Payroll Accounting 2016 3-13A LO 5 See pages 3-22 and a-23 Karen Kluster opened Lube and Wash on Janua first quarter of 2016, Kluster, as presidec of the Return. Using nd Wash on January 1, 2016. The business is subject to FICA tax ness is subject to FICA taxes. At the end of the Pges 3-43 and 3.44sQuarterly Federal Tax prepare,sign, and date the return company, must file Form 941, Employer's Quarterhy Form 941(Parts 1 throug on pages 3-43 and 3-44, on the basis of the information shown below. Produced on pages hie Form 941 Employer number address: 234 Oak, Austin, TX 78711-0234 00-0005874 (512) 555-1111 Employer's address: Phone number: is paid semimonthly on fhe 1 Sth Each employec tion for the first quarter of 2016. All pay periods and last day of each month. Shown below is the payroll informa- y periods were the same. PAYROLL INFORMATION FOR JANUARY-MARCH Quarterly OASDI Federal Income Wage Total Employee Paul Purson 000-00- Matt Dirkson 781.20 152 Joan Howard 000-00-3668 12,500.00 775.021 SSN Tax Tax Deductions Net Pay 7233 $12.000.00 744.00 $174.00 $1,260.00 $2,1 000-00-8451 12,600.00 78.00 $ 9,822.00 781 20 182.70 1,200.00 2,163.90 10,436.10 10,463.72 -6527 10.800.006 5.853.5 3668 12,500.00 75.02 181.26 1,080.00 2,036.28 669.60 156.60 1,140.00 1966.20 Dorrie Smith 000-00-6527 10,800.00 8,833.80 $47,900.00 $69456-680.00-44.38-555 62 Totals $2,969.82 Employer's FICA taxes $2969.80 5694.55 HI for the quarter OASDI The total taxes per payday are Employees' FICA Tax-OASDI Employer's FICA Tax-OASDI Employees' FICA Tax-HI Employer's FICA Tax-HI Employees' FIT S 494.97 494.97 115.76 115.76 780.00 Total $2,001.46 x 6 deposits = $12,008.76 for the quarter None of the employees reported tips during the quarter Note: Lines Sa and Sc of Form 941, tax on total taxable wages, are computed by multiplying by the combined tax rate for both employer and employee. Small differences due to rounding may occur berween this total and the tocal taxes withheld from employers each pay period and che amount of the employer's taxes cakculated each pay period. This difference is reported on line 7 as a deduction or an addinion as "Fractions of Cents