During the past week, one of your newly employed payroll associates dropped into your office to ask severalquestions regarding wage reporting for federal incomeand social security tax purposes. If you were the payrollsupervisor, how would you answer each of the followingquestions raised by your associate?1. I just noticed that the social security number is wrongon three of the employees’ W-2 forms. How do I goabout correcting the forms? Will the employees bepenalized for filing incorrect forms?2. Eileen Huang informed me today that we hadwithheld too much Medicare tax from her pay lastyear. She is right! What forms do I use to make thecorrection?3. You asked me last week to locate one of our formeremployees, Warren Bucks. I can’t seem to track himdown. What should I do with his Form W-2?4. Is it okay to use titles like “M.D.” and “Esq.” when Ikeyboard data in the W-2 forms?
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?
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