Payroll Accounting

You were hired to become the payroll accountant for ABC Company. Below is a payroll register for period ending December 30, 2018 that was paid January 4, 2019. Your assignment is to calculate OASDI, HI tax, FIT, and SIT creating your own payroll register. Then you must calculate FUTA and SUTA (employer taxes). After completing the register, ABC Company asked you to create the payroll accrual journal entry with wages expense and FICA expense to the employer, so they can record the payroll/tax expense in December. You must create a journal entry form. After completion of the journal entry to accrue payroll and tax expense, you are required to complete their 2018 w-2 forms with the below payroll earnings record. Do not include your calculations for December 30^th, 2018 payroll register in your w-2 reporting. W-2 forms are listed below the earnings record. Do not worry about recording addresses in the form. Make sure you click in the correct cell; otherwise you will alter the format by mistake. After completing the w-2 forms, you must answer the questions on the last page of this document. The next step would be to complete the forms 940 and 941 (4^th qtr) using the earnings record information below. Use the company information in the w-2 forms to add to the forms 940 a

nd 941.