Question: Please help me with completing this W-3 form for Flywheel Outfitters Inc. The form is below but isn't completed. Thank you! PSa 6-7 Complete Form
Please help me with completing this W-3 form for Flywheel Outfitters Inc. The form is below but isn't completed. Thank you!
PSa 6-7 Complete Form W-3 Complete the W-3 Form for Flywheel Outfitters, Inc. (employer identification #99-9999999), based on the employee information listed below. The company is located at 909 Crispy Lane, Charleston, SC 29401, and its South Carolina State ID number is the same as the federal identification number. The form is signed by the president of the company, Albert Ochie (telephone #: 843-555-8164), and is submitted on the due date for e-filing. The company files Form 941 during the year, and selects 'none apply' in the Kind of Employer section. Employee #1: Julio Estevez is an employee of Flywheel Outfitters, Inc. Gross earnings for federal income tax withholding, Social Security tax, and Medicare tax were $82,476.05 for the year, while these taxes were $8,645, $5, 113.52, and $1, 195.90, respectively. Annual union dues were $625. South Carolina income tax withholding was $5,773.32 (based on the same gross earnings amount as above), with no local taxes withheld. Employee #2: Albert Ochie is an employee of Flywheel Outfitters, Inc. Gross earnings for federal income tax withholding, Social Security tax, and Medicare tax were $163,501.80 for the year, while these taxes were $15,270, $8,537.40, and $2,370.78 respectively. Annual union dues were $625, while Albert elects to have charitable contributions of $300 withheld. South Carolina income tax withholding was $7,944.03 (based on the above gross earnings for federal income tax), with no local taxes withheld. Notes: . For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation. Open Directions in Popup Window DO NOT STAPLE EEEEE a Control number For Official Use Only OMB No. 1545-0008 b Kind 941 Military 943 944 Kind None apply 501c non-govt. Third-party sick pay of of Paver Hshld Medicare Employer State/local (Check if (Check one) CT-1 emp. govt emp (Check one) non-501c State/local 501c Federal govt applicable) 0 c Total number of Forms W-2 d Establishment number 1 Wages, tips, other compensa 2 Federal income tax withheld S S e Employer identification number (EIN) 3 Social security wages 4 Social security tax withheld 99-9999999 S S f Employer's name 5 Medicare wages and tips 6 Medicare tax withheld Flywheel Outfitters, Inc. S S 7 Social security tips 3 Allocated tips S S 9 10 Dependent care benefits S 11 Nonqualified plans 12a Deferred compensation g Employer's address and ZIP code S h Other EIN used this year 13 For third-party sick pay use only 12bh Other EIN used this year 13 For third-party sick pay use only 12b 15 State Employers state ID number 14 Income tax withheld by payer of third-party sick pay 16 State wages, tips, etc. 17 State income tax 18 Local wag 19 Local income tax S S S S Employer's contact person Employer's telephone number For Official Use Only Employer's fax number Employer's email address Under penalties of perjury, I declare that I have examined this return and accompanying documents and, to the best of my knowledge and belief, they are true, correct, and complete. Signature . Albert Ochie Title . President Date - 01/31/2021 W-3 Transmittal of Wage and Tax Statements 20XX Department of the Treasury Form Internal Revenue Service Send this entire page with the entire Copy A page of Form(s) W-2 to the Social Security Administration (SSA). Photocopies are not acceptable. Do not send Form W-3 if you filed electronically with the SSA. Do not send any payment (cash, checks, money orders, etc.) with Forms W-2 and W-3. Reminder Separate instructions. See the 20XX General Instructions for Forms W-2 and W-3 for information on completing this form. Do not file Form W-3 for Form(s) W-2 that were submitted electronically to the SSA. Purpose of Form Complete a Form W-3 Transmittal only when filing paper Copy A of Form(s) W-2, Wage and Tax Statement. Don't file Form W-3 alone. All paper forms must comply with IRS standards and be machine readable. Photocopies are not acceptable. Use a Form W-3 even if only one paper Form W-2 is being filed. Make sure both the Form W-3 and When To File Paper Forms Form(s) W-2 show the correct tax year and Employer Identification Number (EIN). Make a copy of this form and keep it with Copy D (For Mail Form W-3 with Copy A of Form(s) W-2 by January 31, 20XX. Employer) of Form(s) W-2 for your records. The IRS recommends retaining copies of these forms for four years. Where To File Paper Forms E-Filing Send this entire page with the entire Copy A page of Form(s) W-2 to: The SSA strongly suggests employers report Form W-3 and Forms W-2 Social Security Administration Copy A electronically instead of on paper. The SSA provides two free e-filling options on its Business Services Online (BSO) website: Data Operations . W-2 Online. Use fill-in Forms to create, save, print, and submit up to Wilkes-Barre, PA 18769-0001 50 Forms W-2 at a time to the SSA. Note: If you use "Certified Mail" to file, change the ZIP code to . File Upload. Upload wage files to the SSA you have created using payroll or tax software that formats the files according to the SSA's '18769-0002." If you use an IRS-approved private delivery service, add Specifications for Filing Forms W-2 Electronically (EFW2). "ATTN: W-2 Process, 1150 E. Mountain Dr." to the address and change W-2 Online fill-in forms or file uploads will be on time if submitted by the ZIP code to "18702-7997." See Publication 15 (Circular E) January 31, 20XX. For more information, go to www.SSA.gov/bso. First time Employer's Tax Guide, for a list of IRS-approved private delivery filers, select "Register"; returning filers select "Log In." services. For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions. Cat. No. 10159Y
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