What was the total amount deducted from Lily’s pay for Federal, State, and Local income tax? $1,314.59 $1,547.24 $1,781.33 $2,886.75
What was the total amount deducted from Lily’s pay for Federal, State, and Local income tax? $1,314.59 $1,547.24 $1,781.33 $2,886.75
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 15EA: In EA14, you prepared the journal entries for the employee of Toren Inc. You have now been given the...
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Question
What was the total amount deducted from Lily’s pay for Federal, State, and Local income tax?
$1,314.59
$1,547.24
$1,781.33
$2,886.75
![22222
b Employer identification number (EIN)
987654321
e Employer's name, address, and ZIP code
Scoops Ice Cream
123 Main Street
Indianapolis, IN 46205
d Control number
Employee's social security number
123-45-6789
e Employee's first name and initial
Lily M Smith
215 First Street
Indianapolis, IN 46205
f Employee's address and ZIP code
15 State Employer's state ID number
IN 00122234001
Last name
16 State wages, tips,
14,450.00
W-2 Wage and Tax Statement
Form
Copy 1-For State, City, or Local Tax Department
OMB No. 1545-0008
1 Wages, tips, other compensation
14,450.00
3 Social security wages
14,450.00
5 Medicare wages and tips
14,450.00
7 Social security tips
Su 11 Nonqualified plans
14 Other
17 State income tax
466.74
2020
18 Local wages, tips
14,450.00
2 Federal income tax withheld
1080.50
4 Social security tax withheld
895.90
6 Medicare tax withheld
209.52
8 Allocated tips
12b
12c
12d
Dependent care benefits
19 Local income tax
234.09
Department of the Treasury-Internal Revenue Service](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F45e4ee6c-a715-4803-9fbe-92a41a442b45%2Ffb4b988f-bb4b-4240-9aaf-5467719ba031%2Fq5rylg8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:22222
b Employer identification number (EIN)
987654321
e Employer's name, address, and ZIP code
Scoops Ice Cream
123 Main Street
Indianapolis, IN 46205
d Control number
Employee's social security number
123-45-6789
e Employee's first name and initial
Lily M Smith
215 First Street
Indianapolis, IN 46205
f Employee's address and ZIP code
15 State Employer's state ID number
IN 00122234001
Last name
16 State wages, tips,
14,450.00
W-2 Wage and Tax Statement
Form
Copy 1-For State, City, or Local Tax Department
OMB No. 1545-0008
1 Wages, tips, other compensation
14,450.00
3 Social security wages
14,450.00
5 Medicare wages and tips
14,450.00
7 Social security tips
Su 11 Nonqualified plans
14 Other
17 State income tax
466.74
2020
18 Local wages, tips
14,450.00
2 Federal income tax withheld
1080.50
4 Social security tax withheld
895.90
6 Medicare tax withheld
209.52
8 Allocated tips
12b
12c
12d
Dependent care benefits
19 Local income tax
234.09
Department of the Treasury-Internal Revenue Service
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