Taxes During the first full week of 2018, the Payroll Department of Omni Corporation is preparing the Forms W 2 for distribution to its employees along with their payroll checks on January 5 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 2017 Using the following information obtained from the personnel and payroll records of the firm, complete Copy A of the six Forms W 2 reproduced below Also complete Form 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 allowance 2,305 16 Social security tax withheld 54 Gradison Place $715 per week 539 24 Medicare tax withheld Philadelphia, PA 19113 4054 SS 000 00 4310 1,141 40 State income tax withheld Deduction for 401(k) plan $50 week 1,453 92 Local income tax withheld Vince T Roper Married, 3 allowance 3175 64 Social security tax withheld 56 Andrews Court, Apt 7 $985 per week 742 56 Medicare tax withheld Philadelphia, PA 19103 3356 SS 000 00 8804 1,572 48 State income tax withheld Dependent care payment $950 2003 04 Local income tax withheld $70 week401(k) Murry T Rodson Single, 0 allowances 2466 36 Social security tax withheld 770 Camac Street $765 per week 576 68 Medicare tax withheld Philadelphia, PA 19101 3770 SS 000 00 3316 1221 48 State income tax withheld Union dues withheld $102 1555 32 Local income tax withheld Frank A Kent Married, 6 allowances 6061 29 Social security tax withheld 338 North Side Avenue $1875 per week 1,417 69 Medicare tax withheld Philadelphia, PA 19130 6638 SS 000 00 6839 2993 12 State income tax withheld Cost of group term life insurance 3812 64 Local income tax withheld exceeding $50,000 $262 75 a $100 week401(k) Charlie C Christian Married, 5 allowances 2514 72 Social security tax withheld 4900 Gladwynne Terrace $780 per week 588 12 Medicare tax withheld Philadelphia, PA 19127 0049 SS 000 00 5771 1245 40 State income tax withheld Union dues withheld $102 1586 00 Local income tax withheld Zana W Amelia Single, 1 allowance 2,546 96 Social security tax withheld 480 A Hopkinson Tower $790 per week 595 92 Medicare tax withheld Philadelphia, PA 19101 3301 SS 000 00 8703 1,261 00 State income tax withheld Educational assistance payments (job required) $675 1,606 28 Local income tax withheld $50 week401(k) Must use percentage method to calculate federal income tax The cost of excess group term life insurance is added to gross wages for federal income tax, Social Security, and Medicare Employers withhold OASDI and HI tax on these amounts but are not required to withhold federal income tax The cost is not added to gross wages for state and local taxes therefore, it is not subject to those taxes (See Figure 4 7) If an amount box does not require an entry, leave it blank Round your calculations and final answers to the nearest cent Note You must enter in the hyphens in the social security numbers, employer identification number, etc Click here to access the Wage Bracket Method Tables 22222 Void a Employee's social security number For Official Use Only OMB No 1545 0008 b Employer identification number (EIN) 1 Wages, tips, other compensation $ 2 Federal income tax withheld $ c Employer's name, address, and ZIP code Quigley Corporation 4800 River Road Philadelphia, PA 19113 5548 3 Social security wages $ 4 Social security tax withheld $ 5 Medicare wages and tips $ 6 Medicare tax withheld $ 7 Social security tips $ 8 Allocated tips $ d Control number 9 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 Code $ 12b 14 Other Code $ 12c Code $ 12d Code $ 15 State Employer's state ID number 16 State wages, tips, etc $ 17 State income tax $ 18 Local wages, tips, etc $ 19 Local income tax $ 20 Locality name 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 22222 Void a Employee's social security number For Official Use Only