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Facts: Peter and Samantha Holland (ages 42 and 39) are married and live in Charlotte, NC. Their address is 1308 Chatham Ave, Charlotte, NC
Facts: Peter and Samantha Holland (ages 42 and 39) are married and live in Charlotte, NC. Their address is 1308 Chatham Ave, Charlotte, NC 28205. They have 2 children, Jack (age 12) and Gwen (age 8). Peter and Samantha's nephew, Henry (age 4), moved in with them during the year when Henry's parents died. Their social security numbers are: Peter 111-22-4242 Samantha 222-33-3939 Jack 333-44-1212 Gwen 444-55-8888 Henry 555-66-4444 1. Peter Holland is employed as a senior engineer for Oscorp Industries. He provides the following Form W-2 information: Line 1 Wages, tips, other compensation Line 2 Federal income tax withheld Line 3 Social Security wages Line 4 Social Security tax withheld Line 5 Medicare wages and tips Line 6 Medicare tax withheld $182,000 26,000 137,700 8,537 200,000 Line 17 State income tax withheld 2,900 8,100 He participates in Oscorp's 401(k) plan as well as the nonqualified deferred compensation plan offered to key employees. He deferred $13,000 of salary in the NQDC plan during 2020. 2. Samantha works part-time while Henry is in preschool. She provides the following Form W-2 information: Line 1 Wages, tips, other compensation Line 2 Federal income tax withheld Line 3 Social Security wages Line 4 Social Security tax withheld Line 5 Medicare wages and tips Line 6 Medicare tax withheld Line 17 State income tax withheld $ 23,000 550 23,000 1,426 23,000 334 110
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