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I have to fill out a W-3 for this question, the wages and taxes are wrong according to my professor:

ABC CORPORATION

255 ALHAMBRA CIRCLE,

CORAL GABELS, FLA 33134

EIN# 65-0622193 / RT-6 # 201202-3

Payroll accounting involves the use of government supplied forms to account for payroll taxes. Four common Federal tax forms are the W-2, W-3, 940, 941. Prepare these payroll tax forms from the following payroll data of ABC Company. Employee Number Employee Name Paid Date Quarterly Quarterly Fed W/H Soc. Sec. Medicare 401-K Wages Salaries Tax Tax Tax Fund Paid Paid W-4 and Rate Rate (From P/R Register) Tax Table 6.20% 1.45% Net P/R Check 2,000.00 2,500.00 3,000.00 4,400.00 1 2 3 4 5 6 7 8 9 10 Allen Beck Beverly Reagan Cindy Smith Dora Anderson Karen Brown Linda Johnson Raul Fernandez Scott Hughes Williams Holden Yager Thomas 10/15/20 10/15/20 10/15/20 10/15/20 11/15/20 11/15/20 12/15/20 12/15/20 12/15/20 12/15/20 5,100.00 8,800.00 9,600.00 6,000.00 7,500.00 9,000.00 240.00 375.00 480.00 792.00 918.00 2,112.00 2,400.00 1,200.00 1,500.00 2,000.00 124.00 155.00 186.00 272.80 316.20 545.60 595.20 372.00 465.00 558.00 29.00 1,607.00 36.25 1,933.75 43.50 2,290.50 63.80 440.00 2,831.40 73.95 0.00 3,791.85 127.60 1,320.00 4,694.80 139.20 1,920.00 4,545.60 87.00 900.00 3,441.00 108.75 1,125.00 4,301.25 130.50 1,350.00 4,961.50 Total payroll for all employees 11,900.00 46,000.00 12,017.00 3,589.80 839.55 7,055.00 34,398.65 Require: Based on the above payroll data, and there are no payroll after this last quarter of 2020 since the company is closed (no business) as of 12/31/20, prepare one W-4 and four federal payroll tax forms (940, 941, W-2 and W-3) for the 4th quarter, and also the final quarter for this ABC Corporation. The due date of these payroll tax returns are 01/31/21. There will be penalties imposed for late filing of the tax returns after this date. Add. Info. ABC Corp. made the following tax deposits during the quarter: 11/15/20 ($3,707.70), 12/15/20 ($5,156.70), and 01/15/21 ($12,011.30). ABC Corporation's Employer ID# is 65-0622193, address is 255 Alhambra Circle, Coral Gables, Fla 33134. The payroll tax returns should be signed and dated by either an officer of the company or a paid preparer. Note: You only have to prepare one sample W-4 for one employee instead of ten forms for all employees. The W-2 should be prepared for two employees, one W-2 without 401-K, and one W-2 with 401-K 501c non-govt. Third-party sick pay (Check if applicable) State/local 501C Federal govt. a Control number For Official Use Only 33333 OMB No. 1545-0008 b 941 Military 943 944 None apply Kind x Kind X of of Hshld. Medicare State/local Payer CT-1 emp. govt. emp. Employer non-501C (Check one) (Check one) c Total number of Forms W-2 d Establishment number 1 Wages, tips, other compensation 10 231600 e Employer identification number (EIN) 3 Social security wages 65-0622193 195,900 f Employer's name 5 Medicare wages and tips ABC Corporation 195,900 7 Social security tips 255 Alhambra Circle 2 Federal income tax withheld 48,068 4 Social security tax withheld 14,359 6 Medicare tax withheld 3,358 8 Allocated tips 9 10 Dependent care benefits Coral Gables, Fl 33134 11 Nonqualified plans 12a Deferred compensation D 28,220 g Employer's address and ZIP code h Other EIN used this year 13 For third-party sick pay use only 12b Payroll accounting involves the use of government supplied forms to account for payroll taxes. Four common Federal tax forms are the W-2, W-3, 940, 941. Prepare these payroll tax forms from the following payroll data of ABC Company. Employee Number Employee Name Paid Date Quarterly Quarterly Fed W/H Soc. Sec. Medicare 401-K Wages Salaries Tax Tax Tax Fund Paid Paid W-4 and Rate Rate (From P/R Register) Tax Table 6.20% 1.45% Net P/R Check 2,000.00 2,500.00 3,000.00 4,400.00 1 2 3 4 5 6 7 8 9 10 Allen Beck Beverly Reagan Cindy Smith Dora Anderson Karen Brown Linda Johnson Raul Fernandez Scott Hughes Williams Holden Yager Thomas 10/15/20 10/15/20 10/15/20 10/15/20 11/15/20 11/15/20 12/15/20 12/15/20 12/15/20 12/15/20 5,100.00 8,800.00 9,600.00 6,000.00 7,500.00 9,000.00 240.00 375.00 480.00 792.00 918.00 2,112.00 2,400.00 1,200.00 1,500.00 2,000.00 124.00 155.00 186.00 272.80 316.20 545.60 595.20 372.00 465.00 558.00 29.00 1,607.00 36.25 1,933.75 43.50 2,290.50 63.80 440.00 2,831.40 73.95 0.00 3,791.85 127.60 1,320.00 4,694.80 139.20 1,920.00 4,545.60 87.00 900.00 3,441.00 108.75 1,125.00 4,301.25 130.50 1,350.00 4,961.50 Total payroll for all employees 11,900.00 46,000.00 12,017.00 3,589.80 839.55 7,055.00 34,398.65 Require: Based on the above payroll data, and there are no payroll after this last quarter of 2020 since the company is closed (no business) as of 12/31/20, prepare one W-4 and four federal payroll tax forms (940, 941, W-2 and W-3) for the 4th quarter, and also the final quarter for this ABC Corporation. The due date of these payroll tax returns are 01/31/21. There will be penalties imposed for late filing of the tax returns after this date. Add. Info. ABC Corp. made the following tax deposits during the quarter: 11/15/20 ($3,707.70), 12/15/20 ($5,156.70), and 01/15/21 ($12,011.30). ABC Corporation's Employer ID# is 65-0622193, address is 255 Alhambra Circle, Coral Gables, Fla 33134. The payroll tax returns should be signed and dated by either an officer of the company or a paid preparer. Note: You only have to prepare one sample W-4 for one employee instead of ten forms for all employees. The W-2 should be prepared for two employees, one W-2 without 401-K, and one W-2 with 401-K 501c non-govt. Third-party sick pay (Check if applicable) State/local 501C Federal govt. a Control number For Official Use Only 33333 OMB No. 1545-0008 b 941 Military 943 944 None apply Kind x Kind X of of Hshld. Medicare State/local Payer CT-1 emp. govt. emp. Employer non-501C (Check one) (Check one) c Total number of Forms W-2 d Establishment number 1 Wages, tips, other compensation 10 231600 e Employer identification number (EIN) 3 Social security wages 65-0622193 195,900 f Employer's name 5 Medicare wages and tips ABC Corporation 195,900 7 Social security tips 255 Alhambra Circle 2 Federal income tax withheld 48,068 4 Social security tax withheld 14,359 6 Medicare tax withheld 3,358 8 Allocated tips 9 10 Dependent care benefits Coral Gables, Fl 33134 11 Nonqualified plans 12a Deferred compensation D 28,220 g Employer's address and ZIP code h Other EIN used this year 13 For third-party sick pay use only 12b

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