Payroll Accounting 201a 13A- LO3, 4 See Figure 4.7 on page 4-23, Figure 4.10 on page 4-28 During the first full week of 2019 distribution to its the Payroll Departmeat of Quigley Corporation is preparing the Forms in recording the different kinds of information required. W-2 fo complete six of sernibutioe to its employees akong with their payroll checks on January 4. In this problem, you will com the in oeder to employee earmed the same weekly salary for each of the 52 paydays in 2018. Using the nformation obeained from the personnel and payroll records of the firm, complete Copy A of the si reprodaced on the following pages Also complete Form W-3. The form is to be signed by the president, Kenneth T Company laformation Address: Telephone number: (215) 555-0017 00-0-1066 00-0000972 0001895 4800 River Road Philadelphia, Pennsylvania state identification number Federal identification number Philadelphia identification number: PA 19113-5548 Fax number: (215) 555-0010 Income Tax Informations The wage-bnacket method is ased to determine federal income lax eitbbolding. Calculate the annual federal income dowing the eekhy euge-bracket table and multiply the anssver by 52. The other taxes withbeld are showm belou Payroll Data Annual Taxes Withheld Employee Data Kelly B. Roach Social security tax withheld Medicare tax withheld 2,305.16 54 Gradison Place Philadelphia, PA 19113-4054 Single, 1 allowance $715 per week SS8: 000-00-4310 539.24 1,141.40 State income tax withheld Deduction for 401(k) plan: $S0/week 1,450.28 Local income tax withheld Married, 1 allowance Social security tax withheld Ralph I. Volpe 56 Andrews Court, Apt. Philadelphia, PA 19103-3356 SS: 000-00-8804 2,530.84 $785 per week 591.76 1,253.20 1,592.24 Medicare tax withheld State income tax withheld Local income tax withheld Dependent care payment: $950 Randi A. Myer 770 Camac Street Philadelphia, PA 19101-3770 2,853.24 Social security tax withheld $885 per week SSH: 000-00-3316 Union dues withheld: $102 Married, 7 allowances 51,350 per week SSM: 000-00-6839 Cost of group term life insurance exceeding $50,000: $262.75 $100/week-401(k) 667.16 Medicare tax withheld 1,412.84 State income tax withheld 1,795.04 Local income tax withheld 4,368.69 Social security tax withheld 1,021.97 2,155.40 Kenneth T. Ford 338 North Side Avenue Medicare tax withheld Philadelphia, PA 19130-6638 State income tax withheld Local income tax withheld 2,738.32 Chrissy C. Carman 4900 Gladwynne Terrace Philadelphia, PA 19127-0049 Married, 3 allowances 5820 per week 2,643.68 618.28 Medicare tax withheld Social security tax withheld SS#: 000-00-5771 1,308.84 State income tax withheld 1,662.96 Local income tax withheld Union dues withheld: $102 Hal B. Zuber 480-A Hopkinson Tower Philadelphia, PA 19101-3301 Single, 1 allowance $790 per week SS#: 000-00-8703 Educational assistance payments (job-required): $675 $50/weck-401(k) 2,546.96 595.92 Medicare tax withheld Social security tax withheld 1,261.00 State income tax withheld The cost of excess group term life insurance is added to gross wages for federal income tax, Social Security, and Med Employers withhold OASDI and HI tax on these amounts but are not required to withhold federal income tax. Th is not added to gross wages for state and local taxes; therefore, it is not subject to those taxes (see Figure 4.7) Payroll Accounting 201a 13A- LO3, 4 See Figure 4.7 on page 4-23, Figure 4.10 on page 4-28 During the first full week of 2019 distribution to its the Payroll Departmeat of Quigley Corporation is preparing the Forms in recording the different kinds of information required. W-2 fo complete six of sernibutioe to its employees akong with their payroll checks on January 4. In this problem, you will com the in oeder to employee earmed the same weekly salary for each of the 52 paydays in 2018. Using the nformation obeained from the personnel and payroll records of the firm, complete Copy A of the si reprodaced on the following pages Also complete Form W-3. The form is to be signed by the president, Kenneth T Company laformation Address: Telephone number: (215) 555-0017 00-0-1066 00-0000972 0001895 4800 River Road Philadelphia, Pennsylvania state identification number Federal identification number Philadelphia identification number: PA 19113-5548 Fax number: (215) 555-0010 Income Tax Informations The wage-bnacket method is ased to determine federal income lax eitbbolding. Calculate the annual federal income dowing the eekhy euge-bracket table and multiply the anssver by 52. The other taxes withbeld are showm belou Payroll Data Annual Taxes Withheld Employee Data Kelly B. Roach Social security tax withheld Medicare tax withheld 2,305.16 54 Gradison Place Philadelphia, PA 19113-4054 Single, 1 allowance $715 per week SS8: 000-00-4310 539.24 1,141.40 State income tax withheld Deduction for 401(k) plan: $S0/week 1,450.28 Local income tax withheld Married, 1 allowance Social security tax withheld Ralph I. Volpe 56 Andrews Court, Apt. Philadelphia, PA 19103-3356 SS: 000-00-8804 2,530.84 $785 per week 591.76 1,253.20 1,592.24 Medicare tax withheld State income tax withheld Local income tax withheld Dependent care payment: $950 Randi A. Myer 770 Camac Street Philadelphia, PA 19101-3770 2,853.24 Social security tax withheld $885 per week SSH: 000-00-3316 Union dues withheld: $102 Married, 7 allowances 51,350 per week SSM: 000-00-6839 Cost of group term life insurance exceeding $50,000: $262.75 $100/week-401(k) 667.16 Medicare tax withheld 1,412.84 State income tax withheld 1,795.04 Local income tax withheld 4,368.69 Social security tax withheld 1,021.97 2,155.40 Kenneth T. Ford 338 North Side Avenue Medicare tax withheld Philadelphia, PA 19130-6638 State income tax withheld Local income tax withheld 2,738.32 Chrissy C. Carman 4900 Gladwynne Terrace Philadelphia, PA 19127-0049 Married, 3 allowances 5820 per week 2,643.68 618.28 Medicare tax withheld Social security tax withheld SS#: 000-00-5771 1,308.84 State income tax withheld 1,662.96 Local income tax withheld Union dues withheld: $102 Hal B. Zuber 480-A Hopkinson Tower Philadelphia, PA 19101-3301 Single, 1 allowance $790 per week SS#: 000-00-8703 Educational assistance payments (job-required): $675 $50/weck-401(k) 2,546.96 595.92 Medicare tax withheld Social security tax withheld 1,261.00 State income tax withheld The cost of excess group term life insurance is added to gross wages for federal income tax, Social Security, and Med Employers withhold OASDI and HI tax on these amounts but are not required to withhold federal income tax. Th is not added to gross wages for state and local taxes; therefore, it is not subject to those taxes (see Figure 4.7)