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Hello, I need help with this question.. Thank you Wage and Tax Statement Project During the first full week of 2017, the Payroll Department of

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I need help with this question.. Thank you

Wage and Tax Statement Project

During the first full week of 2017, the Payroll Department of Quigley Corporation is preparing the Forms W-2 for distribution to its employees along with their payroll checks on January 6. 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 2016. Using the following information obtained from the personnel and payroll records of the firm, complete Copy A of the six Forms W-2. Also complete Form 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

Telephone number:

(215) 555-0017

Fax number:

(215) 555-0010

Pennsylvania state identification number:

00-0-1066

Federal identification number:

00-0000972

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. Taxable income for state and local taxes is not reduced by 401k contributions.

Employee Data

Payroll Data

Annual Taxes Withheld

Kelly B. Roach

Single, 1 allowance

Social security

2,305.16

54 Gradison Place

Wages: $715 per week

Medicare

539.24

Philadelphia, PA

SSN: 000-00-4310

State income tax

1,141.40

19113-4054

401k: $50 per week

Local income tax

1,457.56

Employee Data

Payroll Data

Annual Taxes Withheld

Ralph I. Volpe

Married, 1 allowance

Social security

2,530.84

56 Andrews Court, Apt. 7

Wages: $785 per week

Medicare

591.76

Philadelphia, PA

SSN: 000-00-8804

State income tax

1,253.20

19103-3356

401k: $70 per week

Local income tax

1,600.04

Dependent care: $950

Employee Data

Payroll Data

Annual Taxes Withheld

Randi A. Myer

Single, 0 allowances

Social security

2,853.24

770 Camac Street

Wages: $885 per week

Medicare

667.16

Philadelphia, PA

SSN: 000-00-3316

State income tax

1,412.84

19101-3770

Union dues: $102

Local income tax

1,803.88

Employee Data

Payroll Data

Annual Taxes Withheld

Kenneth T. Ford

Married, 7 allowances

Social security

4,368.69

338 North Side Avenue

Wages: $1,350 per week

Medicare

1,021.97

Philadelphia, PA

SSN: 000-00-6839

State income tax

2,155.40

19130-6638

401k: $100 per week

Local income tax

2,751.84

Cost of group life insurance exceeding $50,000: $262.75

No income tax withheld on insurance cost, but FICA taxes are withheld.

Employee Data

Payroll Data

Annual Taxes Withheld

Chrissy C. Carman

Married, 3 allowances

Social security

2,643.68

4900 Gladwynne Terrace

Wages: $820 per week

Medicare

618.28

Philadelphia, PA

SSN: 000-00-5771

State income tax

1,308.84

19127-0049

Union dues: $102

Local income tax

1,671.28

Employee Data

Payroll Data

Annual Taxes Withheld

Hal B. Zuber

Single, 1 allowance

Social security

2,546.96

480-A Hopkinson Tower

Wages: $790 per week

Medicare

595.92

Philadelphia, PA

SSN: 000-00-8703

State income tax

1,261.00

19101-3301

401k: $50 per week

Local income tax

1,610.44

Educational assistance payments (job-required): $675

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