During the first full week of 2018, the Payroll Department of Quigley Corporation is preparing the Forms W-2 for distribution to its employees along with their payroll checks on January 5. 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 2017. Using the following in- formation obtained from the personnel and payroll records of the firm, complete Copy A of the six Forms W-2 repro duced on the following pages. Also complete Form W.3. The form is to be signed by the president, Kenneth T. Ford and is prepared by Ralph L. Volpe. Company Information: 4800 River Road Philadelphia, PA 19113-5548 Pennsylvania state identification number: 00-0-1066 Address: Telephone number: (215) 555-0017 Fax number: (215) 555-0010 Federal identification number Philadelphia identification number: 0001895 Income Tax Information: The wage-bracket method is used to deternnine federal income tax withbolding. Calculate the annual federal income ta withbeld by using the weekly wage-bracket table and multiphy the answer by 52. The other taxes withheld are shown below Employee Data Kelly B. Roach 54 Gradison Place Philadelphia, PA 19113-4054 SS#1000-004310 Payroll Data Single, 1 allowance $715 per week Annual Taxes Withheld Social security tax withheld Medicare tax withheld 2,305.16 539.24 1.141.40 1,453.92 2,530.84 591.76 1,253.20 1,596.40 State income tax withheld Local income tax withheld Deduction for 401(k) plan: $50/week Married, 1 allowance $785 per week SS#: 000-00-8804 Dependent care payment: $9s0 $70/week-401(k Single, 0 allowances $885 per week SS#: 000-00-3316 Union dues withheld: $102 Married, 7 allowances $1,350 per week SS#: 000-00-6839 Cost of group-term life insurance exceeding $50,000: $262.75* $100/week-401(k) Married, 3 allowances $820 per week SS#: 000-00-5771 Union dues withheld: $102 Single, 1 allowance $790 per week SS#: 000-00-8703 Educational assistance payments (job 1,606.28 required): S675 S50/week-401(k) Ralph I. Volpe 56 Andrews Court, Apt.7 Philadelphia, PA 19103-3356 Social security tax withheld Medicare tax withheld Local Social security tax withheld State income tax withheld income tax withheld Randi A. Myer 770 Camac Street Philadelphia, PA 19101-3770 2.853.24 667.16 Medicare tax withheld 1,412.84 1,799.72 State income tax withheld Local income tax withheld Kenneth T. Ford 338 North Side Avenue Philadelphia, PA 19130-6638 4,368.69 1,021.97 2,155.40 2,745.08 Social security tax withheld Medicare tax withheld State income tax withheld Local income tax withheld Chrissy C. Carman 4900 Gladwynne Terrace Philadelphia, PA 19127-0049 2,643.68 Social security tax withheld 618.28 Medicare tax withheld 1,308.84 State income tax withheld 1,667.12 Local income tax withheld Hal B. Zuber 480-A Hopkinson Tower Philadelphia, PA 19101-3301 2,546.96 Social security tax withheld 595.92 Medicare tax withheld 1,261.00 State income tax withheld Local income tax withheld 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 Hl 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 4.7) During the first full week of 2018, the Payroll Department of Quigley Corporation is preparing the Forms W-2 for distribution to its employees along with their payroll checks on January 5. 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 2017. Using the following in- formation obtained from the personnel and payroll records of the firm, complete Copy A of the six Forms W-2 repro duced on the following pages. Also complete Form W.3. The form is to be signed by the president, Kenneth T. Ford and is prepared by Ralph L. Volpe. Company Information: 4800 River Road Philadelphia, PA 19113-5548 Pennsylvania state identification number: 00-0-1066 Address: Telephone number: (215) 555-0017 Fax number: (215) 555-0010 Federal identification number Philadelphia identification number: 0001895 Income Tax Information: The wage-bracket method is used to deternnine federal income tax withbolding. Calculate the annual federal income ta withbeld by using the weekly wage-bracket table and multiphy the answer by 52. The other taxes withheld are shown below Employee Data Kelly B. Roach 54 Gradison Place Philadelphia, PA 19113-4054 SS#1000-004310 Payroll Data Single, 1 allowance $715 per week Annual Taxes Withheld Social security tax withheld Medicare tax withheld 2,305.16 539.24 1.141.40 1,453.92 2,530.84 591.76 1,253.20 1,596.40 State income tax withheld Local income tax withheld Deduction for 401(k) plan: $50/week Married, 1 allowance $785 per week SS#: 000-00-8804 Dependent care payment: $9s0 $70/week-401(k Single, 0 allowances $885 per week SS#: 000-00-3316 Union dues withheld: $102 Married, 7 allowances $1,350 per week SS#: 000-00-6839 Cost of group-term life insurance exceeding $50,000: $262.75* $100/week-401(k) Married, 3 allowances $820 per week SS#: 000-00-5771 Union dues withheld: $102 Single, 1 allowance $790 per week SS#: 000-00-8703 Educational assistance payments (job 1,606.28 required): S675 S50/week-401(k) Ralph I. Volpe 56 Andrews Court, Apt.7 Philadelphia, PA 19103-3356 Social security tax withheld Medicare tax withheld Local Social security tax withheld State income tax withheld income tax withheld Randi A. Myer 770 Camac Street Philadelphia, PA 19101-3770 2.853.24 667.16 Medicare tax withheld 1,412.84 1,799.72 State income tax withheld Local income tax withheld Kenneth T. Ford 338 North Side Avenue Philadelphia, PA 19130-6638 4,368.69 1,021.97 2,155.40 2,745.08 Social security tax withheld Medicare tax withheld State income tax withheld Local income tax withheld Chrissy C. Carman 4900 Gladwynne Terrace Philadelphia, PA 19127-0049 2,643.68 Social security tax withheld 618.28 Medicare tax withheld 1,308.84 State income tax withheld 1,667.12 Local income tax withheld Hal B. Zuber 480-A Hopkinson Tower Philadelphia, PA 19101-3301 2,546.96 Social security tax withheld 595.92 Medicare tax withheld 1,261.00 State income tax withheld Local income tax withheld 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 Hl 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 4.7)