1sa irpny 12alo Net Paid $2,194-72 No. 24 Make a separate entry (on one line) in the payroll register to record the issuance of a check payable to the Estate of Virginia A. Russell. This check covers Russell's work for the weeks ending December 5 and 12 ($1,134.00) plus her accrued vacation pay ($1,260.00). Do not show the vacation hours in the Time Record col- umns on the payroll register, but include them in the Total Earnings column. Russell's final biweekly pay for time worked and the vaca- subject to FICA, FUTA, and SUTA (employer and em- tion pay are ployee) taxes. Since Russell's cumulative earnings have surpassed the taxable earnings figures established by FUTA and SUTA, there will not be any unemployment tax on the employer. The deduction for group insurance premiums is $1470. 2 Make a notation of Rus- sell's death in the payroll register and on her earnings record. Pay Points Prepare a Wage and Tax Statement, Form W-2, which will be given to the executor of the estate along with the final pay- check 3 Prepare journal entries to transfer the net pay and to record Rus- sell's final pay and the employer's payroll taxes. Post to the ledger 4 Include the final gross pay ($2,394.00) in Boxes 3 and 5 accounts. but not in Boxes 1, 16, and 18. Use the blank Form W-2 on page 7-59 In addition, the last wage payment and vacation pay must be report- ed on Form 1099-MISC. A Form 1096 must also be completed. These forms will be completed in February before their due date. (See Transaction Nos. 41 and 42 on page 7-66.) cember 15 No. 25 Electronically deposit the amount of FICA taxes and federal income taxes for the November payrolls and complete the Federal pa 1sa irpny 12alo Net Paid $2,194-72 No. 24 Make a separate entry (on one line) in the payroll register to record the issuance of a check payable to the Estate of Virginia A. Russell. This check covers Russell's work for the weeks ending December 5 and 12 ($1,134.00) plus her accrued vacation pay ($1,260.00). Do not show the vacation hours in the Time Record col- umns on the payroll register, but include them in the Total Earnings column. Russell's final biweekly pay for time worked and the vaca- subject to FICA, FUTA, and SUTA (employer and em- tion pay are ployee) taxes. Since Russell's cumulative earnings have surpassed the taxable earnings figures established by FUTA and SUTA, there will not be any unemployment tax on the employer. The deduction for group insurance premiums is $1470. 2 Make a notation of Rus- sell's death in the payroll register and on her earnings record. Pay Points Prepare a Wage and Tax Statement, Form W-2, which will be given to the executor of the estate along with the final pay- check 3 Prepare journal entries to transfer the net pay and to record Rus- sell's final pay and the employer's payroll taxes. Post to the ledger 4 Include the final gross pay ($2,394.00) in Boxes 3 and 5 accounts. but not in Boxes 1, 16, and 18. Use the blank Form W-2 on page 7-59 In addition, the last wage payment and vacation pay must be report- ed on Form 1099-MISC. A Form 1096 must also be completed. These forms will be completed in February before their due date. (See Transaction Nos. 41 and 42 on page 7-66.) cember 15 No. 25 Electronically deposit the amount of FICA taxes and federal income taxes for the November payrolls and complete the Federal pa