OMB No 1545 0008 b Employer identification number (EIN) 1 Wages, tips, other compensation $ 2 Federal income tax withheld $ c Employer's name, address, and ZIP code Quigley Corporation 4800 River Road Philadelphia, PA 19113 5548 3 Social security wages $ 4 Social security tax withheld $ 5 Medicare wages and tips $ 6 Medicare tax withheld $ 7 Social security tips $ 8 Allocated tips $ d Control number 9 10 Dependent care benefits $ e Employee's first name and initial Vince T Last name Roper Suff 11 Nonqualified plans 12a See instructions for box 12 56 Andrews Court, Apt 7 Philadelphia, PA 19103 3356 f Employee's address and ZIP code 13 Code $ 12b 14 Other Code $ 12c Code $ 12d Code $ 15 State Employer's state ID number 16 State wages, tips, etc $ 17 State income tax $ 18 Local wages, tips, etc $ 19 Local income tax $ 20 Locality name 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 22222 Void a Employee's social security number For Official Use Only OMB No 1545 0008 b Employer identification number (EIN) 1 Wages, tips, other compensation $ 2 Federal income tax withheld $ c Employer's name, address, and ZIP code Quigley Corporation 4800 River Road Philadelphia, PA 19113 5548 3 Social security wages $ 4 Social security tax withheld $ 5 Medicare wages and tips $ 6 Medicare tax withheld $ 7 Social security tips $ 8 Allocated tips $ d Control number 9 10 Dependent care benefits $ e Employee's first name and initial Murry T Last name Rodson Suff 11 Nonqualified plans 12a See instructions for box 12 770 Camac Street Philadelphia, PA 19101 3770 f Employee's address and ZIP code 13 Code $ 12b 14 Other Code $ 12c Code $ 12d Code $ 15 State Employer's state ID number 16 State wages, tips, etc $ 17 State income tax $ 18 Local wages, tips, etc $ 19 Local income tax $ 20 Locality name 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 22222 Void a Employee's social security number For Official Use Only OMB No 1545 0008 b Employer identification number (EIN) 1 Wages, tips, other compensation $ 2 Federal income tax withheld $ c Employer's name, address, and ZIP code Quigley Corporation 4800 River Road Philadelphia, PA 19113 5548 3 Social security wages $ 4 Social security tax withheld $ 5 Medicare wages and tips $ 6 Medicare tax withheld $ 7 Social security tips $ 8 Allocated tips $ d Control number 9 10 Dependent care benefits $ e Employee's first name and initial Frank A Last name Kent Suff 11 Nonqualified plans 12a See instructions for box 12 338 North Side Avenue Philadelphia, PA 19130 6638 f Employee's address and ZIP code 13 Code $ 12b 14 Other Code $ 12c Code $ 12d Code $ 15 State Employer's state ID number 16 State wages, tips, etc $ 17 State income tax $ 18 Local wages, tips, etc $ 19 Local income tax $ 20 Locality name 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 e Employee's first name and initial Carlie C Last name Cristian Suff 11 Nonqualified plans 12a See instructions for box 12 4900 Gladwynne Terrace Philadelphia, PA 19127 0049 f Employee's address and ZIP code 13 Code $ 12b 14 Other Code $ 12c Code $ 12d Code $ 15 State Employer's state ID number 16 State wages, tips, etc $ 17 State income tax $ 18 Local wages, tips, etc $ 19 Local income tax $ 20 Locality name 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 e Employee's first name and initial Zana W Last name Amelia Suff 11 Nonqualified plans 12a See instructions for box 12 480 A Hopkinson Tower Philadelphia, PA 19101 3301 f Employee's address and ZIP code 13 Code $ 12b 14 Other Code $ 12c Code $ 12d Code $ 15 State Employer's state ID number 16 State wages, tips, etc $ 17 State income tax $ 18 Local wages, tips, etc $ 19 Local income tax $ 20 Locality name 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

