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During the first ful week of 20-, the Payroll Department of Quigley Corporation is preparing the Forms W-2 for distribution to its employees along with

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During the first ful week of 20-, the Payroll Department of Quigley 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 last two Forms W-2 reproduced below. Also complete Form W-3. This is the second half of the problem that began with (PR.04.13A Parti). You will need the data from the first four W-2s on Part 1, along with the two W-2s in this problem to complete the Form W-3. The form is to be signed by the president, Kenneth T. Ford, and is prepared by Ralph L. Volpe. Company Information Address: 4800 River Road Philadelphia, PA 19113-5548 00-0-1066 Telephone number: (215) 555-0017 Fax number: (215) 555-0010 Pennsylvania state identification number: Federal identification number: Philadelphia identification number: 00-0000972 0001895 Income Tax Informations The wage-bracket method is used to determine federal income tax withholding. Calculate the annual federal income tax withheld by using the weekly wage-bracket table and multiply the answer by 52. The other taxes withheld are shown below Employee Data Payroll Data Annual Taxes Withheld Kelly B. Roach Single, 1 allowance 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: $50/week Local income tax withheld 1.443.00 State unemployment tax withheld" 22.36 Ralph I. Volpe Married, 1 allowance Social Security tax withheld 2,530.84 56 Andrews Court, Apt. 7 $785 per week Medicare tax withheld 591.76 Philadelphia, PA 19103-3356 SS: 000-00-3204 State income tax withheld 1,253.20 Dependent care payment: $950 Local income tax withheld 1,584.44 $70/week--401(k) State unemployment tax withheld" 24.44 eBook Randi A. Myer Single, 0 allowances Social security tax withheld 2,853.24 770 Camac Street $885 per week Medicare tax withheld 667.16 Philadelphia, PA 19101-3770 Sse: 000-00-3316 State income tax withheld 1,412.84 Union dues withheld: $102 Local income tax withheld 1,786.20 State unemployment tax withheld" 27.56 Kenneth T. Ford Married, 7 allowances Social security tax withheld 4,368,69 338 North Side Avenue $1,350 per week Medicare tax withheld 1,021.97 Philadelphia, PA 19130-6638 SS#: 000-00-6839 State income tax withheld 2,155.40 Cost of group-term life insurance Local income tax withheld 2,724.28 exceeding $50,000: $262.75 State unemployment tax withheld 42.12 $100/week--401(K) Thrissy C Carman Married, 3 allowances Social security tax withheld 2,643.68 1900 Gladwynne Terrace $820 per week Medicare tax withheld 618.28 Philadelphia, PA 19127-0049 SS#: 000-00-5271 State income tax withheld 1,308.84 Union dues withheld: $102 Local income tax withheld 1,654.64 State unemployment tax withheld" Hal B. Zuber 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 $50/week--401(k) State unemployment tax withheld" 24.44 "The cost of excess group-term life insurance is added to gross wages for federal income tax, Social Security, and Medicare. 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 If an amount box does not require an entry, leave it blank. 25.48 Click here to access the Wage-Bracket Method Tables 22 000-00- OMB No. 1545-0008 5771 Identification number (EIN) 1 Wages, tips, other compensation 2 Federal income tax withheld 00-0000972 3 Social security wages 4 Social security tax withheld name, address, and ZIP code 5 Medicare wages and tips 6 Medicare tax withheld Corporation Iver Road phia, PA 19113-5548 7 Social security tips 3 Allocated tips umber 10 Dependent care benefits first name and initial Last name Suff 11 Nonqualified plans 12a See Instructions for box 12 Chrissy Carman Code 13 12b 14 Other ladwyrve Terrace plphia, PA 19:27-0049 Code 120 Code 120 Code s address and ZIP code 16 State Wages, tips, etc 17 State income tax 18 Local wages, tips, 19 local income tax Employer's state ID number 00-0-1066 20 Locality Phila eBook identification number (EIN) 1 Wages, tips, other compensation 2 Federal income tax withheld 00-0000972 s name, address, and ZIP code 3 Sodal security wages 4 Social security tax withheld 5 Medicare wages and tips 6 Medicare tax withheld Corporation ver Road lphia, PA 19113-5548 7 Social security tips 8 Allocated tips umber 10 Dependent care benefits 's First name and initial Last name Sufr 11 Nonqualified plans 12a See instructions for box 12 Hal B. Zuber Code 13 Hopkinson Tower 12b 14 Other phia, PA 19101-3301 Code 126 Code s address and ZIP code 12d Code Employer's state ID number 16 State wages, tips, etc. 17 State income tax 18 Local wages, tips, etc. 19 Local income tax 20 Locality 00-0-1066 Phila eBook Source: Internal Revenue Service For Official Use Only 33333 a Control number OMB No. 1545-0008 Kind of Employer b kind of Payer Third-party sick pay c Total number of forms W-2 1 Wages, tips, other compensation 2 Federal income tax withheld d Establishment number e Employer Identification number (EIN) 3 Social security wages 4 Social Security tax withheld 00-0000972 Employer's name 5 Medicare wages and tips 6 Medicare tax withheld Quigley Corporation 7 Social security tips 8 Alocated tips 4800 River Road 10 Dependent care benefits Philadelphia, PA 19113-5548 11 Nonqualified plans 12a Deferred compensation g Employer's address and ZIP code 13 For third-party sick pay use only 12b h Other EIN used this year 15 State Employer's state ID number 14 Income tax withheld by payer of third-party sick pay PA 00-0-1066

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