The Form W-2 is used to report all but the following: Data From in W-2 a. Gross
Question:
The Form W-2 is used to report all but the following:
Data From in W-2
a. Gross earnings for the year.
b. Total federal income tax withheld from employee earnings for the year.
c. Total payroll taxes the company paid this year.
d. Total Medicare tax withheld from employee earnings for the year.
Transcribed Image Text:
Vold d Control number 22222 b Employer identification number (EIN) 75-1234567 c Employer's name, address, and ZIP code Brandon Express Company 5910 Lake June Road Dallas, TX 75232-6017 a Employee's social security number 123-45-6789 e Employee's first name and initial Alicia 1712 Windmill Hill Lane Dallas, Texas 75232-6002 f Employee's address and ZIP code 15 State Employer's state ID number 12-9876500 TX Last name Martinez 16 State wages, tips, etc. 20800.00 For Official Use Only OMB No. 1545-0008 1 Wages, tips, other compensation 20,800.00 3 Social security wages W-2 Wage and Tax Statement Form Copy A For Social Security Administration - Send this entire page with Form W-3 to the Social Security Administration; photocoples are not acceptable. 5 Medicare wages and tips 9 7 Social security tips Suff. 11 Nonqualified plans 13 Statutory employe 20,800.00 14 Other 17 State Income tax 20X1 20,800.00 Retirement plan Third-party sick pay 18 Local wages, tips, etc. 2 Federal Income tax withheld 988.00 4 Social security tax withheld 1,289.60 Do Not Cut, Fold, or Staple Forms on This Page 6 Medicare tax withheld 8 Allocated tips 10 Dependent care benefits 12a See Instructions for box 12 12b a 12c 301.60 12d 19 Local income tax 20 Locality name Department of the Trea y-Internal Revenue Service For Privacy Act and Paperwork Reduction Act Notice, see the separate Instructions. Cat. No. 10134D
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (7 reviews)
c Total payroll taxes the company paid this year The Form W2 is used ...View the full answer
Answered By
Kenneth Mutia
I have a B.S. in Statistics from the Jomo Kenyatta University of Agriculture and technology. I have been an academic tutor for over 3 years. I have a passion for helping students reach their full potential and am dedicated to helping them succeed. I am patient and adaptable, and I have experience working with students of all ages and abilities, from elementary school to college in their various fields. I have a wide scope of diverse tutoring experience in several courses of study with significant success as a tutor.
0.00
0 Reviews
10+ Question Solved
Related Book For
College Accounting A Contemporary Approach
ISBN: 9781260780352
5th Edition
Authors: David Haddock, John Price, Michael Farina
Question Posted:
Students also viewed these Business questions
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-4. Ivan and Irene paid the following in 2012 (all by check or can otherwise be...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-6. On December 12, Irene purchased the building where her store is located. She paid...
-
Calculate the CGT payable in relation to each of the following disposals, assuming in each case that the annual exemption is fully utilised against other gains, that there are no allowable losses and...
-
What is organizational commitment? What three components have emerged to help better explain the complexities of commitment? Why may an understanding of organizational commitment be especially...
-
Have you ever been involved in (or have observed) the process of a situational analysis (SWOT)? If so, please describe how the group went about performing the analysis (but again without revealing...
-
Molten plastic at a temperature of \(510^{\circ} \mathrm{F}\) is augered through an extruder barrel by a screw occupying \(\frac{3}{5}\) of the barrel's volume (Fig. P5.16). The extruder is \(16...
-
In 2014, Reliant Corporation had net sales of $600,000 and cost of goods sold of $360,000. Operating expenses were $153,000, and interest expense was $7,500. The corporation's tax rate is 25%. The...
-
Can be any store Napa auto, , kohls, gamestop. Use the stores don't have no info on them to anwser questions below Approximately how many different items are carried in inventory? . What method of...
-
Cranston Berries sells three types of berries: strawberries, blueberries, and raspberries. Sales have been booming this year and are expected to increase next year. The sales manager wants a program...
-
Who pays the federal unemployment tax and the state unemployment tax? a. Congress appropriates money to pay these taxes. b. State governments appropriate money to pay these taxes. c. Employees pay...
-
In each of the following independent situations, decide whether the business organization should treat the person being paid as an employee and should withhold social security, Medicare, and employee...
-
On June 1, 2023, Shebandowan Investors Inc. issued a $4,900,000, 7%, three-year bond. Interest is to be paid semiannually beginning December 1, 2023. Required a. Calculate the issue price of the bond...
-
With respect to return on assets (ROA) and the debt ratio, the preferred directions when analyzing them from a control standpoint are ________. (a) decrease ROA, increase debt (b) increase ROA,...
-
Exactly how should sustainability be best defined when making it part of a goal statement or strategic objective for a business or nonprofit organization?
-
A business that has found ways to use technology to outperform its rivals in the marketplace can be said to have gained ____________. (a) environmental capital (b) competitive advantage (c)...
-
The triple bottom line of organizational performance focuses on the 3 Ps of profit, people, and ____________. (a) principle (b) procedure (c) planet (d) progress
-
The reasons why businesses go international include gaining new markets, finding investment capital, and reducing ____________. (a) political risk (b) protectionism (c) labour costs (d) most favoured...
-
What is the index of nilpotency of the right-shift operator, here acting on the space of triples of reals? (x, y, z) (0, x,y)
-
The power company must generate 100 kW in order to supply an industrial load with 94 kW through a transmission line with 0.09 resistance. If the load power factor is 0.83 lagging, find the...
-
1. Open the general ledger accounts and accounts payable ledger accounts indicated below. Enter the balances as of June 1, 2019. 2. Post the transactions in Problem 8.4A to the appropriate accounts...
-
Bowden Company (buyer) and Song, Inc. (seller), engaged in the following transactions during January 2019: Bowden Company DATE TRANSACTIONS 2019 Jan. 8 Issued Check 2101 for $2,940 on account to...
-
The following transactions took place at Fine Fashions Outlet during July 2019. Fine Fashions Outlet uses a perpetual inventory system. Record the transactions in a general journal. Use 8 as the page...
-
Shawn Inc. proposed to install one Robotic Machine for his new project, an initial investment of CANVAS Technology will be $520,000 and the Robotic will be expected to generate net cash flows of at...
-
You anticipate the receipt of money in 200 days, which you will use to purchase stocks in a particular company. The stock is currently selling for $51 and will pay a $0.5 dividend in 50 days and...
-
1) Based on the stock chart for Michaels Companies Inc, what do you think the short and long-term growth potentials are for this company? (discuss the advantages/disadvantages) Link to the stock...
Study smarter with the SolutionInn App