Philcon Corporation created the following 2018 employee payroll report for one of its employees. a. Complete the
Question:
Philcon Corporation created the following 2018 employee payroll report for one of its employees.
a. Complete the following Form W-2 for Louise Chugach from Philcon Corporation.
b. Philcon Corporation also paid $1,100 to Ralph Kincaid for presenting a management seminar. Ralph lives at 1455 Raspberry Road, Anchorage AK 99508, and his Social Security number is 475-45-3226. Complete the Form 1099-MISC located on Page 9-45 for the payment to Ralph from Philcon Corporation.
Transcribed Image Text:
Philcon Corporation Employee Payroll Report 2018 EIN: 12-3456789 PO Box 4563 Anchorage, AK 99508 Period YTD W-4 Allow Gross Pay 11,000.00 Gross Pay 11,000.00 FIT w/h SS Tax w/h Med Tax w/h Emp ID Wage Type Name Louise Chugach Louise Chugach Date 1/31/2018 Total Tax Net Pay Monthly 682.00 2,599.73 A1246G 1,758.23 159.50 8,400.27 2/28/2018 11,000.00 22,000.00 2,599.73 8,400.27 A1246G Monthly 4 1,758.23 682.00 159.50 A1246G 3/15/2018 Louise Chugach Bonus 6,500.00 28,500.00 1,820.00 403.00 94.25 2,317.25 4,182.75 Louise Chugach Monthly 3/31/2018 11,000.00 A1246G 39,500.00 1,758.23 682.00 159.50 2,599.73 8,400.27 50,500.00 Louise Chugach 4/30/2018 A1246G Monthly 11,000.00 1,758.23 682.00 159.50 2,599.73 8,400.27 Louise Chugach Monthly 5/31/2018 11,000.00 61,500.00 A1246G 4 1,758.23 682.00 159.50 2,599.73 8,400.27 Louise Chugach 6/30/2018 A1246G Monthly 11,000.00 72,500.00 1,758.23 682.00 159.50 2,599.73 8,400.27 Louise Chugach Monthly 7/31/2018 11,000.00 83,500.00 A1246G 1,758.23 682.00 159.50 2,599.73 8,400.27 Louise Chugach 8/31/2018 94,500.00 A1246G Monthly 11,000.00 1,758.23 682.00 159.50 2,599.73 8,400.27 Louise Chugach Monthly 9/30/2018 11,000.00 A1246G 105,500.00 4 1,758.23 682.00 159.50 2,599.73 8,400.27 Louise Chugach Monthly 10/31/2018 2,599.73 8,400.27 A1246G 11,000.00 116,500.00 4 1,758.23 682.00 159.50 11/30/2018 Louise Chugach Monthly 682.00 159.50 A1246G 11,000.00 127,500.00 1,758.23 2,599.73 8,400.27 12/31/2018 138,500.00 A1246G Louise Chugach Monthly 11,000.00 1,758.23 55.80 159.50 1,973.53 9,026.47 Louise Chugach YTD Tota 138,500.00 7,960.80 A1246G 32,887.81 22,918.76 2,008.25 105,612.19 Employee Mailing Address: Louise Chugach 5471 East Tudor Road Anchorage, AK 99508 SSN: 545-64-7745 a Employee's social security number Safe, accurate, FAST! Use Visit the IRS website at Tasefile www.irs.gov/efile RS OMB No. 1545-0008 b Employer identification number (EIN) 1 Wages, tips, other compensation 2 Federal income tax withheld c Employer's name, address, and ZIP code 3 Social security wages 4 Social security tax withheld 5 Medicare wages and tips 6 Medicare tax withheld 7 Social security tips 8 Allocated tips d Control number 9 Verification code 10 Dependent care benefits e Employee's first name and initial Suff. 11 Nonqualified plans 12a See instructions for box 12 Last name 13 Statutory employee Retirement plan Third-party sick pay 12b 14 Other 12c 12d f Employee's address and ZIP code Employer's state ID number 15 State 16 State wages, tips, etc. 17 State income tax 18 Local wages, tips, etc. 19 Local income tax 20 Locality name Department of the Treasury-Internal Revenue Service W-2 Wage and Tax 2018 Statement Form Copy B-To Be Filed With Employee's FEDERAL Tax Return. This information is being furnished to the Internal Revenue Service.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (14 reviews)
a b b Employer identification number EIN 123456789 c Employers name address and ZIP code Philcon Cor...View the full answer
Answered By
Pushpinder Singh
Currently, I am PhD scholar with Indian Statistical problem, working in applied statistics and real life data problems. I have done several projects in Statistics especially Time Series data analysis, Regression Techniques.
I am Master in Statistics from Indian Institute of Technology, Kanpur.
I have been teaching students for various University entrance exams and passing grades in Graduation and Post-Graduation.I have expertise in solving problems in Statistics for more than 2 years now.I am a subject expert in Statistics with Assignmentpedia.com.
