7–34 Payroll Accounting
Transaction No. 10
22222 Void
a Employee’s social security number
000-00-6741
For Official Use Onl
y
OMB No. 1 545-0008
b Employer identification number (EIN) 1 Wages, tips, other compensation 2Federal income tax withheld
15993.33 991.59
Glo-Brite Paint Company 5 Medicare wages and tips 6 Medicare tax withheld
2215 Salvador Street 15993.33 231.89
Philadelphia, PA 19175-0682 7 Social security tips 8 Allocated tips
d Control number 9 Verification code 10 Dependent care benefits
employee plan sick pay
Code
9433 STATE STREET 12c
PHILADELPHIA, PA 19149-0819 14 Other Code
W-2
Wage and Tax
Statement 20– Department of the Treasury—Internal Revenue Service
For Privacy Act and Paperwork
Reduction Act Notice, see back of Copy D.
Transaction No. 24
22222 Void
a Employee’s social security number
000-00-6337
For Official Use Onl
y
OMB No. 1 545-0008
b Employer identification number (EIN) 1 Wages, tips, other compensation 2Federal income tax withheld
14634.00 907.31
Glo-Brite Paint Company 5 Medicare wages and tips 6 Medicare tax withheld
2215 Salvador Street 14634.00 212.20
Philadelphia, PA 19175-0682 7 Social security tips 8 Allocated tips
d Control number 9 Verification code 10 Dependent care benefits
W-2
Source: Internal Revenue Service.
Chapter 7 7–35
Transaction No. 38
22222 Void
a Employee’s social security number
000-00-3481
For Official Use Onl
y
OMB No. 1 545-0008
b Employer identification number (EIN) 1 Wages, tips, other compensation 2 Federal income tax withheld
00-0000660 20298.00 1118.00
c Employer’s name, address, and ZIP code 3 Social security wages 4 Social security tax withheld
20298.00 1258.48
22222 Void
a Employee’s social security number
000-00-8645
For Official Use Onl
y
OMB No. 1 545-0008
b Employer identification number (EIN) 1 Wages, tips, other compensation 2 Federal income tax withheld
00-0000660 35125.00 2888.00
c Employer’s name, address, and ZIP code 3 Social security wages 4 Social security tax withheld
7–36 Payroll Accounting
Transaction No. 38 (Continued)
22222 Void
a Employee’s social security number
000-00-4567
For Official Use Onl
y
OMB No. 1 545-0008
b Employer identification number (EIN) 1 Wages, tips, other compensation 2Federal income tax withheld
00-0000660 13740.00 1299.00
c Employer’s name, address, and ZIP code 3 Social security wages 4 Social security tax withheld
Philadelphia, PA 19175-0682 7 Social security tips 8 Allocated tips
d Control number 9 Verification code 10 Dependent care benefits
e Employee’s first name and initial Last name Suff. 11 Nonqualified plans 12a See instructions for box 12
Catherine L. For
d
Code
13 Statutory Retirement Third-party 12b
employee plan sick pay
Code
18 DUNDEE AVENUE 12c
PHILADELPHIA, PA 19151-1919 14 Other Code
12d
22222 Void
a Employee’s social security number
000-00-9352
For Official Use Onl
y
OMB No. 1 545-0008
b Employer identification number (EIN) 1 Wages, tips, other compensation 2Federal income tax withheld
00-0000660 12750.00 770.00
c Employer’s name, address, and ZIP code 3 Social security wages 4 Social security tax withheld
13500.00 837.00
Glo-Brite Paint Company 5 Medicare wages and tips 6 Medicare tax withheld
2215 Salvador Street 13500.00 195.78
Philadelphia, PA 19175-0682 7 Social security tips 8 Allocated tips
d Control number 9 Verification code 10 Dependent care benefits
W-2
Wage and Tax
Statement 20– Department of the Treasury—Internal Revenue Service
For Privacy Act and Paperwork
Reduction Act Notice, see back of Copy D.
Source: Internal Revenue Service.
Chapter 7 7–37
Transaction No. 38 (Continued)
y
b Employer identification number (EIN) 1 Wages, tips, other compensation 2 Federal income tax withheld
00-0000660 126138.41 33405.73
c Employer’s name, address, and ZIP code 3 Social security wages 4 Social security tax withheld
127200.00 7886.40
Glo-Brite Paint Company 5 Medicare wages and tips 6 Medicare tax withheld
2215 Salvador Street 131538.41 1907.30
Philadelphia, PA 19175-0682 7 Social security tips 8 Allocated tips
d Control number 9 Verification code 10 Dependent care benefits
W-2
Wage and Tax
Statement 20– Department of the Treasury—Internal Revenue Service
For Privacy Act and Paperwork
Reduction Act Notice, see back of Copy D.
