1. What are the total taxable FUTA wages for the year? What would these FUTA taxable wages have been if Stacey Jones earned $100,000 less for the year?
2. For William Finnegan, by how much do his Wages, Tips, and Other Compensation on Form W-2 differ from his Medicare Wages and Tips? What does this amount represent?
3. Why does the employer not sign Form W-2? Does the employer sign any form that conveys annual employee compensation to the IRS? If so, which form?
4. For Stacey Jones, by how much do her Social Security Wages on Form W-2 differ from her Medicare Wages and Tips? Why does this difference exist?
5. What is the standard Medicare tax rate? Why does this rate differ from the .029 displayed on line 5c of Form 941? Why does this rate differ from the .009 displayed on line 5d of Form 941?
6. On Form 940, should Part 5 be completed for the current year? Why or why not?
7. For the 4^th quarter, what portion of the total Medicare tax is paid by the employer (not withheld from Employee earnings)?
8. Is Stacey Jones Medicare tax withheld the same for each pay period in the 4^th quarter? Why or why not?
9. Does the employer owe the same amount of SUTA tax for each employee? Why or why not? What is the amount of SUTA tax owed for each employee?
10. Is Additional Medicare Tax withheld from any employee? If so, which employee, and why is this tax withheld from the employee?

Social Security # Federal w/H Allowances State W/H Allowances Marital Status Name Address 222-22-2222 1 1 Maggie Hough Single 13 Spruce Street Somerset, VT 05363 999-99-9999 2 2 Married William Finnegan 7 Smith Boulevard Somerset, VT 05363 555-55-5555 2 1 Stacey Jones Single 8110 Browning Place Somerset, VT 05363 888-88-8888 N/A N/A Married Francine Stewart 101 Park Court Somerset, VT 05363 Regular Wage Rate Annual Salary Weekly 401(k) Deduction Weekly Charitable Contribution Name Maggie Hough $14/hour N/A 5% of gross pay $10 William Finnegan $18/hour N/A 4% of gross pay $5 Stacey Jones N/A $262,000.44 N/A $15 Francine Stewart N/A $94,000.40 2% of gross pay N/A Maggie Hough Gross Earnings Federal Income Tax State Social Income Tax Security Tax Medicare 401(k) Tax Deduction Charitable Cont. Quarter 1st quarter $7,280 $533 $345.80 $451.36 $105.56 $364 $130 2nd quarter $7,280 $533 $345.80 $451.36 $105.56 $364 $130 3rd quarter $7,280 $533 $345.80 $451.36 $105.56 $364 $130 William Finnegan Gross Earnings Federal Income Tax State Income Tax Quarter Social Medicare Security Tax Tax 401(k) Charitable Deduction Cont. 1st quarter $9,360 $390 $449.28 $580.32 $135.72 $374.40 $65 2nd quarter $9,360 $390 $449.28 $580.32 $135.72 $374.40 $65 3rd quarter $9,360 $390 $449.28 $580.32 $135.72 $374.40 $65 Stacey Jones Gross Earnings Federal Income Tax State Income Tax Social Security Tax Medicare 401(k) Charitable Tax Deduction Cont. Quarter 1st quarter $65,500.11 $15,535.91 $3,274.96 $4,061.07 $949.78 $0 $195 2nd quarter $65,500.11 $15,535.91 $3,274.96 $4,061.07 $949.78 $0 $195 3rd quarter $65,500.11 $15,535.91 $3,274.96 $415.26 $949.78 $0 $195 Francine Stewart Gross Earnings Federal Income Tax Quarter State Social Medicare 401(k) Charitable Income Tax Security Tax Tax Deduction Cont. 1st quarter $0 $0 $0 $0 $0 $0 $0 2nd quarter $0 $0 $0 $0 $0 $0 $0 3rd quarter $1,807.70 $147.75 $88.58 $112.08 $26.21 $36.15 $0 Social Security # Federal w/H Allowances State W/H Allowances Marital Status Name Address 222-22-2222 1 1 Maggie Hough Single 13 Spruce Street Somerset, VT 05363 999-99-9999 2 2 Married William Finnegan 7 Smith Boulevard Somerset, VT 05363 555-55-5555 2 1 Stacey Jones Single 8110 Browning Place Somerset, VT 05363 888-88-8888 N/A N/A Married Francine Stewart 101 Park Court Somerset, VT 05363 Regular Wage Rate Annual Salary Weekly 401(k) Deduction Weekly Charitable Contribution Name Maggie Hough $14/hour N/A 5% of gross pay $10 William Finnegan $18/hour N/A 4% of gross pay $5 Stacey Jones N/A $262,000.44 N/A $15 Francine Stewart N/A $94,000.40 2% of gross pay N/A Maggie Hough Gross Earnings Federal Income Tax State Social Income Tax Security Tax Medicare 401(k) Tax Deduction Charitable Cont. Quarter 1st quarter $7,280 $533 $345.80 $451.36 $105.56 $364 $130 2nd quarter $7,280 $533 $345.80 $451.36 $105.56 $364 $130 3rd quarter $7,280 $533 $345.80 $451.36 $105.56 $364 $130 William Finnegan Gross Earnings Federal Income Tax State Income Tax Quarter Social Medicare Security Tax Tax 401(k) Charitable Deduction Cont. 1st quarter $9,360 $390 $449.28 $580.32 $135.72 $374.40 $65 2nd quarter $9,360 $390 $449.28 $580.32 $135.72 $374.40 $65 3rd quarter $9,360 $390 $449.28 $580.32 $135.72 $374.40 $65 Stacey Jones Gross Earnings Federal Income Tax State Income Tax Social Security Tax Medicare 401(k) Charitable Tax Deduction Cont. Quarter 1st quarter $65,500.11 $15,535.91 $3,274.96 $4,061.07 $949.78 $0 $195 2nd quarter $65,500.11 $15,535.91 $3,274.96 $4,061.07 $949.78 $0 $195 3rd quarter $65,500.11 $15,535.91 $3,274.96 $415.26 $949.78 $0 $195 Francine Stewart Gross Earnings Federal Income Tax Quarter State Social Medicare 401(k) Charitable Income Tax Security Tax Tax Deduction Cont. 1st quarter $0 $0 $0 $0 $0 $0 $0 2nd quarter $0 $0 $0 $0 $0 $0 $0 3rd quarter $1,807.70 $147.75 $88.58 $112.08 $26.21 $36.15 $0