Question
During the first full week of 2020, the Payroll Department of Omni Corporation is preparing the Forms W-2 for distribution to its employees along with
During the first full week of 2020, the Payroll Department of Omni Corporation is preparing the Forms W-2 for distribution to its employees along with their payroll checks on January 4. 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 2019. 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 04-13B -Part 2) you will complete the other two W-2s and the W-3. The form is to be signed by the president, Frank Kent, and is prepared by Vince Roper.
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 below. | |||
Employee Data | Payroll Data | Annual Taxes Withheld | |
Randy A. Kellison | Single, 2 allowances | 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 | 1,446.64 | |
State unemployment tax withheld*** | 22.36 |
Hint: group term life insurance premiums are includable in Boxes 1, 3 and 5.
22222 | Void | a Employee's social security number 000-00-4310 | For Official Use Only OMB No. 1545-0008 | ||||
b Employer identification number (EIN) 00-0000972 | 1 Wages, tips, other compensation $ | 2 Federal income tax withheld $ | |||||
c Employer's name, address, and ZIP code Omni Corporation 4800 River Road Philadelphia, PA 19113-5548 | 3 Social security wages $ | 4 Social security tax withheld $2305.16 | |||||
5 Medicare wages and tips $ | 6 Medicare tax withheld $539.24 | ||||||
7 Social security tips $ | 8 Allocated tips $ | ||||||
d Control number | 9 Verification code | 10 Dependent care benefits $ | |||||
e Employee's first name and initial Randy A. | Last name Kellison | Suff. | 11 Nonqualified plans | 12a See instructions for box 12 | |||
54 Gradison Place Philadelphia, PA 19113-4054 f Employee's address and ZIP code | |||||||
13 Retirement plan | Code D | $ | |||||
12b | |||||||
14 Other PA SUI 22.36 | Code | $ | |||||
12c | |||||||
Code | $ | ||||||
12d | |||||||
Code | $ |
15 State PA | Employer's state ID number 00-0-1066 | 16 State wages, tips, etc. $ | 17 State income tax $1141.40 | 18 Local wages, tips, etc. $ | 19 Local income tax $1446.64 | 20 Locality name Phila. | |
Form W-2 Wage and Tax Statement | 20-- | Department of the TreasuryInternal Revenue Service For Privacy Act and Paperwork Reduction Act Notice, see back of Copy D. |
I filled out what I know but for some reason can't figure out the rest!!
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