Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PSC 6 - 8 Complete Form W - 3 Complete the W - 3 Form for Acme Brakes ( Employer Identification # 9 9 -

PSC 6-8 Complete Form W-3
Complete the W-3 Form for Acme Brakes (Employer Identification #99-9999999). The company (located at 599 Carolina Avenue, Clifton, NJ 07011) does not use control numbers. Total employee compensation (gross pay) for the year was $841,000, and annual retirement plan contributions totaled $19,300. Federal income tax withholding totaled $109,000 for the year. Of the company's six employees, only one had earnings subject to Social Security tax that did not exceed $160,200(this employee earned $15,500). New Jersey State earnings subject to income tax with income tax withholding. State income tax withholding totaled $48,400, with no local taxes withheld. The employer's New Jersey state ID number is the same as its federal Employer Identification Number. The form is signed by the CEO of the company, Tyler Green (telephone #863-555-1212), and is submitted on the due date. The company files Form 941 during the year and selects "None apply" in the Kind of Employer section.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Ethical Obligations And Decision Making In Accounting Text And Cases

Authors: Steven Mintz, Roselyn Morris

2nd Edition

0078025281, 9780078025280

More Books

Students also viewed these Accounting questions