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 fordi tribution 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. the following information obtained from the personnel and payroll records of the firm.complete copy of the six Assume each employee earned the same weekly salary for each of the 52 paydays in 20- the previous year. Using 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 19113-5545 Telephone number (215) $35.0017 Pennsylvania state identification number: 00-0-1066 Fax number: (215) 555-0010 Federal identification number: 00-0000972 Philadelphia identification number 0001895 Income Tax Information: The wuge-bracket method is used to determine federal income tax withholding Calculate the ammal federal income tax witheld by using the weekly wage bracket table and multiply the answer by 52. The other taxes otheld are shown below: Employee Data Payroll Data Annual Taxes Withheld See example of Randy A. Kellison's completed For W-2 on next page. Randy A. Kellison Single 54 Gradison Place $715 per week Social security tax withheld 2,105.16 Philadelphia, PA 19113-4054 SS#000-00-4310 Medicare tax withheld 539.24 State income tax withheld 1.141.40 Deduction for 401k plant Local income tax withheld 550/week 1.419.96 State unemployment tax withheld. 2236 Vince T. Roper Marned filing jointly 56 Andrews Court, Apt. 7 Social security tax withbeld 3.175.64 3985 per week Medicare tax withheld 742.56 Philadelphia, PA 19103-3356 SS:000-00-4804 State income tax withheld 1.572.48 Dependent care payment: $950 Local income tax withheld 1,982.76 $70/week-01 State unemployment tax withheld" 30.68 Murray T. Rodion Sinde Social security tax withheld 2,466.36 770 Camac Street $765 per week Medicare tax withheld $76.68 Philadelphia, PA 19101.3770 SS#000-00-3316 State income tax wichheid 1,221.48 Union dues withheld: 5102 Local income tax withheld 1.539.72 State unemployment tax withheld. 21.92 Frank A. Kent Married Hiling jointly Social security tax withheld 6,061:29 335 North Side Avenue 51.875 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 3.774.68 exceeding 550,000: $262.75 State unemployment tax withheld 58.76 S100/week 401(k) Carlie C. Christian Married filing jointly Social security tax withheld 2.514.72 4900 Gladwynne Terrace 5780 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 1.570.40 State unemployment tax withheld" 24.44 Zana W. Amelia Single Social security tax withheld 2,546.96 $790 per week Medicare tax withheld 480-A Hopkinson Tower 39592 Philadelphia, PA 19101-3301 SS 000-00-8703 State income tax withheld 1.261.00 Educational assistance payments Local income tax withheld 1.540.16 job required $675 State unemployment tax withheld" 24.44 S50/week-401(k) Must use percentage method to calculate federal income tax. **The cost of excess group-term life insurance is added to grow wages for federal income tax, Social Security, and Medi cire. Employers withhold OASDI and Hl 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 4-21 4-13B (continued) Fermin O No 1545.000 2444.00+. 22222 000-00-4310 Employercion IN 00-0000972 pyran N P code Onni Corporation 4800 River Road Philadelphia, PA 19113-5548 34580.00 Soodson 37180.00 Merendis 37180.00 2305.16 539.24 Allocated tipe 2600.00 . Employmes fra and Randy A Kellion 54 Gradison Place Philadelphia, PA 1911)-4054 12b NOT PA SUI 22:36 120 Employees and code PAL 00-0-1066 16 Sewage testament 31780.00 1141.40 18 Locages. Local come tax 37180.00 1439.96 Phila W-2 Wage and Tax Statement 20- -- Department of the Treasury Service For For Pracy Act and Paperwork Reduction Copy A For Social Security Administration - Send this entre page with Act Noi, see the particions. Form W-3 to the Social Security Administration photocopies are not comptable Cal No. 1013D Weekly salary $7is.00 - $50.00 Contribution for 401(k) x 52 weeks Federal Income Tax withheld $47.00 X 52 weeks Do Not Cut, Fold, or Staple Forms on This Page 22222 Vodny w security For Oficial Use Only OMON 1545-0006 brown number EN Employers are address and ZPCO Social weld Mecane wages 8 Alons d Counter . 