CONTINUING PAYROLL PROBLEM • A
KIPLEY COMPANY, INC.
Payroll Register
1.
For Period Ending January 8, 20–
Regular Earnings Overtime Earnings
Time
Card
No.
Name
Marital
Status
No.
W/H
Allow.
Hours
Worked
Rate
per
Hour
Amount
Hours
Worked
Rate
per
Hour
Amount
Total
Earnings
11 Carson, F. S 1 40 17.50 700.00 700.00
12 Wilson, W. S 0 40 17.25 690.00 8 25.88 207.04 897.04
2.
CONTINUING PAYROLL PROBLEM • A
KIPLEY COMPANY, INC.
Payroll Register
DEDUCTIONS NET PAID TAXABLE EARNINGS
OASDI
TAX
HI
TAX
FIT
SIT
SUTA
CIT
SIM-
PLE
DED.
GRP.
INS.
HEALTH
INS.
CK.
NO.
AMT.
OASDI
HI
FUTA
SUTA
43.40 10.15 75.00 21.49 0.49 21.00 20.00 0.85 1.65 313 505.97 700.00 700.00 700.00 700.00
55.62 13.01 118.00 27.54 0.63 26.91 50.00 0.85 1.65 314 602.83 897.04 897.04 897.04 897.04
CPP–2 Payroll Accounting
Continuing Payroll Problem CPP–3
Continuing Payroll Problem • A (Concluded)
Questions from Chapter 5:
Questions from Chapter 6:
Total earnings ………………………………………………………… $7,544.31
(b) 20–
CONTINUING PAYROLL PROBLEM • B
OLNEY COMPANY, INC.
Payroll Register
1.
For Period Ending January 8, 20–
Regular Earnings Overtime Earnings
Time
Card
No.
Name
Marital
Status
No.
W/H
Allow.
Hours
Worked
Rate
per
Hour
Amount
Hours
Worked
Rate
per
Hour
Amount
Total
Earnings
11 Mangino, R. S 1 40 18.50 740.00 740.00
CPP–4 Payroll Accounting
2.
CONTINUING PAYROLL PROBLEM • B
OLNEY COMPANY, INC.
Payroll Register
DEDUCTIONS NET PAID TAXABLE EARNINGS
OASDI
TAX
HI
TAX
FIT
SIT
SUTA
CIT
SIM-
PLE
DED.
GRP.
INS.
HEALTH
INS.
CK.
NO.
AMT.
OASDI
HI
FUTA
SUTA
45.88 10.73 81.00 22.72 0.52 14.62 20.00 0.85 1.65 313 542.03 740.00 740.00 740.00 740.00
65.65 15.35 158.00 32.51 0.74 20.91 50.00 0.85 1.65 314 713.14 1,058.80 1,058.80 1,058.80 1,058.80
Continuing Payroll Problem CPP–5
CPP–6 Payroll Accounting
Continuing Payroll Problem • B (Concluded)
Questions from Chapter 5:
Questions from Chapter 6:
5. Total net paid………………………………………………………….. $7,181.94
Add deductions:
OASDI …………………………………………………………… $597.68
HI …………………………………………………………………. 139.77
6. (a) 20–
Jan. 12 Wages and Salaries ……………………….. 9,639.80
FICA Taxes Payable—OASDI…… 597.68
FICA Taxes Payable—HI …………. 139.77
12 Payroll Taxes ………………………………… 1,149.89