Philcon Corporation created the following 2018 employee payroll report for one of its employees. b. Philcon Corporation
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Philcon Corporation created the following 2018 employee payroll report for one of its employees.
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 for the payment to Ralph from Philcon Corporation.
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Philcon Corporation EIN: 12-3456789 PO Box 4563 Anchorage, AK 99508 Emp ID Wage Type Monthly A1246G Louise Chugach A1246G Louise Chugach Monthly A1246G Louise Chugach Bonus A1246G Louise Chugach Monthly A1246G Louise Chugach Monthly A1246G Louise Chugach Monthly A1246G Louise Chugach Monthly A1246G Louise Chugach Monthly A1246G Louise Chugach A1246G Louise Chugach A1246G Louise Chugach A1246G Louise Chugach Monthly Monthly Monthly Monthly A1246G Louise Chugach Monthly A1246G Louise Chugach YTD Total Name Employee Payroll Report 2018 Date 1/31/2018 2/28/2018 3/15/2018 3/31/2018 4/30/2018 5/31/2018 6/30/2018 7/31/2018 8/31/2018 9/30/2018 10/31/2018 11/30/2018 12/31/2018 Period Gross Pay $11,000.00 11,000.00 6,500.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 $138,500.00 YTD Gross Pay $11,000.00 22,000.00 28,500.00 39,500.00 50,500.00 61,500.00 72,500.00 83,500.00 94,500.00 105,500.00 116,500.00 127,500.00 138,500.00 FIT w/h 4 $1,758.23 4 1,758.23 1,820.00 4 1,758.23 4 1,758.23 4 4 4 4 4 W-4 Allow 4 4 4 SS Tax w/h $682.00 682.00 403.00 682.00 682.00 682.00 682.00 682.00 682.00 682.00 682.00 682.00 55.80 1,758.23 1,758.23 1,758.23 1,758.23 1,758.23 1,758.23 1,758.23 1,758.23 $22,918.76 $7,960.80 Med Tax w/h $159.50 159.50 94.25 159.50 159.50 Total Tax $2,599.73 2,599.73 2,317.25 2,599.73 2,599.73 159.50 2,599.73 159.50 2,599.73 2,599.73 159.50 159.50 2,599.73 159.50 2,599.73 159.50 2,599.73 159.50 2,599.73 1,973.53 159.50 $2,008.25 $32,887.81 Net Pay $8,400.27 8,400.27 4,182.75 8,400.27 8,400.27 8,400.27 8,400.27 8,400.27 8,400.27 8,400.27 8,400.27 8,400.27 9,026.47 $105,612.19 Philcon Corporation EIN: 12-3456789 PO Box 4563 Anchorage, AK 99508 Emp ID Wage Type Monthly A1246G Louise Chugach A1246G Louise Chugach Monthly A1246G Louise Chugach Bonus A1246G Louise Chugach Monthly A1246G Louise Chugach Monthly A1246G Louise Chugach Monthly A1246G Louise Chugach Monthly A1246G Louise Chugach Monthly A1246G Louise Chugach A1246G Louise Chugach A1246G Louise Chugach A1246G Louise Chugach Monthly Monthly Monthly Monthly A1246G Louise Chugach Monthly A1246G Louise Chugach YTD Total Name Employee Payroll Report 2018 Date 1/31/2018 2/28/2018 3/15/2018 3/31/2018 4/30/2018 5/31/2018 6/30/2018 7/31/2018 8/31/2018 9/30/2018 10/31/2018 11/30/2018 12/31/2018 Period Gross Pay $11,000.00 11,000.00 6,500.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 $138,500.00 YTD Gross Pay $11,000.00 22,000.00 28,500.00 39,500.00 50,500.00 61,500.00 72,500.00 83,500.00 94,500.00 105,500.00 116,500.00 127,500.00 138,500.00 FIT w/h 4 $1,758.23 4 1,758.23 1,820.00 4 1,758.23 4 1,758.23 4 4 4 4 4 W-4 Allow 4 4 4 SS Tax w/h $682.00 682.00 403.00 682.00 682.00 682.00 682.00 682.00 682.00 682.00 682.00 682.00 55.80 1,758.23 1,758.23 1,758.23 1,758.23 1,758.23 1,758.23 1,758.23 1,758.23 $22,918.76 $7,960.80 Med Tax w/h $159.50 159.50 94.25 159.50 159.50 Total Tax $2,599.73 2,599.73 2,317.25 2,599.73 2,599.73 159.50 2,599.73 159.50 2,599.73 2,599.73 159.50 159.50 2,599.73 159.50 2,599.73 159.50 2,599.73 159.50 2,599.73 1,973.53 159.50 $2,008.25 $32,887.81 Net Pay $8,400.27 8,400.27 4,182.75 8,400.27 8,400.27 8,400.27 8,400.27 8,400.27 8,400.27 8,400.27 8,400.27 8,400.27 9,026.47 $105,612.19
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Income Tax Fundamentals 2016
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