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Create a W-2: Paige is employed as a nuclear engineer with Atom Systems Consultants, Inc. (ASCI). Her annual salary is $73,000. ASCI has an extensive

Create a W-2:

  1. Paige is employed as a nuclear engineer with Atom Systems Consultants, Inc. (ASCI). Her annual salary is $73,000. ASCI has an extensive fringe benefits program for its employees. Paiges pay stubs indicate that she had $7,550 withheld in federal taxes, $5,010 in state taxes, and $4,510 in Social Security taxes, and $1,062 in Medicare taxes. Her taxable compensation includes the following:

Salary (before subtracting her 401(k) and flexible spending plan contributions). $73,000-- Personal contribution to 401k account(7000)-- Flexible spending plan contributions(3600)+ Group term life insurance100+ Whole life insurance310+ Payment of educational costsSee a below+ Free parkingSee b below+ Health club dues900+ Disability pay (see #7 below)1,200

Paige furnishes you with the following description of the fringe benefits she received from ASCI in 2023.

  1. Taking advantage of ASCIs educational assistance program, during the fall Paige enrolled in two graduate engineering classes at a local college. ASCI paid her tuition, fees, and other course-related costs of $2,300.
  2. Paige received free parking in the companys security garage that would normally cost $200 per month.

  1. Paige manages the safety program for ASCI. In recognition of her superior handling of three potential crises during the year 2023, Paige was awarded the Employee Safety Award on December 15, 2023. The cash award was $550.

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