10 Decendent cobert horquina 10 Other 12 's and 700d Employers W-2 wage and Tax Statement 20-- Copy A For Social Security Admiration - Send this entre page with Form wat he soo Security Administration photocopies are not acceptable Do Not Cut, Fold, or Staple Forms on This Page For y Act and Paperwork Reduce Me vespre CEL No 1011 22222 Void For Us OMB No 1545.000 Employer identication number EN 1 Water comparten 2 come tax w employers name and de Sosure whold 5 Medicare wage and tips Medicare tax withheld 7 Society tipe Alocated on Corrumber . 10 Dependent care benefits Employee's first rame and Sections for box 12 120 14 120 + Employee's address and IP code 1 Employer's order 19 Local was to 19 Local income tax my 20-- W-2 wage and Tax Statement Department of the Treasury Revenue Service Form For Privacy Act and Paperwork Reduction Copy A For Social Security Administration - Send is entire page with At Not see the prestructions Form W-3 to the Social Security Administration photocopes are not acceptable Cal No. 101340 Do Not Cut, Fold, or Staple Forms on This Page Empoy's Bounty Pumber 22222 Vold Employer con number Form Use Only OMB No 1545-0001 1 per compro Employer's name, address, and ZP code Medicare med d Columber 10 gender care benefits . Employee's first name and it Last name 11 Norge par 122 Gention for box 12 14 Other 120 124 Employee's address and ZP code 15 Employers ID number 10 wapes, tancome tax Locages 19 Local income tax FormW-2 Wage and Tax Statement 20--05 Department of the Treasury Device For Privacy Act and Paperwork Reduction Copy A For Social Security Administration - Send this entire page with Act Notice see the separate instructions Form W-3 tome sool Security Administration photocoples are not acceptable. Do Not Cut, Fold, or Staple Forms on This Page ce: Invernal Revenue Service 4-138 (continued) 2222 Void For Om Owly On No. 1545.000 por corpore Sewage and Alde 12a instructions for bot2 Lanta 1 Nonquedos 120 14 Other 120 12 10 Din. 17 income to 10 Local wage 119 Local income tax 20 Local W-2 wage and Tax Statement 20-- Department of the Treasurya Reverse Service Form For Privacy Act and Paperwork Reduction Copy A For Social Security Administration - Send this entre page with Act Notice see the parenti Form W-3 to the Social Security Administration photocopies are not acceptable Cal No 101340 Do Not Cut, Fold, or Staple Forms on This Page 22222 . Employee's security number Form Use Only OMB No 15456996 1 Wher concen Employer den number 2 For income tax with Empayers CP code 5 Medicare and 7 50 Mocando trployee's first rame and 11 hongedar Taructions for tox 12 1 Other 120 Employee's address and ZP code Employer's atto number W-2 Wage and Tax Statement 20- Form Copy A For Social Security Administration - Send this entire page with Form Wat the Social Security Admiration photocopies are not acceptable Do Not Cut, Fold, or Staple Forms on This Page So Internal Revenue Service For Priety Act and Paperwork Red A Notice Cal 10110 DO NOT STAPLE a Control number 33333 For Official Use Only OMB No. 1545-0000 b 941 Military 943 944 Kind None apply S01C non-govt. of Kind Hoid Payer Medicare of State local . gom.emp | Employer non 5010 State/local5010 Federal govt. Check one) Check on c Total number of Forms W-2 d Establishment number 2 Federal income tax withheld 1 Wages, tips, other compensation Third-party dick pey (Check applicable CT 1 . Employer identification number (EIN) 3 social security wages 4 Social security tax withheld f Employer's name 5 Medicare wages and tips 6 Medicare tax withheld 7 Social Security tips 8 Allocated tips 10 Dependent care benefits 11 Nonqualified plans 12a Deferred compensation g Employer's address and ZIP code h Other EIN used this year 13 For third-party sick pay use only 12b 15 State Employer's state ID number 14 Income tax withheld by payer of third-party sick pay 16 State wages, tips, etc. 17 State income tax 18 Local wages, tips, etc. 19 Local income tax Employer's contact person Employer's telephone number For Official Use Only Employer's fax number Employer's email address Under penalties of perjury, I declare that I have examined this return and accompanying documents and, to the best of my knowledge and belief, they are true, correct, and completo Signature Title Date Form W-3 Transmittal of Wage and Tax Statements 20-- Department of the Treasury Internal Revenue ferro Source: Internal Revenue Service. 