4.) Based on the W-2, what is the tax rate in the state where Etta works?5.)What is the total of Etta's required deductions? a. Employee's social security number22222471-29-2525b. Employer identification number (EIN)1 Wages, tips, other compensation 2 Federal income tax withheld35-542786432,554.763 Social security wages32,554.764465.71C. Employer's name, addrees, and ZIP code4 Social security tax withheld2018.40Acme, Inc.5 Medicare wages and tipe32,554.766 Medicare tax witheld472.04123 Main StreetPhiladelphia, PA 191468 Alocated tips7 Social security tipsd. Control number9 Advance EIC payment10 Dependent care benefitse. Employee's first name and InitialSuff. 11 Nonqualified plansLast name12a13 StatutoryempeyeeRetrementpanThes-portysick pay12bEtta Jones682 Dodge StreetPhiladelphia, PA 1914514 Other12c12dL Employee's address and ZIP code15 State Employer's state ID numberPA16 State wages, tips, etc. 17 State income tax32,554.7618 Local wages, tips, etc. 19 Local income tax 20 Locality name1400.18667438991999.4332,554.76PHIL2010Deparment of the Treatsury-ntemal Revenue ServiceW-2Wage and TaxStatementFormCopy 1-For State, City, or Local Tax Department4.Based on the W-2, what is the tax5.What is the total of Etta's requiredrate in the state where Ettadeductions?works?

State income taxes are the taxes imposed by the government of that particular state. These are in…

a Empioyee's social security number 22222 471-29-2525 . Employer identification number (EIN) 1 Wages, tips, other compensation 2 Federal income tax withheld 35-5427864 32,554.76 4465.71 e Employer's name, address, and ZIP code 3Social security wages 4 Social security tax withheid 32,554.76 2018.40 Acme, Inc. 123 Main Street Philadelphia, PA 19146 5 Medicare wages and tipe 32,554.76 6 Medicare tax withheld 472.04 7 Social security tips 8 Alocated tips 4. Control number 9Advance EIC payment 10 Dependent care benefts e Employee's first name and Initial Last name Sut 11 Nonquaifed plans 12a 13 Staty empeyee Retrement Thes paty Sic pay 12b Etta Jones 682 Dodge Street Philadelphia, PA 19145 14 Other 12c 12d E Employee's address and ZIP code 15 State Employer's state ID number PA 16 State wages, fips, et 17 State income tax 32,554.76 18 Local wages, tips, ete. 19 Local income tax 20 Locaity name 1400.18 667438991 999.43 32,554.76 PHIL Wage and Tax Statement 2010 Deparment of the Treatsury-intemal Revenue Senvice W-2 Form Copy 1-For State, Ciay, or Local Tax Depatment 4. Based on the W-2, what is the tax What is the total of Etta's required rate in the state where Etta deductions? works? 5.

a Empioyee's social security number 22222 471-29-2525 . Employer identification number (EIN) 1 Wages, tips, other compensation 2 Federal income tax withheld 35-5427864 32,554.76 4465.71 e Employer's name, address, and ZIP code 3Social security wages 4 Social security tax withheid 32,554.76 2018.40 Acme, Inc. 123 Main Street Philadelphia, PA 19146 5 Medicare wages and tipe 32,554.76 6 Medicare tax withheld 472.04 7 Social security tips 8 Alocated tips 4. Control number 9Advance EIC payment 10 Dependent care benefts e Employee's first name and Initial Last name Sut 11 Nonquaifed plans 12a 13 Staty empeyee Retrement Thes paty Sic pay 12b Etta Jones 682 Dodge Street Philadelphia, PA 19145 14 Other 12c 12d E Employee's address and ZIP code 15 State Employer's state ID number PA 16 State wages, fips, et 17 State income tax 32,554.76 18 Local wages, tips, ete. 19 Local income tax 20 Locaity name 1400.18 667438991 999.43 32,554.76 PHIL Wage and Tax Statement 2010 Deparment of the Treatsury-intemal Revenue Senvice W-2 Form Copy 1-For State, Ciay, or Local Tax Depatment 4. Based on the W-2, what is the tax What is the total of Etta's required rate in the state where Etta deductions? works? 5.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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