Question
You have reached the age of 46, which is a significant milestone in your life. You worked for a whole year in the year 2021,
You have reached the age of 46, which is a significant milestone in your life. You worked for a whole year in the year 2021, and you earned a year's salary. Your entire yearly gross compensation amounted to $149,300.00 dollars. According to our estimations, the federal income taxes withheld from your paycheck totaled $27,755 in federal income taxes and $6,863 in state income taxes. You also paid $6,863 in state income taxes. Your employer makes a 5 percent contribution to your 401(k) plan from your pay, which you can use to fund your retirement savings. You receive group term life insurance in an amount equivalent to double your yearly income at no additional cost as a result of your contributions, which your employer gives as a thank you for your efforts. It costs $850 per month to have health insurance via your place of employment; you pay $300 per month, and your employer contributes $530 per month to cover the cost.
Fill out a w-2 for the year 2021
Please show your work
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