Question: Philcon Corporation (P.O. Box 4563, Anchorage,
Philcon Corporation (P.O. Box 4563, Anchorage, AK 99508; EIN 12-3456789) paid Louise Chugach, an employee who lives at 5471 East Tudor Road, Anchorage, AK 99508, wages of $124,554 in 2016. The income tax withholding for the year amounted to $16,050.40, and the FICA tax withheld was based on 2016 rates. There is no difference between Louise’s FICA wages and those reported in Box 1 of the W-2. Her Social Security number is 545-64-7745. a. Complete the following Form W-2 for Louise Chugach from Philcon Corporation. b. Philcon Corporation also paid $900 to Ralph Kincaid for presenting a management seminar. Ralph lives at 1455 Raspberry Road, Anchorage AK 99508, and his Social Security number is 475-45-3226. Complete the following Form 1099-MISC for the payment to Ralph from Philcon Corporation. 
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Employee's socialsecurity number Safe, aceurate, efile Visit the RS webaite at www.irs.gowaie OMB No. 1545-000A FAST Use b Employer identification number (EIN 1 Wagen, Ipa, olher comperion 2 Faderal income tax withhald e Employer's name, addre, and ZP code 4 SOca SCumy a i u 5 Medicare wages and tps 6 Medicare ax withheld 7 Social security tips 8 Alocated tip d Control number 10 Dependent care benefits . Employee's firat name and initial Last name Suff. 11 Nonquafied plans 12a See instructions for bax 12 12b pla pay 14 Other 12e 12d 1 Employee's address and ZIP code 15 S Employer's state D rumber 16 State wag, lip, tc. 17 State income tax 18 Local wages pe, 19 Local income ta 20 Locality name Department ol the Treasury-Intemal Revenue Service Form W-2 Wage and Tax 2016 Statement Copy B-To Be Filed With Employee's FEDERAL Tax Return. This information is being fumished to the Intemal Revenue Service. O CORRECTED (f checked) PAYER'S name, street address, city or town, state or province, country, ZIP| 1 Rents or foreign postal code, and talephone no. OMB No. 1545-0115 2016 Miscellaneous Income 2 Royalties $ 3 Other income Form 1099-MISC 4 Federal income tax withheld Copy B For Recipient 5 Fahing boat proceds 6 Medal and heath car paymants PAYER'S federal identification number RECIPIENT'S identification number 2$ 24 RECIPIENTS name 7 Nonemployee compersation 8 Substhute paymanta in lieu of This is important tax information and is being fumished to the Internal Revenue dividenda or interest Street addresa (nekuding apt. no) 9 Payar made direct sales of $5,000 or more of consumer products to a buyer reciplent for esde OS 11 Service. If you are required to file a retum, a negligence penalty or other sanction may be imposed on you if 10 Crop insurance proceeds City or town, state or province, country, and ZIP or foreign postal code 12 this income is taxable and the IRS FATCA fing requirement 13 Excess golden parachute payments Account number (see instructiona) 14 Gross proceeds paid to an attornay determines that it has not been reported. 24 16 State tax withheld 24 17 State Payer's state no. 15a Section 409A deferrals 15b Section 409A income 18 State inoome IS Fom 1099-MISC (keep for your records) www.ins.gowform 1099mise Department of the Treasury - Internal Revenue Service
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