During the first full 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 $10.$

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$\mathrm{.}04\mathrm{.}13$A$.$Part$1).$ You will need the data from the first four W$-2$s on Part $1,$ along with the two W$-2$s 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 I. Volpe.

Income Tax Information:

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.

$*$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.

$**$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. Note: an entry must be made in Box $13.$

As we go to press, the federal income tax rates for $2023$ are being determined by budget talks in Washington, and are not available for publication. For this edition, the $2022$ federal income tax tables for Manual Systems with Forms W$-4$ from $2020$ or Later with Standard Withholding and $2022$ FICA rates have been used.