22222 Void
a Employee’s social security number
000-00-1223
For Official Use Onl
y
OMB No. 1 545-0008
b Employer identification number (EIN) 1 Wages, tips, other compensation 2 Federal income tax withheld
00-0000660 23139.30 1342.00
c Employer’s name, address, and ZIP code 3 Social security wages 4 Social security tax withheld
23739.30 1471.84
d Control number 9 Verification code 10 Dependent care benefits
e Employee’s first name and initial Last name Suff. 11 Nonqualified plans 12a See instructions for box 12
N
orman A. R
y
an Code S 600.00
13 Statutory Retirement Third-party 12b
employee plan sick pay
Code
7300 HARRISON STREET 12c
PHILADELPHIA, PA 19124-6699 14 Other Code
X
7–38 Payroll Accounting
Transaction No. 38 (Continued)
22222 Void
a Employee’s social security number
000-00-8832
For Official Use Onl
y
OMB No. 1 545-0008
b Employer identification number (EIN) 1 Wages, tips, other compensation 2Federal income tax withheld
00-0000660 28950.00 3348.00
c Employer’s name, address, and ZIP code 3 Social security wages 4 Social security tax withheld
28950.00 1794.90
W-2
Wage and Tax
Statement 20– Department of the Treasury—Internal Revenue Service
For Privacy Act and Paperwork
Reduction Act Notice, see back of Copy D.
y
00-0000660 11584.00 988.00
c Employer’s name, address, and ZIP code 3 Social security wages 4 Social security tax withheld
11584.00 718.23
Glo-Brite Paint Company 5 Medicare wages and tips 6 Medicare tax withheld
2215 Salvador Street 11584.00 167.99
Philadelphia, PA 19175-0682 7 Social security tips 8 Allocated tips
PA 000-0-3300
11584.00 355.65 11584.00 451.84 PHILA.
W-2
Wage and Tax
Statement 20– Department of the Treasury—Internal Revenue Service
For Privacy Act and Paperwork
Reduction Act Notice, see back of Copy D.
Source: Internal Revenue Service.
Chapter 7 7–39
Transaction No. 38 (Concluded)
22222 Void
a Employee’s social security number
000-00-1587
For Official Use Onl
y
OMB No. 1 545-0008
Philadelphia, PA 19175-0682 7 Social security tips 8 Allocated tips
d Control number 9 Verification code 10 Dependent care benefits
e Employee’s first name and initial Last name Suff. 11 Nonqualified plans 12a See instructions for box 12
Beth A. Woods Code
13 Statutory Retirement Third-party 12b
employee plan sick pay
Code
8102 FRANKLIN COURT 12c
PHILADELPHIA, PA 19105-0915 14 Other Code
12d
f Employee’s address and ZIP code Code
W-2
Wage and Tax
Statement 20– Department of the Treasury—Internal Revenue Service
For Privacy Act and Paperwork
Reduction Act Notice, see back of Copy D.
22222 Void
a Employee’s social security number
000-00-6057
For Official Use Onl
y
OMB No. 1 545-0008
b Employer identification number (EIN) 1 Wages, tips, other compensation 2 Federal income tax withheld
Glo-Brite Paint Company 5 Medicare wages and tips 6 Medicare tax withheld
2215 Salvador Street 1260.00 18.27
Philadelphia, PA 19175-0682 7 Social security tips 8 Allocated tips
PA 000-0-3300
1260.00 38.68 1260.00 49.15 PHILA.
Wage and Tax
For Privacy Act and Paperwork
7–40 Payroll Accounting
Transaction No. 39
Transaction No. 40
Source: PA Department of Revenue.
Chapter 7 7–41
7–42 Payroll Accounting
Transaction No. 41
Chapter 7 7–43
Transaction No. 42
7–44 Payroll Accounting
Questions on the Payroll Project (p. 7–22)
1. Total of employer’s FICA tax entries ………………………………………………. $12,882.72
FUTA tax ………………………………………………………………………………….. 48.30
2. O’Neill’s total earnings from the six payrolls in the fourth quarter were $88,846.14.
5. Calculation of accrued salaries and wages:
Biweekly
Administrative Salaries Gross Earnings 14 Days’ Accrual
Chapter 7 7–45
Biweekly
Sales Salaries Gross Earnings 14 Days’ Accrual
Plant Wages
Bonno ………………………………………. 112 hrs. × $17.60 $1,971.20
Adjusting Entry
20–
6. Bonno ………………………………………… $ 1,408.00
Ferguson ……………………………………. 3,375.00
Adjusting Entry
20–
Dec. 31 Vacation Benefits Expense ……………… 15,851.38