Transaction No. 41 Prepare the Annual Reconciliation of Employer Wage Tax for Philadelphia. For lines 1, 3, and 4, use gross wages and salaries per general ledger less exempt wages paid to Russell ($2,394.00) on December 14. (This amount should agree with Form W-3 Box 18, local wages.) Tax paid during the first three quarters was $5,505.80. For reporting purposes, there were 10 Philadelphia residents for whom wage tax was remitted for the pay period ending March 12, 20--. This form does not report cents, round to nearest dollar