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Taxes During the first full week of 2018, the Payroll Department of Omni Corporation is preparing the Forms W-2 for distribution to its employees along

Taxes

During the first full week of 2018, the Payroll Department of Omni Corporation is preparing the Forms W-2 for distribution to its employees along with their payroll checks on January 5. 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 2017. Using the following information obtained from the personnel and payroll records of the firm, complete Copy A of the six Forms W-2 reproduced below. Also complete Form 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 allowance	2,305.16	Social security tax withheld
54 Gradison Place	$715 per week	539.24	Medicare tax withheld
Philadelphia, PA 19113-4054	SS#: 000-00-4310	1,141.40	State income tax withheld
	Deduction for 401(k) plan: $50/week	1,453.92	Local income tax withheld
Vince T. Roper	Married, 3 allowance	3175.64	Social security tax withheld
56 Andrews Court, Apt. 7	$985 per week	742.56	Medicare tax withheld
Philadelphia, PA 19103-3356	SS#: 000-00-8804	1,572.48	State income tax withheld
	Dependent care payment: $950	2003.04	Local income tax withheld
	$70/week401(k)
Murry T. Rodson	Single, 0 allowances	2466.36	Social security tax withheld
770 Camac Street	$765 per week	576.68	Medicare tax withheld
Philadelphia, PA 19101-3770	SS#: 000-00-3316	1221.48	State income tax withheld
	Union dues withheld: $102	1555.32	Local income tax withheld
Frank A. Kent	Married, 6 allowances	6061.29	Social security tax withheld
338 North Side Avenue	$1875 per week	1,417.69	Medicare tax withheld
Philadelphia, PA 19130-6638	SS#: 000-00-6839	2993.12	State income tax withheld
	Cost of group-term life insurance	3812.64	Local income tax withheld
	exceeding $50,000: $262.75^a $100/week401(k)
Charlie C. Christian	Married, 5 allowances	2514.72	Social security tax withheld
4900 Gladwynne Terrace	$780 per week	588.12	Medicare tax withheld
Philadelphia, PA 19127-0049	SS#: 000-00-5771	1245.40	State income tax withheld
	Union dues withheld: $102	1586.00	Local income tax withheld
Zana W. Amelia	Single, 1 allowance	2,546.96	Social security tax withheld
480-A Hopkinson Tower	$790 per week	595.92	Medicare tax withheld
Philadelphia, PA 19101-3301	SS#: 000-00-8703	1,261.00	State income tax withheld
	Educational assistance payments (job-required): $675	1,606.28	Local income tax withheld
	$50/week401(k)

Must use percentage method to calculate federal income tax.The cost of excess group-term life insurance is added to gross wages for federal income tax, Social Security, and Medicare. Employers withhold OASDI and HI tax on these amounts but are not required to withhold federal income tax. The cost is not added to gross wages for state and local taxes; therefore, it is not subject to those taxes (See Figure 4.7).

If an amount box does not require an entry, leave it blank. Round your calculations and final answers to the nearest cent. Note: You must enter in the hyphens in the social security numbers, employer identification number, etc.

Click here to access the Wage-Bracket Method Tables.

22222	Void ?	a Employee's social security number		For Official Use Only OMB No. 1545-0008
b Employer identification number (EIN)			1 Wages, tips, other compensation $		2 Federal income tax withheld $
c Employer's name, address, and ZIP code Quigley Corporation 4800 River Road Philadelphia, PA 19113-5548			3 Social security wages $		4 Social security tax withheld $
			5 Medicare wages and tips $		6 Medicare tax withheld $
			7 Social security tips $		8 Allocated tips $
d Control number			9		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		Code	$
					12b
			14 Other		Code	$
					12c
					Code	$
					12d
					Code	$


15State	Employer's state ID number	16 State wages, tips, etc. $	17 State income tax $	18 Local wages, tips, etc. $	19 Local income tax $	20 Locality name

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.

