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6–16 Payroll Accounting
6–16A. (Continued)
SUTA TAXES PAYABLE 23
Balance
Date Item P.R. Dr. Cr. Dr. Cr.
20--
Apr. 1 Balance ......... 9 ................ ................ ................. 571.78
15 ....................... J19 ................ 140.42 ................. 712.20
EMPLOYEES FIT PAYABLE 25
Balance
Date Item P.R. Dr. Cr. Dr. Cr.
29 ....................... J19 ................ 509.00 ................. 1,074.00
May 13 ....................... J20 ................ 507.00 ................. 1,581.00
16 ....................... J20 1,074.00 ................ ................. 507.00
EMPLOYEES SIT PAYABLE 26
Balance
Date Item P.R. Dr. Cr. Dr. Cr.
May 13 ....................... J20 ................ 125.05 ................. 361.27
Chapter 6 6–17
6–16A. (Continued)
UNION DUES PAYABLE 28
Balance
Date Item P.R. Dr. Cr. Dr. Cr.
20--
13 ....................... J20 ................. 55.00 ................ 55.00
WAGES AND SALARIES 51
Balance
Date Item P.R. Dr. Cr. Dr. Cr.
May 13 ....................... J20 5,810.00 ................ 89,125.00 ..............
PAYROLL TAXES 55
Balance
Date Item P.R. Dr. Cr. Dr. Cr.
20--
6–18 Payroll Accounting
6–16A. (Concluded)
(c) Questions
1. FICA Taxes Payable—OASDI ................................................... $1,566.12
Solutions—Problem Set B
6–1B. Take-home pay .................................................... $499.00
6–2B. (a) Disposable earnings [exclude health insurance,
6–3B. (a) Wages .................................................................. 16,900.00
FICA Taxes Payable—OASDI ........................ 1,047.80
Chapter 6 6–19
6–4B. Wages.................................................................. 7,780.00
FICA Taxes Payable—OASDI ........................ 482.36
6–5B. (a) Wages.................................................................. 53,900.00
FICA Taxes Payable—OASDI ........................ 3,124.80
6–20 Payroll Accounting
6–6B.
ADAMS, INC.
Supplementary Payroll Sheet
Net
Name of Amount Bills Coins
Employee Paid $20 $10 $5 $1 50¢ 25¢ 10¢ 5¢ 1¢
Ben Dowd $ 639.57 31 1 1 4 1 1 2
Erin Martin 248.95 12 1 3 1 1 2
6–7B. Wages .................................................................. 2,400.00
FICA Taxes Payable—OASDI ........................ 148.80
FICA Taxes Payable—HI ................................ 34.80
6–8B. Wages .................................................................. 15,600.00
FICA Taxes Payable—OASDI ........................ 967.20
Chapter 6 6–21
6–9B. Wages ..................................................................... 2,910.00
FICA Taxes Payable—OASDI ........................... 180.42
6–13B. (a) Full-time employee-hours ....................................................... 26,110
6–15B.
1.
Taxes to Be Withheld
from Employees’
Earnings Under
Employer Taxes:
Portion of Employees’
Earnings Taxable Under
FICA FICA
Employee OASDI HI SUTA OASDI HI FUTA SUTA
1. Watson, Ruth T. .......... $ 0.00 $ 27.41 ....... $ ………. $1,890.00 ............ ............
2. Kinder, Ralph A. .......... 25.42 5.95 ....... 410.00 410.00 ............ ............
Chapter 6 6–23
6–16B. (a)
BROOKINS COMPANY JOURNAL
Page 19
20--
Apr. 1 Union Dues Payable ................................. 28 100.00
15 Employees SIT Payable............................ 26 546.92
Cash .................................................... 11 546.92
6–24 Payroll Accounting
6–16B. (Continued)
JOURNAL Page 20
20--
May 2 Union Dues Payable ................................. 28 275.00
Cash .................................................... 11 275.00
31 Wages and Salaries .................................. 51 8,755.00
FICA Taxes Payable—OASDI ............. 20 542.81
Chapter 6 6–25
6–16B. (Continued)
JOURNAL Page 21
20--
June 15 Wages and Salaries .................................. 51 9,110.00
FICA Taxes Payable—OASDI ............. 20 564.82
15 Payroll Taxes ............................................ 55 819.01
30 Wages and Salaries .................................. 51 8,960.00
6–26 Payroll Accounting
6–16B. (Continued)
GENERAL LEDGER
(b)
CASH 11
Balance
Date Item P.R. Dr. Cr. Dr. Cr.
20--
Apr. 1 Balance .......... 9 .............. ............. 57,673.56 ...............
1 ....................... J19 .............. 100.00 57,573.56 ...............
FICA TAXES PAYABLE—OASDI 20
Balance
Date Item P.R. Dr. Cr. Dr. Cr.
20--
Apr. 1 Balance ......... 9 .............. ............. ................ 1,068.88
15 ....................... J19 .............. 515.22 ................ 1,584.10
Chapter 6 6–27
6–16B. (Continued)
FICA TAXES PAYABLE—HI 21
Balance
Date Item P.R. Dr. Cr. Dr. Cr.
20--
Apr. 1 Balance ......... 9 ................. ................ ................ 249.98
FUTA TAXES PAYABLE 22
Balance
Date Item P.R. Dr. Cr. Dr. Cr.
20--
Apr. 1 Balance ......... 9 ................. ................ ................ 149.16
6–28 Payroll Accounting
6–16B. (Continued)
SUTA TAXES PAYABLE 23
Balance
Date Item P.R. Dr. Cr. Dr. Cr.
20--
Apr. 1 Balance ......... 9 ................ ................ ................. 571.78
EMPLOYEES FIT PAYABLE 25
Balance
Date Item P.R. Dr. Cr. Dr. Cr.
20--
Apr. 1 Balance ......... 9 ................ ................ ................. 1,124.00
15 ....................... J19 ................ 890.00 ................. 2,014.00
15 ....................... J19 1,124.00 ................ ................. 890.00
EMPLOYEES SIT PAYABLE 26
Balance
Date Item P.R. Dr. Cr. Dr. Cr.
20--
Apr. 1 Balance ......... 9 ................ ................ ................. 546.92
Chapter 6 6–29
6–16B. (Continued)
UNION DUES PAYABLE 28
Balance
Date Item P.R. Dr. Cr. Dr. Cr.
20--
Apr. 1 Balance ......... 9 ................. ................ ................ 100.00
WAGES AND SALARIES 51
Balance
Date Item P.R. Dr. Cr. Dr. Cr.
PAYROLL TAXES 55
Balance
Date Item P.R. Dr. Cr. Dr. Cr.
20--
Apr. 1 Balance ......... 9 ................. ................ 6,846.74 ..............
15 ....................... J19 876.71 ................ 7,723.45 ..............
6–30 Payroll Accounting
6–16B. (Concluded)
(c) Questions
Continuing Payroll Problem A (p. 6–84)
See the completed payroll register on pages CPP–1 through CPP–3.
Continuing Payroll Problem B (p. 6–84)
See the completed payroll register on pages CPP–4 through CPP–6.
Case Problem (p. 6–85)
Case 6–1
The additional payroll cost percentage would be calculated as follows:
FICA tax—OASDI ................................ $24,000 × 0.062 = $1,488.00
