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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
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. 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 four Forms W- 2 reproduced below. On the second half of the problem (PR.04.13A.PART2) you will complete the other two W-2s and the W-3. The form is to be signed by the president, Kenneth T. Ford, and is prepared by Ralph I. Volpe. Company Information: Address: 4800 River Road Philadelphia, PA 19113-5548 Pennsylvania state identification number: 00-0-1066 Telephone number: (215) 555-0017 Federal identification number: 00-0000972 Fax number: (215) 555-0010 Philadelphia identification number: 0001895 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"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. Round your calculations and final answers to the nearest cent. 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.Ralph I. Volpe 5E- Andrews Court, Apt. 2' Philadelphia, PA191033356 Randi A. Myer 220 Camac Street Philadelphia, PA19101-3??0 Kenneth T. Ford 338 North Side Avenue Philadelphia, PA191306638 Chrissy C. Carman 4900 Gladwynne Terrace Philadelphia, PA191220049 Hal B. Zuber 480A Hopkinson Tower Philadelphia, PA19101-3301 Married ling jointly $285 per week 554': 000-008804 Dependent care payment: $950 $202week401[k) Single $885 per week 553:: 000-00-3316 Union dues withheld: $102 Married ling jointly $1,350 per week 553%: 000-006839 Cost of groupterm life insurance exceeding $50,000: $26275\" $100,r'week401(k] Married ling jointly $820 per week 553%: 000-005221 Union dues withheld: $102 Single $290 per week 551:: 000-00-8203 Educational assistance payments (jobrequired}: $625 $502week401ik} Social security tax withheld Medicare tax withheld State income tax withheld Local income tax withheld State unemployment tax withheld\" Social security tax withheld Medicare tax withheld State income tax withheld Local income tax withheld State unemployment tax withheld** Social security tax withheld Medicare tax withheld State income tax withheld Local income tax withheld State unemployment tax withheld\" Social security tax withheld Medicare tax withheld State income tax withheld Local income tax withheld State unemployment tax withheld\" Social security tax withheld Medicare tax withheld State income tax withheld Local income tax withheld State unemployment tax withheld** 2,530.84 591.26 1,253.20 1,562.28 24.44 2,853.24 662.16 1,412.84 1,266.96 22.56 4,368.69 1,021.92II 2,155.40 2,695.68 42.12 2,643.68 618.28 1,308.84 1,632.48 25.48 2,546.96 595.92 1,261.00 1,522.16 24.44 a Employee's social For Official Use Only security number 22222 Void O OMB No. 1545-0008 000-00-8804 b Employer identification number (EIN) 1 Wages, tips, other compensation 2 Federal income tax withheld 00-0000972 $ 3 Social security wages 4 Social security tax withheld c Employer's name, address, and ZIP code $ 2,530.84 5 Medicare wages and tips 6 Medicare tax withheld Quigley Corporation $ 591.76 4800 River Road Philadelphia, PA 19113-5548 7 Social security tips B Allocated tips $ $ d Control number 9 10 Dependent care benefits 950 e Employee's first name and initial Last name Suff 11 Nonqualified plans 12a See instructions for box 12 Ralph I. Volpe Code 13 12b 56 Andrews Court, Apt. 7 Code Philadelphia, PA 19103-3356 14 Other 12c Code f Employee's address and ZIP code 12d Code 15 State 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 name PA 00-0-1066 $ Phila Form W-2 Wage and Tax Statement 20-- Department of the Treasury-Internal Revenue Service 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 to the Social Security Administration; photocopies are not acceptable. Cat. No. 10134Da Employee's social For Official Use Only security number 22222 Void O OMB No. 1545-0008 000-00-3316 b Employer identification number (EIN) 1 Wages, tips, other compensation 2 Federal income tax withheld 00-0000972 $ 3 Social security wages 4 Social security tax withheld c Employer's name, address, and ZIP code $ 5 Medicare wages and tips 6 Medicare tax withheld Quigley Corporation $ $ 4800 River Road Philadelphia, PA 19113-5548 7 Social security tips 8 Allocated tips d Control number 9 10 Dependent care benefits e Employee's first name and initial Last name Suff. 11 Nonqualified plans 12a See instructions for box 12 Randi A. Myer Code 13 12b 770 Camac Street Code 14 Other 