Question: PSa 6-8 Complete Form W-3 Complete the W-3 Form for Belt Buckle Industries (employer identification #88-8888888). The company (located at 435 Georgia Lane, Clifton, NJ

PSa 6-8 Complete Form W-3 Complete the W-3 Form for Belt Buckle Industries (employer identification #88-8888888). The company (located at 435 Georgia Lane, Clifton, NJ 07011) does not use control numbers. Total employee compensation (gross pay) for the year was $527,000, and annual retirement plan contributions totaled $15,200. Federal income tax withholding totaled $73,100 for the year, Of the company’s four employees, only one had earnings subject to Social Security tax that did not exceed $128,400 (this employee earned $18,200). New Jersey state earnings subject to income tax withholding were the same as that subject to federal income tax withholding. State income tax withholding totaled $53,000, with no local taxes withheld. The employer’s New Jersey State ID number is the same as its federal identification number. The form is signed by the CEO of the company, Paul Goldstein (telephone #862-555-0052), 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.

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