During the past week, one of your newly employed payroll associates dropped into your office to ask several questions regarding wage reporting for federal income and social security tax purposes. If you were the payroll supervisor, how would you answer each of the following questions raised by your associate? 1. I just noticed that the social security number is wrong on three of the employees’ W-2 forms. How do I go about correcting the forms? Will the employees be penalized for filing incorrect forms? 2. Eileen Huang informed me today that we had withheld too much Medicare tax from her pay last year. She is right! What forms do I use to make the correction? 3. You asked me last week to locate one of our former employees, Warren Bucks. I can’t seem to track him down. What should I do with his Form W-2? 4. Is it okay to use titles like “M.D.” and “Esq.” when I keyboard data in the W-2 forms?

Chapter 4, Problem 1CP
Textbook Problem

During the past week, one of your newly employed payroll associates dropped into your office to ask several questions regarding wage reporting for federal income and social security tax purposes. If you were the payroll supervisor, how would you answer each of the following questions raised by your associate?

  1. 1. I just noticed that the social security number is wrong on three of the employees’ W-2 forms. How do I go about correcting the forms? Will the employees be penalized for filing incorrect forms?
  2. 2. Eileen Huang informed me today that we had withheld too much Medicare tax from her pay last year. She is right! What forms do I use to make the correction?
  3. 3. You asked me last week to locate one of our former employees, Warren Bucks. I can’t seem to track him down. What should I do with his Form W-2?
  4. 4. Is it okay to use titles like “M.D.” and “Esq.” when I keyboard data in the W-2 forms?

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Chapter 4 Solutions

PAYROLL ACCT.,2019 ED.(LL)-TEXT
Ch. 4 - What is the maximum contribution that an employer...Ch. 4 - What is the maximum amount that an employee can...Ch. 4 - What is a personal allowance? What was the amount...Ch. 4 - Orrin DAmato, single, participates in his firms...Ch. 4 - Are employer contributions into employees health...Ch. 4 - Under what conditions may employees be exempt from...Ch. 4 - How is the special period rule for the reporting...Ch. 4 - Commencing in June, Alan Oldt is eligible to...Ch. 4 - Rhonda Gramm is single, and her wages are paid...Ch. 4 - What formula is used to gross-up supplemental...Ch. 4 - Trowbridge Company has just completed the...Ch. 4 - What is Form 944?Ch. 4 - Why must some employers file Form 1096?Ch. 4 - What is the penalty for filing W-2s with...Ch. 4 - What are the penalties imposed on employees for...Ch. 4 - Under what conditions must employers submit copies...Ch. 4 - Besides the name and address of the payer, what...Ch. 4 - Alex Oberstar, a cook in the Lagomarsino Company...Ch. 4 - Barbri Company ordinarily pays its employees on a...Ch. 4 - Investigate your states income tax withholding law...Ch. 4 - Rena Reynolds, one of your firms workers, has just...Ch. 4 - Anita Leland, a waitress in Atlantis Casino,...Ch. 4 - Justin Holmes, an ex-employee, is entitled to a...Ch. 4 - Sean Matthews is a waiter at the Duluxe Lounge. In...Ch. 4 - Use the percentage method to compute the federal...Ch. 4 - Use (a) the percentage method and (b) the...Ch. 4 - Eaton Enterprises uses the wage-bracket method to...Ch. 4 - The names of the employees of Hogan Thrift Shop...Ch. 4 - Damerly Company (a Utah employer) wants to give a...Ch. 4 - Julie Whiteweiler made 930 this week. Only social...Ch. 4 - The names of the employees of Cox Security Systems...Ch. 4 - Lake Community College gives its faculty the...Ch. 4 - Mattola Company is giving each of its employees a...Ch. 4 - George Clausen (age 48) is employed by Kline...Ch. 4 - During the fourth quarter of 2019, there were...Ch. 4 - During the first full week of 2020, the Payroll...Ch. 4 - Herman Swayne is a waiter at the Dixie Hotel. In...Ch. 4 - Use the percentage method to compute the federal...Ch. 4 - Use (a) the percentage method and (b) the...Ch. 4 - Ernesto Enterprises uses the wage-bracket method...Ch. 4 - The names of the employees of Hogan Thrift Shop...Ch. 4 - Youngston Company (a Massachusetts employer) wants...Ch. 4 - Jen Miller made 1,090 this week. Only social...Ch. 4 - The names of the employees of Matson Office...Ch. 4 - Ocean City College gives its faculty the option of...Ch. 4 - Harrington Company is giving each of its employees...Ch. 4 - Samantha Montgomery (age 42) is employed by Canon...Ch. 4 - During the fourth quarter of 2019, there were...Ch. 4 - During the first full week of 2020, the Payroll...Ch. 4 - During the past week, one of your newly employed...Ch. 4 - Yeager Company pays John Kerr a salary as an...

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