12c Philadelphia, PA 19101-3770 Code 12d f Employee's address and ZIP code Code 15 State 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 name PA 00-0-1066 Phila. Form W-2 Wage and Tax Statement 20- Department of the Treasury-Internal Revenue Service 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 to the Social Security Administration; photocopies are not acceptable. Cat. No. 101340For Official Use Only security number 22222 VoidO OMB No. 1545-0008 000-00-6839 Employer identification number (EIN) 1 Wages, tips, other compensation 2 Federal income tax withheld 00-0000972 3 Social security wages 4 Social security tax withheld Employer's name, address, and ZIP code 5 Medicare wages and tips 6 Medicare tax withheld Quigley Corporation 4800 River Road Philadelphia, PA 19113-5548 7 Social security tips 8 Allocated tips Control number 9 10 Dependent care benefits Employee's first name and initial Last name Suff. 11 Nonqualified plans 12a See instructions for box 12 Kenneth T. Ford Code 13 12b 338 North Side Avenue Code Philadelphia, PA 19130-6638 14 Other 12c Code Employee's address and ZIP code 12d Code 5 State 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 name PA 00-0-1065 Phila orm W-2 Wage and Tax Statement 20-- Department of the Treasury-Internal Revenue Service For Privacy Act and Paperwork Reduction opy A For Social Security Administration - Send this entire page with Act Notice, see the separate instructions.a Employee's social For Official Use Only security number 22222 Void O OMB No. 1545-0008 000-00-5771 b Employer identification number (EIN) 1 Wages, tips, other compensation 2 Federal income tax withheld 00-0000972 42,640 3 Social security wages 4 Social security tax withheld C Employer's name, address, and ZIP code $ 2,643.68 5 Medicare wages and tips 6 Medicare tax withheld Quigley Corporation $ 595.92 X 4800 River Road Philadelphia, PA 19113-5548 7 Social security tips 8 Allocated tips $ d Control number 9 10 Dependent care benefits e Employee's first name and initial Last name Suff. 11 Nonqualified plans 12a See instructions for box 12 Chrissy C. Carman Code 13 12b 4900 Gladwynne Terrace 14 Other Code 12c Philadelphia, PA 19127-0049 Code $ 12d f Employee's address and ZIP code Code 15 State 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 name PA 00-0-1066 $ $ Phila Form W-2 Wage and Tax Statement 20- Department of the Treasury-Internal Revenue Service 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 to the Social Security Administration; photocopies are not acceptable. Cat. No. 10134Da Employee's social For Official Use Only 22222 Void O security number OMB No. 1545-0008 000-00-8703 b Employer identification number (EIN) 1 Wages, tips, other compensation 2 Federal income tax withheld 00-0000972 3 Social security wages 4 Social security tax withheld c Employer's name, address, and ZIP code 5 Medicare wages and tips 6 Medicare tax withheld Quigley Corporation 4800 River Road Philadelphia, PA 19113-5548 7 Social security tips 8 Allocated tips d Control number 9 10 Dependent care benefits e Employee's first name and initial Last name Suff. 11 Nonqualified plans 12a See instructions for box 12 Hal B. Zuber Code 13 12b 480-A Hopkinson Tower 14 Other Code 12c Philadelphia, PA 19101-3301 Code f Employee's address and ZIP code 12d Code 15 State 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 name 00-0-1056 $ $ Phila Form W-2 Wage and Tax Statement 20-- Department of the Treasury-Internal Revenue Service 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 to the Social Security Administration; photocopies are not acceptable. Cat. No. 10134033333 a Control number OMB No. 1545-0008 b Kind of Payer Kind of Employer 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 f Employer's name 5 Medicare wages and tips 6 Medicare tax withheld Quigley Corporation 7 Social security tips 8 Allocated tips 4800 River Road 9 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 00-0-1056 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 Ralph I. Volpe (215) 555-0017 Employer's fax number Employer's email address (215) 555-0010 NA 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 complete. Signature > Kenneth T. Ford Title > President Date > 1/31/20 Department of the Treasury Form W-3 Transmittal of Wage and Tax Statements 20-- Source: Internal Revenue Service
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