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During the first full week of 2 0 - - , the Payroll Department of Quigley Corporation is preparing the Forms W - 2 for
During the first full week of the Payroll Department of Quigley Corporation is preparing the Forms W for distribution to its employees along with their payroll checks on January 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 paydays in 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 reproduced below. Also complete Form W This is the second half of the problem that began with PRAPart You will need the data from the first four Ws on Part along with the two Ws in this problem to complete the Form W The form is to be signed by the president, Kenneth T Ford, and is prepared by Ralph I. Volpe. Company Information: Address: River Road Philadelphia, PA Pennsylvania state identification number: Telephone number: Federal identification number: Fax number: Philadelphia identification number: Income Tax Information: The wagebracket method is used to determine federal income tax withholding. Calculate the annual federal income tax withheld by using the weekly wagebracket table and multiply the answer by The other taxes withheld are shown below. Employee Data Payroll Data Annual Taxes Withheld Kelly B Roach Single Social security tax withheld $ Gradison Place $ per week Medicare tax withheld Philadelphia, PA SS#: State income tax withheld Deduction for k plan: $week Local income tax withheld State unemployment tax withheld Ralph I. Volpe Married filing jointly Social security tax withheld Andrews Court, Apt. $ per week Medicare tax withheld Philadelphia, PA SS#: State income tax withheld Dependent care payment: $ Local income tax withheld $weekk State unemployment tax withheld Randi A Myer Single Social security tax withheld Camac Street $ per week Medicare tax withheld Philadelphia, PA SS#: State income tax withheld Union dues withheld: $ Local income tax withheld State unemployment tax withheld Kenneth T Ford Married filing jointly Social security tax withheld North Side Avenue $ per week Medicare tax withheld Philadelphia, PA SS#: State income tax withheld Cost of groupterm life insurance exceeding $: $ $weekk Local income tax withheld State unemployment tax withheld Chrissy C Carman Married filing jointly Social security tax withheld Gladwynne Terrace $ per week Medicare tax withheld Philadelphia, PA SS#: State income tax withheld Union dues withheld: $ Local income tax withheld State unemployment tax withheld Hal B Zuber Single Social security tax withheld A Hopkinson Tower $ per week Medicare tax withheld Philadelphia, PA SS#: State income tax withheld Educational assistance payments Local income tax withheld jobrequired: $ $weekk State unemployment tax withheld The cost of excess groupterm 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 State unemployment tax withheld for Pennsylvania labeled as PA SUI on Form W Box If an amount box does not require an entry, leave it blank. As we go to press, the federal income tax rates for are being determined by budget talks in Washington and not available for publication. For this edition, the federal income tax tables for Manual Systems with Forms W from or Later with Standard Withholding and FICA rates have been used. Click here to access the WageBracket Method Tables. Void a Employee's social security number For Official Use Only OMB No b Employer identification number EIN Wages, tips, other compensation $fill in the blank Federal income tax withheld $fill in the blank c Employer's name, address, and ZIP code Quigley Corporation River Road Philadelphia, PA Social security wages $fill in the blank
During the first full week of the Payroll Department of Quigley Corporation is preparing the Forms W for distribution to its employees along with their payroll checks on January 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 paydays in 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 reproduced below. Also complete Form W This is the second half of the problem that began with PRAPart You will need the data from the first four Ws on Part along with the two Ws in this problem to complete the Form W The form is to be signed by the president, Kenneth T Ford, and is prepared by Ralph I. Volpe.
Company Information:
Address: River Road
Philadelphia, PA Pennsylvania state identification number:
Telephone number: Federal identification number:
Fax number: Philadelphia identification number:
Income Tax Information:
The wagebracket method is used to determine federal income tax withholding. Calculate the annual federal income tax withheld by using the weekly wagebracket table and multiply the answer by The other taxes withheld are shown below.
Employee Data Payroll Data Annual Taxes Withheld
Kelly B Roach Single Social security tax withheld $
Gradison Place $ per week Medicare tax withheld
Philadelphia, PA SS#: State income tax withheld
Deduction for k plan: $week Local income tax withheld
State unemployment tax withheld
Ralph I. Volpe Married filing jointly Social security tax withheld
Andrews Court, Apt. $ per week Medicare tax withheld
Philadelphia, PA SS#: State income tax withheld
Dependent care payment: $ Local income tax withheld
$weekk State unemployment tax withheld
Randi A Myer Single Social security tax withheld
Camac Street $ per week Medicare tax withheld
Philadelphia, PA SS#: State income tax withheld
Union dues withheld: $ Local income tax withheld
State unemployment tax withheld
Kenneth T Ford Married filing jointly Social security tax withheld
North Side Avenue $ per week Medicare tax withheld
Philadelphia, PA SS#: State income tax withheld
Cost of groupterm life insurance
exceeding $: $
$weekk Local income tax withheld
State unemployment tax withheld
Chrissy C Carman Married filing jointly Social security tax withheld
Gladwynne Terrace $ per week Medicare tax withheld
Philadelphia, PA SS#: State income tax withheld
Union dues withheld: $ Local income tax withheld
State unemployment tax withheld
Hal B Zuber Single Social security tax withheld
A Hopkinson Tower $ per week Medicare tax withheld
Philadelphia, PA SS#: State income tax withheld
Educational assistance payments Local income tax withheld
jobrequired: $
$weekk State unemployment tax withheld
The cost of excess groupterm 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
State unemployment tax withheld for Pennsylvania labeled as PA SUI on Form W Box
If an amount box does not require an entry, leave it blank.
As we go to press, the federal income tax rates for are being determined by budget talks in Washington and not available for publication. For this edition, the federal income tax tables for Manual Systems with Forms W from or Later with Standard Withholding and FICA rates have been used.
Click here to access the WageBracket Method Tables.
Void a Employee's social security number
For Official Use Only
OMB No
b Employer identification number EIN
Wages, tips, other compensation
$fill in the blank
Federal income tax withheld
$fill in the blank
c Employer's name, address, and ZIP code
Quigley Corporation
River Road
Philadelphia, PA
Social security wages
$fill in the blank
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