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thats all i got Continuing Payroll Problem, 6A: Chapter 6 You have almost completed the Kipley Company's Employee Payroll Register for the pay period ending
thats all i got
Continuing Payroll Problem, 6A: Chapter 6 You have almost completed the Kipley Company's Employee Payroll Register for the pay period ending January 8,20 In this last task, the following steps will be completed. Requirements: 1. Record the deduction for group insurance. 2. Record the health insurance deduction. 3. Record the check number assigned to each employee. 4. Compute and record the net pay for each employee. 5. Total the input columns on the Employee Payroll register. 6. On Employer Register, enter total gross earnings. 7. Prepare the Journal entries as of January 12 to record the payroll and the payroll taxes for the week ending January 8 . Credit Salaries Payable for the total net pay. 8. Prepare the journal entry to record the payment of the payroll on January 14 when the paychecks are distributed to all workers. The table below lists the employee contributions to Group Insurance and Health Insurance. Also, a check number has been assigned to each employee. Note that some employees are not yet eligible for Group Insurance coverage under the company plan. Completing the Payroll Register The Employee Payroll Register presents all the computations previously performed as it applies to this payroll period. Complete the following steps (if a field should be blank, leave it blank): 1. Record the amount to be withheld for group insurance. 2. Record the amount to be withheld for health insurance. 3. Each worker is to be paid by check. Assign check numbers provided to the correct employee. 4. Compute the net pay for each employee. 5. Total the input columns. The employer's taxes have been calculated on the Totals row of Taxable Earnings in Chapters 3 and 5 using the following rates: -OASDI at 6.2% on the first $147,000 -HI at 1.45% on total earnings -FUTA at 0.6% on the first $7,000 -SUTA at 3.6890% on the first $10,000 Enter the Employer's total payroll taxes for the pay period ending January 8,20. Journal Entry: Recording Payroll Complete the following: Prepare the journal entries as of January 12 to record the payroll and the payroll taxes for the week ending January 8 . Credit Salaries Payable for the total net pay. To record payroll. 20-- Jan. 12 Payroll Taxes Expense FICA Taxes Payable-OASDI FICA Taxes Payable-HI FUTA Taxes Payable SUTA Taxes Payable Journal Entry: Payroll Distribution Complete the following: Prepare the journal entry to record the payment of the payroll on January 14 when the paychecks are distributed to all workers. Continuing Payroll Problem, 6A: Chapter 6 You have almost completed the Kipley Company's Employee Payroll Register for the pay period ending January 8,20 In this last task, the following steps will be completed. Requirements: 1. Record the deduction for group insurance. 2. Record the health insurance deduction. 3. Record the check number assigned to each employee. 4. Compute and record the net pay for each employee. 5. Total the input columns on the Employee Payroll register. 6. On Employer Register, enter total gross earnings. 7. Prepare the Journal entries as of January 12 to record the payroll and the payroll taxes for the week ending January 8 . Credit Salaries Payable for the total net pay. 8. Prepare the journal entry to record the payment of the payroll on January 14 when the paychecks are distributed to all workers. The table below lists the employee contributions to Group Insurance and Health Insurance. Also, a check number has been assigned to each employee. Note that some employees are not yet eligible for Group Insurance coverage under the company plan. Completing the Payroll Register The Employee Payroll Register presents all the computations previously performed as it applies to this payroll period. Complete the following steps (if a field should be blank, leave it blank): 1. Record the amount to be withheld for group insurance. 2. Record the amount to be withheld for health insurance. 3. Each worker is to be paid by check. Assign check numbers provided to the correct employee. 4. Compute the net pay for each employee. 5. Total the input columns. The employer's taxes have been calculated on the Totals row of Taxable Earnings in Chapters 3 and 5 using the following rates: -OASDI at 6.2% on the first $147,000 -HI at 1.45% on total earnings -FUTA at 0.6% on the first $7,000 -SUTA at 3.6890% on the first $10,000 Enter the Employer's total payroll taxes for the pay period ending January 8,20. Journal Entry: Recording Payroll Complete the following: Prepare the journal entries as of January 12 to record the payroll and the payroll taxes for the week ending January 8 . Credit Salaries Payable for the total net pay. To record payroll. 20-- Jan. 12 Payroll Taxes Expense FICA Taxes Payable-OASDI FICA Taxes Payable-HI FUTA Taxes Payable SUTA Taxes Payable Journal Entry: Payroll Distribution Complete the following: Prepare the journal entry to record the payment of the payroll on January 14 when the paychecks are distributed to all workers Step by Step Solution
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