Ty During the first full week of 20 , the Payroll Department of Quigley Corporation is preparing the Forms W 2 for distribution to its employees along with their payroll checks on January 10 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 20 (the previous year) Using the following information obtained from the personnel and payroll records of the firm, complete Copy A of the four Forms W 2 reproduced below On the second half of the problem (PR 04 13A PART2) you will complete the other two W 2s and the 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 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 See example of Kelly B Roach's completed Form W 2 below Kelly B Roach Single Social security tax withheld $2,305 16 54 Gradison Place $715 per week Medicare tax withheld 539 24 Philadelphia, PA 19113 4054 SS 000 00 4310 State income tax withheld 1,141 40 Deduction for 401(k) plan $50 week Local income tax withheld 1,439 36 State unemployment tax withheld 22 36 Ralph I Volpe Married filing jointly Social security tax withheld 2,530 84 56 Andrews Court, Apt 7 $785 per week Medicare tax withheld 591 76 Philadelphia, PA 19103 3356 SS 000 00 8804 State income tax withheld 1,253 20 Dependent care payment $950 Local income tax withheld 1,580 28 $70 week401(k) State unemployment tax withheld 24 44 Randi A Myer Single Social security tax withheld 2,853 24 770 Camac Street $885 per week Medicare tax withheld 667 16 Philadelphia, PA 19101 3770 SS 000 00 3316 State income tax withheld 1,412 84 Union dues withheld $102 Local income tax withheld 1,781 52 State unemployment tax withheld 27 56 Kenneth T Ford Married filing jointly Social security tax withheld 4,368 69 338 North Side Avenue $1,350 per week Medicare tax withheld 1,021 97 Philadelphia, PA 19130 6638 SS 000 00 6839 State income tax withheld 2,155 40 Cost of group term life insurance Local income tax withheld 2,717 52 exceeding $50,000 $262 75 State unemployment tax withheld 42 12 $100 week401(k) Chrissy C Carman Married filing jointly Social security tax withheld 2,643 68 4900 Gladwynne Terrace $820 per week Medicare tax withheld 618 28 Philadelphia, PA 19127 0049 SS 000 00 5771 State income tax withheld 1,308 84 Union dues withheld $102 Local income tax withheld 1,650 48 State unemployment tax withheld 25 48 Hal B Zuber Single Social security tax withheld 2,546 96 480 A Hopkinson Tower $790 per week Medicare tax withheld 595 92 Philadelphia, PA 19101 3301 SS 000 00 8703 State income tax withheld 1,261 00 Educational assistance payments Local income tax withheld 1,590 16 (job required) $675 $50 week401(k) State unemployment tax withheld 24 44 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 8) State unemployment tax withheld for Pennsylvania labeled as PA SUI on Form W 2 Box 14 If an amount box does not require an entry, leave it blank Round your calculations and final answers to the nearest cent You must enter in the hyphens in the social security numbers, employer identification number, etc As we go to press, the federal income tax rates for 2022 are being determined by budget talks in Washington and not available for publication For this edition, the 2021 federal income tax tables for Manual Systems with Forms W 4 from 2020 or Later with Standard Withholding and 2021 FICA rates have been used pe or paste question here

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Ty During the first full week of 20--, the Payroll Department of Quigley Corporation is preparing the Forms W-2 for distribution to its employees along

During the first full week of 20--, the Payroll Department of Quigley Corporation is preparing the Forms W-2 for distribution to its employees along with their payroll checks on January 10. 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 20-- (the previous year). Using the following information obtained from the personnel and payroll records of the firm, complete Copy A of the four Forms W-2 reproduced below. On the second half of the problem (PR.04.13A.PART2) you will complete the other two W-2s and the 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	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
*See example of Kelly B. Roach's completed Form W-2 below.*
Kelly B. Roach	Single	Social security tax withheld	$2,305.16
54 Gradison Place	$715 per week	Medicare tax withheld	539.24
Philadelphia, PA 19113-4054	SS#: 000-00-4310	State income tax withheld	1,141.40
	Deduction for 401(k) plan: $50/week	Local income tax withheld	1,439.36
		State unemployment tax withheld**	22.36
Ralph I. Volpe	Married filing jointly	Social security tax withheld	2,530.84
56 Andrews Court, Apt. 7	$785 per week	Medicare tax withheld	591.76
Philadelphia, PA 19103-3356	SS#: 000-00-8804	State income tax withheld	1,253.20
	Dependent care payment: $950	Local income tax withheld	1,580.28
	$70/week401(k)	State unemployment tax withheld**	24.44
Randi A. Myer	Single	Social security tax withheld	2,853.24
770 Camac Street	$885 per week	Medicare tax withheld	667.16
Philadelphia, PA 19101-3770	SS#: 000-00-3316	State income tax withheld	1,412.84
	Union dues withheld: $102	Local income tax withheld	1,781.52
		State unemployment tax withheld**	27.56
Kenneth T. Ford	Married filing jointly	Social security tax withheld	4,368.69
338 North Side Avenue	$1,350 per week	Medicare tax withheld	1,021.97
Philadelphia, PA 19130-6638	SS#: 000-00-6839	State income tax withheld	2,155.40
	Cost of group-term life insurance	Local income tax withheld	2,717.52
	exceeding $50,000: $262.75*	State unemployment tax withheld**	42.12
	$100/week401(k)
Chrissy C. Carman	Married filing jointly	Social security tax withheld	2,643.68
4900 Gladwynne Terrace	$820 per week	Medicare tax withheld	618.28
Philadelphia, PA 19127-0049	SS#: 000-00-5771	State income tax withheld	1,308.84
	Union dues withheld: $102	Local income tax withheld	1,650.48
		State unemployment tax withheld**	25.48
Hal B. Zuber	Single	Social security tax withheld	2,546.96
480-A Hopkinson Tower	$790 per week	Medicare tax withheld	595.92
Philadelphia, PA 19101-3301	SS#: 000-00-8703	State income tax withheld	1,261.00
	Educational assistance payments	Local income tax withheld	1,590.16
	(job-required): $675 $50/week401(k)	State unemployment tax withheld**	24.44

^*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 4.8).

^**State unemployment tax withheld for Pennsylvania labeled as PA SUI on Form W-2 Box 14.

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

As we go to press, the federal income tax rates for 2022 are being determined by budget talks in Washington and not available for publication. For this edition, the 2021 federal income tax tables for Manual Systems with Forms W-4 from 2020 or Later with Standard Withholding and 2021 FICA rates have been used.

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