LO PROBLEM 83A For the third quarter of the year. Johnson Company, 415 Crcd AvenueChicago, Illinois 60652, received Form 941 from the Internal Revenue The identification number of Johnson Company is 91-4213171. Its payroll for the ended September 30 is as follows service DEDUCTIONS TAXABLE EARNINGS TOTAL SOCIAL FEDERAL SOCIAL NAME EARNINGS SECURITY MEDICARE INCOME TAX SECURITY TAX TAX 5 Brown DD16,629.00 16,629 0016.629 00 Carey, LR 18,52800 185280018,528 00 148 74 23 10000 2510001-1,07914 14 237.00 14 665.00 14,665.00 1372100 13,721.0013,721.00 17,406 ool-17,406.00117.406 00 96,236 00 Domzalski, T. P. 14,665.00 8 Grisson, R.O 50 7019895 25230 10 Valdez, KR15.287 001528700 96,236 00 1 96,236.00 5,966 63 1,395 42 The company has had six employees throughout the year. Assume that the FICA Social Security (employer) rate is 6.2 percent and the FICA Social Security (employee) rate is 6.2 percent on the first $113,700 and that the Medicare tax is 1.45 percent of all earnings The employer matches the employees' FICA Medicare taxes. There are no taxable tips, adjustments, backup withholding, or earned income credits. Johnson Company has submitted the following federal tax deposits and written the accompanying checks On August 15 for the On September 15 for the August Payroll On October 15 for the September Payroll July Payroll Employees' income Employees income tax withheld Employees' income tax withheld tax withheld $4,370.00 $5,122.00 $4,745.00 Employees' Social Security and Medicare tax Employees' Social Security and Medicare tax Employees' Social Security and Medicare tax withheld 2,29.6withheld 2.326.28 withheld 2776.01 Employer's Social Security and Medicare tax Employer's Social Security and Medicare tax contributed Employer's Social Security and Medicare tax contributed contributed 2,259.76 $8,889.52 2,776.01 2,326.28 $9,774.56 $10.297.02 LO PROBLEM 83A For the third quarter of the year. Johnson Company, 415 Crcd AvenueChicago, Illinois 60652, received Form 941 from the Internal Revenue The identification number of Johnson Company is 91-4213171. Its payroll for the ended September 30 is as follows service DEDUCTIONS TAXABLE EARNINGS TOTAL SOCIAL FEDERAL SOCIAL NAME EARNINGS SECURITY MEDICARE INCOME TAX SECURITY TAX TAX 5 Brown DD16,629.00 16,629 0016.629 00 Carey, LR 18,52800 185280018,528 00 148 74 23 10000 2510001-1,07914 14 237.00 14 665.00 14,665.00 1372100 13,721.0013,721.00 17,406 ool-17,406.00117.406 00 96,236 00 Domzalski, T. P. 14,665.00 8 Grisson, R.O 50 7019895 25230 10 Valdez, KR15.287 001528700 96,236 00 1 96,236.00 5,966 63 1,395 42 The company has had six employees throughout the year. Assume that the FICA Social Security (employer) rate is 6.2 percent and the FICA Social Security (employee) rate is 6.2 percent on the first $113,700 and that the Medicare tax is 1.45 percent of all earnings The employer matches the employees' FICA Medicare taxes. There are no taxable tips, adjustments, backup withholding, or earned income credits. Johnson Company has submitted the following federal tax deposits and written the accompanying checks On August 15 for the On September 15 for the August Payroll On October 15 for the September Payroll July Payroll Employees' income Employees income tax withheld Employees' income tax withheld tax withheld $4,370.00 $5,122.00 $4,745.00 Employees' Social Security and Medicare tax Employees' Social Security and Medicare tax Employees' Social Security and Medicare tax withheld 2,29.6withheld 2.326.28 withheld 2776.01 Employer's Social Security and Medicare tax Employer's Social Security and Medicare tax contributed Employer's Social Security and Medicare tax contributed contributed 2,259.76 $8,889.52 2,776.01 2,326.28 $9,774.56 $10.297.02
