Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Payroll Register For this task, each employee's federal, state, and local taxes to be withheld will be determined. When determining the federal taxes to

image text in transcribed

Payroll Register For this task, each employee's federal, state, and local taxes to be withheld will be determined. When determining the federal taxes to be withheld, remember that there are some deductions that are allowed "pretax". These deductions reduce the gross earnings upon which the federal tax to be withheld is determined. Complete the steps outlined below. 1. Refer to the SIMPLE Plan Contributions and enter each employee's SIMPLE plan deduction. 2. Determine and record the federal income taxes for each employee. Refer to each employee's filing status Click the link below to view the Wage-Bracket Method tables 3. Determine and record the state income taxes for each employee using the State of Pennsylvania's rate of 3.07%. 4. Determine and record the city income taxes for the city of Pittsburgh at the rate is 3%. 5. Total each input column. Note: Round your final answers to the cent. Enter all amounts as positive numbers. Click here to access the Wage-Bracket Method Tables. KIPLEY COMPANY, INC. Employee Payroll Register For Period Ending January 8, 20-- EARNINGS DEDUCTIONS NET PAY Name Gross OASDI HI FIT SIT SUTA CIT SIMPLE Ded. Grp. Ins. Health Ins. Ck. No. Amount Carson, F $700.00 $43.40 $10.15 $ 60 X S 21.49 Wilson, W. 897.04 55.62 13.01 91 x Utley, H. 678.75 42.08 9.84 25 X x Fife, L. 877.10 54.38 12.72 28 x x x Smith, L. 790.00 48.98 11.46 61 Fay, G. Robey, G. 539.15 33.43 7.82 3 X x 623.08 38.63 9.03 x Schork, T. 773.08 47.93 11.21 64 x x x Hardy, B. Kipley, C. 666.11 41.30 9.66 1 X x x 1,000.00 62.00 14.50 13 X Totals $467.75 $109.40 $ x

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik

12th edition

77862228, 978-1259283567, 1259283569, 978-0077862220

More Books

Students also viewed these Accounting questions

Question

Find Io in the circuit shown. 12 18 4 12

Answered: 1 week ago