld 1,141.40 Deduction for 401(k) plan: Local income tax withheld 1,443.00 $50/week State unemployment tax withheld *** 22.36 Vince T. Roper Married, 3 allowances Social security tax withheld 3,175.64 56 Andrews Court, Apt. 7 $985 per week Medicare tax withheld 742.56 Philadelphia, PA 19103-3356 SS#: 000-00-8804 State income tax withheld 1,572.48 Dependent care payment: $950 Local income tax withheld 1,987.96 $70/week-401(k) State unemployment tax withheld*** 30.68 Murray T. Rodson Single, 0 allowances Social security tax withheld 2,466.36 770 Camac Street $765 per week Medicare tax withheld 576.68 Philadelphia, PA 19101-3770 SS#: 000-00-3316 State income tax withheld 1,221.48 Union dues withheld: $102 Local income tax withheld 1,543.88 State unemployment tax withheld*** 23.92 Frank A. Kent Married, 6 allowances Social security tax withheld 6,061.29 338 North Side Avenue $1,875 per week Medicare tax withheld 1,417.69 Philadelphia, PA 19130-6638 SS#: 000-00-6839 State income tax withheld 2,993.12 Cost of group-term life insurance Local income tax withheld 3,784.04 exceeding $50,000: $262.75" State unemployment tax withheld*** 58.76 $100/week-401(k) Carlie C. Christian Married, 5 allowances Social security tax withheld 2,514.72 4900 Gladwynne Terrace $780 per week Medicare tax withheld 588.12 Philadelphia, PA 19127-0049 SS#: 000-00-5771 State income tax withheld 1,245.40 Union dues withheld: $102 Local income tax withheld 1,574.04 State unemployment tax withheld*** 24.44 Zana W. Amelia Single, 1 allowance Social security tax withheld 2,546.96 480-A Hopkinson Tower $790 per week Medicare tax withheld 595.92 Philadelphia, PA 19101-3301 SS#: 000-00-8703 State income tax withheld 1,261.00 Educational assistance payments Local income tax withheld 1,594.32 (job-required): $675 State unemployment tax withheld** 24.44 $50/week-401(k) *Must use percentage method to calculate federal income tax. **The cost of excess group-term life insurance is added to gross wages for federal income tax, Social Security, and Medi- care. Employers withhold OASDI and HI tax on these amounts but are not required to withhold federal income tax. The cost is not added to gross wages for state and local taxes, therefore, it is not subject to those taxes (see Figure 4.8). ***State unemployment tax withheld for Pennsylvania labeled as PA SUI on Form W-2 Box 14. 22222 Vold Employee's currumber For Official Use Only 000-00-4310 OMB No 14.000 Employer continue 00-0000972 34580.000 Employers, and code Omni Corporation 37180.00 4800 River Road Philadelphia, PA 1911)-5548 37180.00 2444.00 4 Morty withheld 2305.16 539.24 Gonorum to Dependent care benefit D 2600.00 Employee's Brot name and in Randy A. Kellison 54 Cradison Place Philadelphia, PA 19113-4054 PA SUI 22.36 Employees address and ZP code Sale Employee stale number PA 00-0-1066 18 Sep 1Y Selarom 31780.00 1141.40 37180.00 1443.00 Phila W-2 wage and Tax Statement 20-- Department of the Trry-Internal Rowe Sonice For Adendo Reduction Copy A For Social Security Administration - Send this entire page with Form W-3 to the Social Security Administration photocopies are not acceptable (Weekly salary $715.00 - $50.00 Contribution for 401(k)] x 52 weke **Federal Income Tax withheld $47 x 52 weeks Do Not Cut, Fold, or Staple Forms on This Page 22222 Employee's social security number For Official Use Only OMB No 166-0008 1 Wages, por compendio Imployers, and code courtyage Federal income tax wild dorum Employer brand 132 1 Employees are and code Employers Dumber Local comes rom W-2 wage and Tax Statement 20-- Department of the Trave For Privacy Act and Protection Copy AFor Social Security Administration - Send this entire page with For W-3 to the Social Security Administration photocoples are not acceptable Cat No 1130 Do Not Cut, Fold, or Staple Forms on This Page 22222 Employees oled security number 000-00-4310 Fow Us Oy OM NA 1000 2 Federasi 34580.00 00-0000972 Employer's name, address, and code Omni Corporation 4800 River Road Philadelphia, PA 1911)-5548 37100.00 2305.16 539.24 37180.00 Cooler mpyar name and Randy A. Kellion 54 Cradioon Place Philadelphia, PA 1911)-4054 D 2600.00 PA SUI 22.30 Brand DA 00-0-1066 31780.00 1141.40 37180.00 1443.00 Phila Tom W-2 wage and Tax Statement 20- For Play Act and Paperwork Redon Copy A For Social Security Administration - Send this entre page with Form W-3 to the Social Security Administration photocopie