4–13A. (Continued)
(d)
(e)
Source: Internal Revenue Service.
4–13A. (Continued)
(f)
Source: Internal Revenue Service.
Chapter 4 4–23
4–13A. (Concluded)
Source: Internal Revenue Service.
4–24 Payroll Accounting
Solutions—Problem Set B
4–1B.
4–2B.
Employee
No.
Employee
Name
Marital
Status
No. of
Withholding
Allowances
Gross Wage
or Salary
Amount
to Be
Withheld
1 Skymer, A. M 4 $ 1,575 weekly $ 146.66a
4–3B.
Amount to Be
Withheld
Employee
Marital
Status
No. of
Withholding
Allowances
Gross Wage
or Salary
Percentage
Method
Wage-
Bracket
Method
Ruiz, S. S 2 $1,040 weekly $128.05a $129.00
4–4B.
Employee
Marital
Status
No. of
Withholding
Allowances
Payroll Period
W = Weekly
S = Semimonthly
M = Monthly
D = Daily
Wage
Amount to
Be Withheld
Ed Boone M 1 W $1,250 $134.00
Ray Ortega S 1 W 695 77.00
4–5B.
For Period Ending December 21
No. of Deductions (e)
Marital W/H Total (a) FICA (b) (c) (d) Net
Employee Name Status Allowances Earnings OASDI HI FIT SIT CIT Pay
Gold, Ken M 3 $2,080.00 $128.96 $ 30.16 $256.13* $ 64.48 $20.80 $1,579.47
Morton, Cam S 1 690.00 42.78 10.01 77.00 21.39 6.90 531.92
Compute the employer’s FICA taxes for the pay period ending December 21.
4–26 Payroll Accounting
4–6B.
(a)
$750
(c) Gross bonus amount $1,204.83*
4–7B.
Gross pay ……………………………………………………………………………… $1,090.00
4–8B.
For Period Ending December 28
No. of Earnings Deductions (g)
Marital W/H (a) (b) (c) FICA (d) (e) (f) Net
Employee Name Status Allowances Regular Supp’l. Total OASDI HI FIT SIT CIT Pay
Wayne, Bret M 5 $ 4,200.00* $ 4,032.00 $ 8,232.00 $ 510.38 $119.36 $1,202.00 $164.64 $ 82.32 $ 6,153.30
Young, Gina M 2 4,150.00* 3,984.00 8,134.00 504.31 117.94 1,330.00 162.68 81.34 5,937.73
Compute the employer’s FICA taxes for the pay period ending December 28.
4–28 Payroll Accounting
© 2018 Cengage Learning, Inc. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part..
4–9B.
Employee Name Earnings OASDI* HI* FIT SIT CIT Pay
Wayne, Bret $ 16,632.00 $1,031.18 $ 241.16 $ 1,590.00 $ 332.64 $ 166.32 $13,270.70
Chapter 4 4–29
4–10B.
(a)
(b) $250 – $62.50a – $15.50b – $3.63c – $7.53d = $160.84
4–11B.
(c) Montgomery’s take-home pay with the
retirement contribution deducted:
Weekly pay ……………………………………………………………….. $ 1,200.58
(d) Montgomery’s take-home pay without the
retirement contribution deducted:
Weekly pay ……………………………………………………………….. $ 1,200.58
FICA—OASDI ……………………………………………………………. (74.44)
4–12B.
(a)
FEDERAL DEPOSIT INFORMATION WORKSHEET
Employer
Identification Number
00-0004701
Name
Clarke’s Roofing
FEDERAL DEPOSIT INFORMATION WORKSHEET
Employer
Identification Number
00-0004701
Name
Clarke’s Roofing
4–32 Payroll Accounting
4–12B. (Continued)
FEDERAL DEPOSIT INFORMATION WORKSHEET
Employer
Identification Number
00-0004701
Name
Clarke’s Roofing
Chapter 4 4–33
4–12B. (Continued) Form 941
(b)
4–34 Payroll Accounting
4–12B. (Continued)
Source: Internal Revenue Service.
Chapter 4 4–35
4–12B. (Concluded) Employer’s Report of State Income Tax Withheld
(c)
4–13B. Wage and Tax Statement
(a)
Source: Internal Revenue Service.
4–36 Payroll Accounting
4–13B. (Continued)
(b)
(c)
Chapter 4 4–37
4–13B. (Continued)
(d)
4–38 Payroll Accounting
4–13B. (Continued)
(e)
(f)
Source: Internal Revenue Service.
Chapter 4 4–39
4–13B. (Concluded)
4–40 Payroll Accounting
Continuing Payroll Problem A (p. 4–69)
See the completed payroll register on pages CPP–1 through CPP–3.
Continuing Payroll Problem B (p. 4–69)
See the completed payroll register on pages CPP–4 through CPP–6.
Case Problems (p. 4–70)
Case 4–1
1. To correct the errors, the employer must complete Form W-2c, Statement of
Corrected Income and Tax Amounts. On Form W-2c, there is a place to show the