4.40+
3+ Reviews
10+ Question Solved
Related Book For
Income Tax Fundamentals 2019
ISBN: 9781337703062
37th Edition
Authors: Gerald E. Whittenburg, Steven Gill
Question Posted:
Students also viewed these Business questions
-
Nanco is a company that makes custom signs and has 12 employees. The owner wants to perform a benefits analysis report for one of its employees, Ben Loomes. Ben's benefits package is as follows?
-
Cloudy Night Signs is a company that makes custom signs and has 12 employees. The owner wants to perform a benefits analysis report for one of its employees, Howard Nelson. Howards benefits package...
-
Philcon Corporation (P.O. Box 4563, Anchorage, AK 99508; EIN 12-3456789) paid Louise Chugach, an employee who lives at 5471 East Tudor Road, Anchorage, AK 99508, wages of $24,554 in 2015. The...
-
Gerald De Beer is a 38-year-old vibrant, outgoing young man who has been employed as a digital artist at Innovate Tech Solutions (Pty) Ltd ("Innovate Tech") since 1 May 2019. Details of Geralds...
-
Access the Wiki Art Gallery (WAG) instructional case in Connect, and read the case in sufficient depth to answer the following questions. 1. What inventory costing method(s) does Wiki Art Gallery...
-
Suppose the landmass known to you as the United States of America had been composed, since the nations founding, of separate countries instead of separate states. Would you expect the standard of...
-
Marian Crone owns and operates a public relations firm called Dance Fever, Inc. The following amounts summarize her business on August 31, 2011: During September 2011, the business completed the...
-
The following partial list of accounts and account balances has been taken from the trial balance and the adjusted trial balance of the Barker Company: Required Prepare the adjusting entry that...
-
DRK Corporation announced to repurchase its stocks. How will DRK's stock price change and why? (2) If a majority of the shareholders have better investment opportunities than the firm, do you think...
-
Q1/A short post constructed from a hollow circular tube of aluminum supports a compressive load of 26 kips shown in fig.1. the inner and outer diameters of the tube are di = 4.0 in and d2 = 4.5 in ....
-
Tyler, a single taxpayer, generates a net operating loss of $12,000 in 2017. He also generates a net operating loss of $6,000 in 2018. Finally, in 2019, Tylers business turns a corner and he...
-
Kevin purchased a house 20 years ago for $100,000 and he has always lived in the house. Three years ago Kevin married Karen, and she has lived in the house since their marriage. If they sell Kevins...
-
Name the steps (in sequence form) involved in the accounting cycle.
-
Case2: Justice Law Firm is a Partnership company; Use the below Adjusted Trial Balance on December 31-2022. To prepare the financial .statement : 31 . Account name Cash Land Justice Law Firm Adjusted...
-
An antelope moving with constant acceleration covers the distance 77.0 m between two points in time 6.20 s. Its speed as it passes the second point is 15.8 m/s. Part A What is its speed at the first...
-
Below are the daily price for ABC stock in the month June 2021. There are 30 observations. Write a VBA subroutine to calcualte the mean price and display the result in the blue cell. Date 01-06-2021...
-
In 2022, Jose sells Intel stock for a $7,000 loss. He has no other capital gains or losses for the year. Jose's taxable income excluding the capital loss is $60,000. What is his current year taxable...
-
Why is the buyer assuming high risk in the cost plus fixed fees contract? Why is the seller assuming low risk in the cost plus incentive fees contract?
-
The table shown below comes from a study reported by Larry Bartels (2004), a political scientist. The table displays the mean and standard deviation (shown in parentheses) of annual real income...
-
Solve each equation. x 3 - 6x 2 = -8x
-
Go to the IRS website (www.irs.gov) and print out a copy of the most recent Instructions for Schedule R of Form 1040.
-
Patty Banyan is a single taxpayer living at 543 Space Drive, Houston, TX 77099. Her Social Security number is 466-33-1234. For 2016, Patty has no dependents, and her W-2, from her job at a local...
-
Leslie and Leon Lazo are married and file a joint return for 2016. Leslies Social Security number is 466-47-3311 and Leons is 467-74-4451. They live at 143 Snapdragon Drive, Reno, NV 82102. For 2016,...
-
Based on the information of the company, develop the current status of this and some recommendations based on the following reasons: Liquidity, Solvency, Indebtedness, Productivity, Cost...
-
find total liabilities and stockholders' equity deficit a 10 As Reported Annual Balance Sheet 11 Report Date 12 Currency 13 Audit Status 14 Consolidated 15 Cash & cash equivalents 16 Short-term...
-
An introduction of new ways to help settle children's minds at schools, but most importantly to aid their psychological safety. After Covid-19, the world was impacted in many different ways, children...
Study smarter with the SolutionInn App