o not acceptable "Weekly salary 9715.00 - $50.00 Contribution for 401(k) x 52 weeks **Pederal Income Tax Withheld $47.00 x 52 weeke Do Not Cut, Fold, or Staple Forms on This Page 4-64 22222 Butyrumber Form Use Only OMEN 16000 Gorror Employees me and me La ho 1 Local Local come Tom W-2 wage and Tax Statement 20- Department of the Treary-eral Service For Andron Copy A For Social Security Administration - Send this entire page with Action, see the separate in Form W-3 to the Social Security Administration photocopiero not acceptable Cat Do Not Cut, Fold, or Staple Forms on This Page 22222 Employer Identition number Commer Fone Oy Winther te wete 18 Local Tom W-2 Wace and Tax Statement 20- Department of the year Puty Act Paperwhen Copy A For Becurity Administration - Send sortir page with Form W.3 to the Social Security Admiration photocopies are not comptable Do Not Cut, Fold, or Staple Forms on This Page Foom 22222 Employer identication mater 3 Employee and ZP W-2 wage and Tax Statement 20-- Copy A For social security Administration - Send this entre page with Chapartment of remover At Neparate 33333 Control rumber DO NOT STAPLE For Om Use Ordy OMB No. 1546-6000 None pole non-govt. b 943 Thy Check Payer Medicare Do GT.1 Employer more Check on 1 Wages, tipe, other compensation Statel 501e Federal post Federal income to withheld Tour of Forme we dement urber Employer identification number 4 Social security withold Employer's name Mediere wage and tipe Medicare tax withheld 10 Degendent care bene 11 Nonqualified plane 1a Durred 4-64 Employer's address and ZIP code th Other En sed this year 13 For third-party with only 15 State Employer's 14 income tax with by pod third party wickey 18 State agents of 18 Local age, etc. 1 Local income tax Employer's person Employer'a telephone number Form Use Only Employer frumber Employer's male Unders of pwry. I det complete and comparing document and to my knowledge and beliet, they are true correct, and Form W-3 Transmittal of Wage and Tax Statements 20-- Department of Tray SAAT Employce Data Payroll Data Annual Taxes Withheld See example of Randy A. Kellison's completed Form W-2 on next page. Randy A. Kellison Single, 2 allowances Social security tax withheld 2,305.16 54 Gradison Place $715 per week Medicare tax withheld 539.24 Philadelphia, PA 19113-4054 SS#: 000-00-4310 State income tax withheld 1,141.40 Deduction for 401(k) plan: Local income tax withheld 1,443.00 $50/week State unemployment tax withheld *** 22.36 Vince T. Roper Married, 3 allowances Social security tax withheld 3,175.64 56 Andrews Court, Apt. 7 $985 per week Medicare tax withheld 742.56 Philadelphia, PA 19103-3356 SS#: 000-00-8804 State income tax withheld 1,572.48 Dependent care payment: $950 Local income tax withheld 1,987.96 $70/week-401(k) State unemployment tax withheld*** 30.68 Murray T. Rodson Single, 0 allowances Social security tax withheld 2,466.36 770 Camac Street $765 per week Medicare tax withheld 576.68 Philadelphia, PA 19101-3770 SS#: 000-00-3316 State income tax withheld 1,221.48 Union dues withheld: $102 Local income tax withheld 1,543.88 State unemployment tax withheld*** 23.92 Frank A. Kent Married, 6 allowances Social security tax withheld 6,061.29 338 North Side Avenue $1,875 per week Medicare tax withheld 1,417.69 Philadelphia, PA 19130-6638 SS#: 000-00-6839 State income tax withheld 2,993.12 Cost of group-term life insurance Local income tax withheld 3,784.04 exceeding $50,000: $262.75" State unemployment tax withheld*** 58.76 $100/week-401(k) Carlie C. Christian Married, 5 allowances Social security tax withheld 2,514.72 4900 Gladwynne Terrace $780 per week Medicare tax withheld 588.12 Philadelphia, PA 19127-0049 SS#: 000-00-5771 State income tax withheld 1,245.40 Union dues withheld: $102 Local income tax withheld 1,574.04 State unemployment tax withheld*** 24.44 Zana W. Amelia Single, 1 allowance Social security tax withheld 2,546.96 480-A Hopkinson Tower $790 per week Medicare tax withheld 595.92 Philadelphia, PA 19101-3301 SS#: 000-00-8703 State income tax withheld 1,261.00 Educational assistance payments Local income tax withheld 1,594.32 (job-required): $675 State unemployment tax withheld** 24.44 $50/week-401(k) *Must use percentage method to calculate federal income tax. **The cost of excess group-term life insurance is added to gross wages for federal income tax, Social Security, and Medi- care. Employers withhold OASDI and HI tax on these amounts but are not required to withhold federal income tax. The cost is not added to gross wages for state and local taxes, therefore, it is not subject to those taxes (see Figure 4.8). ***State unemployment tax withheld for Pennsylvania labeled as PA SUI on Form W-2 Box 14. 