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Figure $4\mathrm{.}8$ and Figure $4\mathrm{.}11$

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

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.

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$\mathrm{.}04\mathrm{.}13$A$.$PART$2)$ you will complete the other two $W-2$ s and the $W-3.$ The form is to be signed by the president, Kenneth T$.$ Ford, and $i$

prepared by Ralph $1.$ 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

Cao avamila of Walle $R$ Dowsh'e mmintotal Enom M$/-3$ holow

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

See example of Kelly B$.$ Roach's completed Form W$-2$ below.

Annual Taxes Withheld

Social security tax withheld

Medicare tax withheld

State income tax withheld

Local income tax withheld

State unemployment tax withheld$**$

Social security tax withheld

Medicare tax withheld

State income tax withheld

Local income tax withheld

State unemployment tax withheld$**$

Social security tax withheld

Medicare tax withheld

State income tax withheld

Local income tax withheld

$$2,305\mathrm{.}16$

$539\mathrm{.}24$

$1,141\mathrm{.}40$

$1,409\mathrm{.}20$

$26\mathrm{.}00$

$2,530\mathrm{.}84$

$591\mathrm{.}76$

$1,253\mathrm{.}20$

$1,547\mathrm{.}00$

$28\mathrm{.}60$

$2,853\mathrm{.}24$

$667\mathrm{.}16$

$1,412\mathrm{.}84$

$1,744\mathrm{.}08$

Local income tax withek

eDOok

Philadelphia, PA $19101-3301$

$$790$ pre wetes

Preforctere tax withtelul

$395\mathrm{.}92$

SS # : $000-00-8703$

State income tax withheld

$1,261\mathrm{.}00$

Educational assistance payments

Local income tax withheld

$1,556\mathrm{.}88$

$($job$-$required$)$: $$675$

State unemployment tax withheld$**$

$28\mathrm{.}60$

$$\frac{50}{?}$ week$-401($k$)$

"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 $4\mathrm{.}8).$

"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. Note: an entry must be made in Box $13.$

As we go to press, the federal income tax rates for $2023$ are being determined by budget talks in Washington, and are not available for publication. For this edition, the $2022$ federal income tax tables for Manual Systems with Forms W$-4$ from $2020$ or Later with Standard Withholding and $2022$ FICA rates have been used.

Click here to access the Wage$-$Bracket Method Tables.

$\backslash$table$[[22222,$Void $,$Employee's social security number $000-00-4310,\backslash$table$[[$For Official Use Only$],[$OMB No$.1545-0008]]],[$b Employer identification number $($EIN$),1$ Wages, tips, other compensation,$2$ Federal income tax withheld$],[00-0000972,$$$34,{580\mathrm{.}00}^{**},$$$2,{288\mathrm{.}00}^{****}$

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