Prepare the Annual Reconciliation of Employer Wage Tax for Philadelphia, using the blank. For lines 1, 3, and 4, use gross wages and salaries per general ledger less exempt wages paid to Russell ($2,394.00) on December 14. (This amount should agree with Form W-3 Box 18, local wages.) Tax paid during the first three quarters was $5,575.21. For reporting purposes, there were 10 Philadelphia residents for whom wage tax was remitted for the pay period ending March 12, 20--.

Total earnings....................................314,142.04

Qtr's taxable OASDI earnings..........168,779.06

Total earnings for FIT.......................303,498.04

Total earnings for SIT/CIT................311,748.04

Total earnings for FUTA....................73,540.00

Quarter Totals of earnings.............171,917.47

Annual Totals of earnings..............314,142.04

Answer rating: 100% (QA)

CITY OF PHILADELPHIA Yearly RECONCILIATION OF 20 EMPLOYER WAGE TAX 2cb24707b5914369a6f2e7823b5cb4d6png DUE DATE FEBRUARY 28 20 Citizen Name and Address GLOBRITE PAINT COMPANY 2215 Salvador Street Phil... View the full answer