22222 Vold Employee's currumber For Official Use Only 000-00-4310 OMB No 14.000 Employer continue 00-0000972 34580.000 Employers, and code Omni Corporation 37180.00 4800 River Road Philadelphia, PA 1911)-5548 37180.00 2444.00 4 Morty withheld 2305.16 539.24 Gonorum to Dependent care benefit D 2600.00 Employee's Brot name and in Randy A. Kellison 54 Cradison Place Philadelphia, PA 19113-4054 PA SUI 22.36 Employees address and ZP code Sale Employee stale number PA 00-0-1066 18 Sep 1Y Selarom 31780.00 1141.40 37180.00 1443.00 Phila W-2 wage and Tax Statement 20-- Department of the Trry-Internal Rowe Sonice For Adendo Reduction Copy A For Social Security Administration - Send this entire page with Form W-3 to the Social Security Administration photocopies are not acceptable (Weekly salary $715.00 - $50.00 Contribution for 401(k)] x 52 weke **Federal Income Tax withheld $47 x 52 weeks Do Not Cut, Fold, or Staple Forms on This Page 22222 Employee's social security number For Official Use Only OMB No 166-0008 1 Wages, por compendio Imployers, and code courtyage Federal income tax wild dorum Employer brand 132 1 Employees are and code Employers Dumber Local comes rom W-2 wage and Tax Statement 20-- Department of the Trave For Privacy Act and Protection Copy AFor Social Security Administration - Send this entire page with For W-3 to the Social Security Administration photocoples are not acceptable Cat No 1130 Do Not Cut, Fold, or Staple Forms on This Page 22222 Employees oled security number 000-00-4310 Fow Us Oy OM NA 1000 2 Federasi 34580.00 00-0000972 Employer's name, address, and code Omni Corporation 4800 River Road Philadelphia, PA 1911)-5548 37100.00 2305.16 539.24 37180.00 Cooler mpyar name and Randy A. Kellion 54 Cradioon Place Philadelphia, PA 1911)-4054 D 2600.00 PA SUI 22.30 Brand DA 00-0-1066 31780.00 1141.40 37180.00 1443.00 Phila Tom W-2 wage and Tax Statement 20- For Play Act and Paperwork Redon Copy A For Social Security Administration - Send this entre page with Form W-3 to the Social Security Administration photocopie o not acceptable "Weekly salary 9715.00 - $50.00 Contribution for 401(k) x 52 weeks **Pederal Income Tax Withheld $47.00 x 52 weeke Do Not Cut, Fold, or Staple Forms on This Page 4-64 22222 Butyrumber Form Use Only OMEN 16000 Gorror Employees me and me La ho 1 Local Local come Tom W-2 wage and Tax Statement 20- Department of the Treary-eral Service For Andron Copy A For Social Security Administration - Send this entire page with Action, see the separate in Form W-3 to the Social Security Administration photocopiero not acceptable Cat Do Not Cut, Fold, or Staple Forms on This Page 22222 Employer Identition number Commer Fone Oy Winther te wete 18 Local Tom W-2 Wace and Tax Statement 20- Department of the year Puty Act Paperwhen Copy A For Becurity Administration - Send sortir page with Form W.3 to the Social Security Admiration photocopies are not comptable Do Not Cut, Fold, or Staple Forms on This Page Foom 22222 Employer identication mater 3 Employee and ZP W-2 wage and Tax Statement 20-- Copy A For social security Administration - Send this entre page with Chapartment of remover At Neparate 33333 Control rumber DO NOT STAPLE For Om Use Ordy OMB No. 1546-6000 None pole non-govt. b 943 Thy Check Payer Medicare Do GT.1 Employer more Check on 1 Wages, tipe, other compensation Statel 501e Federal post Federal income to withheld Tour of Forme we dement urber Employer identification number 4 Social security withold Employer's name Mediere wage and tipe Medicare tax withheld 10 Degendent care bene 11 Nonqualified plane 1a Durred 4-64 Employer's address and ZIP code th Other En sed this year 13 For third-party with only 15 State Employer's 14 income tax with by pod third party wickey 18 State agents of 18 Local age, etc. 1 Local income tax Employer's person Employer'a telephone number Form Use Only Employer frumber Employer's male Unders of pwry. I det complete and comparing document and to my knowledge and beliet, they are true correct, and Form W-3 Transmittal of Wage and Tax Statements 20-- Department of Tray SAAT