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 fordi tribution 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. the following information obtained from the personnel and payroll records of the firm.complete copy of the six Assume each employee earned the same weekly salary for each of the 52 paydays in 20- the previous year. Using 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 19113-5545 Telephone number (215) $35.0017 Pennsylvania state identification number: 00-0-1066 Fax number: (215) 555-0010 Federal identification number: 00-0000972 Philadelphia identification number 0001895 Income Tax Information: The wuge-bracket method is used to determine federal income tax withholding Calculate the ammal federal income tax witheld by using the weekly wage bracket table and multiply the answer by 52. The other taxes otheld are shown below: Employee Data Payroll Data Annual Taxes Withheld See example of Randy A. Kellison's completed For W-2 on next page. Randy A. Kellison Single 54 Gradison Place $715 per week Social security tax withheld 2,105.16 Philadelphia, PA 19113-4054 SS#000-00-4310 Medicare tax withheld 539.24 State income tax withheld 1.141.40 Deduction for 401k plant Local income tax withheld 550/week 1.419.96 State unemployment tax withheld. 2236 Vince T. Roper Marned filing jointly 56 Andrews Court, Apt. 7 Social security tax withbeld 3.175.64 3985 per week Medicare tax withheld 742.56 Philadelphia, PA 19103-3356 SS:000-00-4804 State income tax withheld 1.572.48 Dependent care payment: $950 Local income tax withheld 1,982.76 $70/week-01 State unemployment tax withheld" 30.68 Murray T. Rodion Sinde Social security tax withheld 2,466.36 770 Camac Street $765 per week Medicare tax withheld $76.68 Philadelphia, PA 19101.3770 SS#000-00-3316 State income tax wichheid 1,221.48 Union dues withheld: 5102 Local income tax withheld 1.539.72 State unemployment tax withheld. 21.92 Frank A. Kent Married Hiling jointly Social security tax withheld 6,061:29 335 North Side Avenue 51.875 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 3.774.68 exceeding 550,000: $262.75 State unemployment tax withheld 58.76 S100/week 401(k) Carlie C. Christian Married filing jointly Social security tax withheld 2.514.72 4900 Gladwynne Terrace 5780 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 1.570.40 State unemployment tax withheld" 24.44 Zana W. Amelia Single Social security tax withheld 2,546.96 $790 per week Medicare tax withheld 480-A Hopkinson Tower 39592 Philadelphia, PA 19101-3301 SS 000-00-8703 State income tax withheld 1.261.00 Educational assistance payments Local income tax withheld 1.540.16 job required $675 State unemployment tax withheld" 24.44 S50/week-401(k) Must use percentage method to calculate federal income tax. **The cost of excess group-term life insurance is added to grow wages for federal income tax, Social Security, and Medi cire. Employers withhold OASDI and Hl 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 4-21 4-13B (continued) Fermin O No 1545.000 2444.00+. 22222 000-00-4310 Employercion IN 00-0000972 pyran N P code Onni Corporation 4800 River Road Philadelphia, PA 19113-5548 34580.00 Soodson 37180.00 Merendis 37180.00 2305.16 539.24 Allocated tipe 2600.00 . Employmes fra and Randy A Kellion 54 Gradison Place Philadelphia, PA 1911)-4054 12b NOT PA SUI 22:36 120 Employees and code PAL 00-0-1066 16 Sewage testament 31780.00 1141.40 18 Locages. Local come tax 37180.00 1439.96 Phila W-2 Wage and Tax Statement 20- -- Department of the Treasury Service For For Pracy Act and Paperwork Reduction Copy A For Social Security Administration - Send this entre page with Act Noi, see the particions. Form W-3 to the Social Security Administration photocopies are not comptable Cal No. 1013D Weekly salary $7is.00 - $50.00 Contribution for 401(k) x 52 weeks Federal Income Tax withheld $47.00 X 52 weeks Do Not Cut, Fold, or Staple Forms on This Page 22222 Vodny w security For Oficial Use Only OMON 1545-0006 brown number EN Employers are address and ZPCO Social weld Mecane wages 8 Alons d Counter . 