In the Continuing Payroll Problem A, presented at the end of succeeding chapters, you will gain experience in computing wages and salaries and preparing a payroll register for Kipley Company, Inc., a newly formed corporation. At the end of subsequent chapters, information will be presented so that the payroll register can be completed step by step as you proceed through the discussion material relating to that particular section of the payroll register. Kipley Company is a small manufacturing firm located in Pittsburgh, Pennsylvania. The company has a workforce of both hourly and salaried employees. Each employee is paid for hours actually worked during each week, with the time worked being recorded in quarter-hour increments. The standard workweek consists of 40 hours, with all employees being paid time and one-half for any hours worked beyond the 40 regular hours. Wages are paid every Friday, with one week's pay being held back by the company. Thus, the first payday for Kipley Company is January 14 for the workweek ending January 8 (Saturday). The information below will be used in preparing the payroll for the pay period ending January 8.

Hourly Time Wage or Card No. Employee Name Salary Per 11 Carson, Fran M. $7.50 Hour 12 Wilson, William A. $7.25 Hour 13 Utley, Harry T. $8.10 |Hour 21 Fife, Lawrence R. $7.90 Hour 22 Smith, Lucy K. $9.75 Hour 31 Fay, Gretchen R. $515.00 Week 32 Robey, Glenda B. $1,700.00 Month 33 Schork, Thomas K. $2,350.00 Month 51 Hardy, Barbara T. $1,510.00 Month 99 Kipley, Carson C. $52,000.00 YearFor Period Ending January 8, 20-- Time Record Time Time Employee Worked* Lost M T W T F S 1 1 Fran M. Carson 40 12 William A. Wilson 48 13 Harry T. Utley 5% 37/ 2/2 Ru. 21 Lawrence R. Fife $ 6 tardy 22 Lucy K. Smith 40 31 Gretchen R. Fay 41 1/4 32 Glenda B. Robey 33 Thomas K. Schork 51 Barbara T. Hardy 4 4 99 Carson C. KipleyTime Marital No. of SIMPLE Card No. Employee Name Status Allowances Deductions 11 Carson, Fran M. S 1 $20 12 Wilson, William A. O $50 13 Utley, Harry T. M 2 $40 21 Fife, Lawrence R. M 4 $50 22 Smith, Lucy K. S 2 $20 31 Fay, Gretchen R. M 3 $40 32 Robey, Glenda B. M 6 $50 33 Schork, Thomas K. S $60 51 Hardy, Barbara T. M 5 $30 99 Kipley, Carson C. M $80Continuing Payroll Problem-A II KIPLEY COMPANY, INC. II II FOR PERIOD ENDING January 8, 20 - - PAYROLL REGISTER MARIT NO. OF HOUR REGULAR EARNINGS OVERTIME EARNINGS AL W/H DEDUCTIONS NET PAY TAXABLE EARNINGS STATU ALLOW WORK RATE PER S EMPLOYEE WORK ED HOUR RATE PER TOTAL AMOUNT ED HOUR FICA AMOUNT EARNINGS HI GROUP 11 Carson, Fran M. OASDI SUTA CIT SIMPLE HEALTH CHECK INSURANCE INSURANCE NO. AMOUNT OASDI HI FUTA SUTA 12 Wilson, William A. 313 13 Utley, Harry T. 314 21 Fife, Lawrence R. 315 22 Smith, Lucy K. 316 31 Fay, Gretchen R 317 32 Robey, Glenda B 318 33 Schork, Thomas K. 319 51 Hardy, Barbara T. 320 99 Kipley, Carson C. 321 Totals 322JOURNAL DATE DESCRIPTION DEBIT CREDIT 20-- Jan. 12 Wages and Salaries FICA Taxes Payable - OASDI FICA Taxes Payable - HI Employees FIT Payable Employees SIT Payable Employees SUTA Payable Employees CIT Payable SIMPLE Deductions Payable Group Insurance Premiums Collected Health Insurance Premiums Collected Salaries Payable Jan. 12 Payroll Taxes FICA Taxes Payable - OASDI FICA Taxes Payable - HI FUTA Taxes Payable SUTA Taxes Payable Jan. 14 Salaries Payable Cash