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

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
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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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
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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