22222	Void ?	a Employee's social security number		For Official Use Only OMB No. 1545-0008
b Employer identification number (EIN)			1 Wages, tips, other compensation $		2 Federal income tax withheld $
c Employer's name, address, and ZIP code Quigley Corporation 4800 River Road Philadelphia, PA 19113-5548			3 Social security wages $		4 Social security tax withheld $
			5 Medicare wages and tips $		6 Medicare tax withheld $
			7 Social security tips $		8 Allocated tips $
d Control number			9		10 Dependent care benefits $
e Employee's first name and initial Vince T.	Last name Roper	Suff.	11 Nonqualified plans		12a See instructions for box 12
56 Andrews Court, Apt. 7 Philadelphia, PA 19103-3356 f Employee's address and ZIP code
			13		Code	$
					12b
			14 Other		Code	$
					12c
					Code	$
					12d
					Code	$


15State	Employer's state ID number	16 State wages, tips, etc. $	17 State income tax $	18 Local wages, tips, etc. $	19 Local income tax $	20 Locality name

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.

22222	Void ?	a Employee's social security number		For Official Use Only OMB No. 1545-0008
b Employer identification number (EIN)			1 Wages, tips, other compensation $		2 Federal income tax withheld $
c Employer's name, address, and ZIP code Quigley Corporation 4800 River Road Philadelphia, PA 19113-5548			3 Social security wages $		4 Social security tax withheld $
			5 Medicare wages and tips $		6 Medicare tax withheld $
			7 Social security tips $		8 Allocated tips $
d Control number			9		10 Dependent care benefits $
e Employee's first name and initial Murry T.	Last name Rodson	Suff.	11 Nonqualified plans		12a See instructions for box 12
770 Camac Street Philadelphia, PA 19101-3770 f Employee's address and ZIP code
			13		Code	$
					12b
			14 Other		Code	$
					12c
					Code	$
					12d
					Code	$


15State	Employer's state ID number	16 State wages, tips, etc. $	17 State income tax $	18 Local wages, tips, etc. $	19 Local income tax $	20 Locality name

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.

22222	Void ?	a Employee's social security number		For Official Use Only OMB No. 1545-0008
b Employer identification number (EIN)			1 Wages, tips, other compensation $		2 Federal income tax withheld $
c Employer's name, address, and ZIP code Quigley Corporation 4800 River Road Philadelphia, PA 19113-5548			3 Social security wages $		4 Social security tax withheld $
			5 Medicare wages and tips $		6 Medicare tax withheld $
			7 Social security tips $		8 Allocated tips $
d Control number			9		10 Dependent care benefits $
e Employee's first name and initial Frank A.	Last name Kent	Suff.	11 Nonqualified plans		12a See instructions for box 12
338 North Side Avenue Philadelphia, PA 19130-6638 f Employee's address and ZIP code
			13		Code	$
					12b
			14 Other		Code	$
					12c
					Code	$
					12d
					Code	$


15State	Employer's state ID number	16 State wages, tips, etc. $	17 State income tax $	18 Local wages, tips, etc. $	19 Local income tax $	20 Locality name

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.

e Employee's first name and initial Carlie C	Last name Cristian	Suff.	11 Nonqualified plans	12a See instructions for box 12
4900 Gladwynne Terrace Philadelphia, PA 19127-0049 f Employee's address and ZIP code				12a See instructions for box 12
			13	Code	$
			13	12b
			14 Other	Code	$
				12c
				Code	$
				12d
				Code	$


15State	Employer's state ID number	16 State wages, tips, etc. $	17 State income tax $	18 Local wages, tips, etc. $	19 Local income tax $	20 Locality name

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.

e Employee's first name and initial Zana W.	Last name Amelia	Suff.	11 Nonqualified plans	12a See instructions for box 12
480-A Hopkinson Tower Philadelphia, PA 19101-3301 f Employee's address and ZIP code				12a See instructions for box 12
			13	Code	$
			13	12b
			14 Other	Code	$
				12c
				Code	$
				12d
				Code	$


15State	Employer's state ID number	16 State wages, tips, etc. $	17 State income tax $	18 Local wages, tips, etc. $	19 Local income tax $	20 Locality name

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.