10 Decendent cobert horquina 10 Other 12 's and 700d Employers W-2 wage and Tax Statement 20-- Copy A For Social Security Admiration - Send this entre page with Form wat he soo Security Administration photocopies are not acceptable Do Not Cut, Fold, or Staple Forms on This Page For y Act and Paperwork Reduce Me vespre CEL No 1011 22222 Void For Us OMB No 1545.000 Employer identication number EN 1 Water comparten 2 come tax w employers name and de Sosure whold 5 Medicare wage and tips Medicare tax withheld 7 Society tipe Alocated on Corrumber . 10 Dependent care benefits Employee's first rame and Sections for box 12 120 14 120 + Employee's address and IP code 1 Employer's order 19 Local was to 19 Local income tax my 20-- W-2 wage and Tax Statement Department of the Treasury Revenue Service Form For Privacy Act and Paperwork Reduction Copy A For Social Security Administration - Send is entire page with At Not see the prestructions Form W-3 to the Social Security Administration photocopes are not acceptable Cal No. 101340 Do Not Cut, Fold, or Staple Forms on This Page Empoy's Bounty Pumber 22222 Vold Employer con number Form Use Only OMB No 1545-0001 1 per compro Employer's name, address, and ZP code Medicare med d Columber 10 gender care benefits . Employee's first name and it Last name 11 Norge par 122 Gention for box 12 14 Other 120 124 Employee's address and ZP code 15 Employers ID number 10 wapes, tancome tax Locages 19 Local income tax FormW-2 Wage and Tax Statement 20--05 Department of the Treasury Device For Privacy Act and Paperwork Reduction Copy A For Social Security Administration - Send this entire page with Act Notice see the separate instructions Form W-3 tome sool Security Administration photocoples are not acceptable. Do Not Cut, Fold, or Staple Forms on This Page ce: Invernal Revenue Service 4-138 (continued) 2222 Void For Om Owly On No. 1545.000 por corpore Sewage and Alde 12a instructions for bot2 Lanta 1 Nonquedos 120 14 Other 120 12 10 Din. 17 income to 10 Local wage 119 Local income tax 20 Local W-2 wage and Tax Statement 20-- Department of the Treasurya Reverse Service Form For Privacy Act and Paperwork Reduction Copy A For Social Security Administration - Send this entre page with Act Notice see the parenti Form W-3 to the Social Security Administration photocopies are not acceptable Cal No 101340 Do Not Cut, Fold, or Staple Forms on This Page 22222 . Employee's security number Form Use Only OMB No 15456996 1 Wher concen Employer den number 2 For income tax with Empayers CP code 5 Medicare and 7 50 Mocando trployee's first rame and 11 hongedar Taructions for tox 12 1 Other 120 Employee's address and ZP code Employer's atto number W-2 Wage and Tax Statement 20- Form Copy A For Social Security Administration - Send this entire page with Form Wat the Social Security Admiration photocopies are not acceptable Do Not Cut, Fold, or Staple Forms on This Page So Internal Revenue Service For Priety Act and Paperwork Red A Notice Cal 10110 DO NOT STAPLE a Control number 33333 For Official Use Only OMB No. 1545-0000 b 941 Military 943 944 Kind None apply S01C non-govt. of Kind Hoid Payer Medicare of State local . gom.emp | Employer non 5010 State/local5010 Federal govt. Check one) Check on c Total number of Forms W-2 d Establishment number 2 Federal income tax withheld 1 Wages, tips, other compensation Third-party dick pey (Check applicable CT 1 . Employer identification number (EIN) 3 social security wages 4 Social security tax withheld f Employer's name 5 Medicare wages and tips 6 Medicare tax withheld 7 Social Security tips 8 Allocated tips 10 Dependent care benefits 11 Nonqualified plans 12a Deferred compensation g Employer's address and ZIP code h Other EIN used this year 13 For third-party sick pay use only 12b 15 State Employer's state ID number 14 Income tax withheld by payer of third-party sick pay 16 State wages, tips, etc. 17 State income tax 18 Local wages, tips, etc. 19 Local income tax Employer's contact person Employer's telephone number For Official Use Only Employer's fax number Employer's email address Under penalties of perjury, I declare that I have examined this return and accompanying documents and, to the best of my knowledge and belief, they are true, correct, and completo Signature Title Date Form W-3 Transmittal of Wage and Tax Statements 20-- Department of the Treasury Internal Revenue ferro Source: Internal Revenue Service