As a payroll manager, you realized that you made an error calculating the information on Mei-Ling's W-2 form.

As a payroll manager, you realized that you made an error calculating the information on Mei-Ling's W-2 form. What steps would you need to take to correct the error in the flat rate method you calculated in Question 4? Are there any forms used for this correction? Explain your answer. Why is it important to make this correction? What penalties may apply if you do not make this correction as stated in your textbook?