This is from the 2020 addition to payroll accounting DECEMBER 4 PAYROLL: (As you complete your work, answer the following questions for the December 3 and December 4 payroll.) What is the amount of OASDI withheld for Norman A. Ryan? Please Help
and city nd ournal ITS sit forms November 16 No. 11 Electronically deposit the amount of EICA taxes and federal income taxes for the October payrolls and meleteshe Federal Deposit Information Worksheet (page 749). Since the company is subject to the monthly deposit rule, the deposit is due on the schof the following month. See the deposit requirements explained on a 1-17 to 3.19 November 15 Sunday: therefore, the deposit is to be made on the next business day. Prepare the journal entry to record the deposit of the taxes, and post to the appropriate ledger accounts. No. 12 Since Glo-Brite Paint Company withholds the city of Philadelphia income tax, you must deposit the taxes with the Department of Revenue. The deposit rule that affects Glo-Brite Paint Company states that if the withheld taxes are between $350 and $16,000 per month, the company must deposit the tax monthly by the 15th of the following month. withheld taxes for the October payrolls were $1,212.21. Prepare the journal entry to record the deposit of the taxes, and post to the appropriate ledger accounts. Complete the Philadelphia Emplover's Return of Tax Withheld cou- pon (Monthly Wage Tax), which appears on page 7-51. November 17 No. 13 Prepare an employee's earnings record for Beth Arne Woods, a new employee who began work today, Tuesday. Woods is single and claims one withholding allowance. She is employed as a programmer at a monthly salary of $2,600. Address, 8102 Franklin Court, Philadelphia, PA 19105- 0915. Telephone, 555-1128. Social Security No. 000-00-1587. She is eli- gible for group insurance coverage of $47.000 immediately, although her first deduction for group insurance will not be made until December 18. Department: Office Weekly rate: $600.00 Hourly rate: $15.00 November 18 No. 14 Deposit with the state of Pennsylvania the amount of state income taxes withheld from the November 6 and 13 (Ruth Williams) payrolls and complete the information worksheet. November 20 No. 15 With this pay, the company has decided to offer employees a Savings Incentive Match Plan for Employees (SIMPLE Retirement Plan). Most of the employees opted to wait until the start of the following year to participate. However, the following employees have decided to take part in the plan for the remaining pay periods of the year. James Ferguson $500 contribution per pay period Dewey Mante $250 contribution per pay period $700 contribution per pay period Norman Ryan: $200 contribution per pay period o d Joseph O'Neill: Sed contribuem per p The contributions are to be deducted from the participating employee's nay and are excluded from the employees income for federal income eral income tax purposes. The other payroll taxes still apply. On the payroll registers and the earnings record, use the blank column under "Deduction contributions. Use the term "SIMPLE" as the new heading for tion column (on both the payroll register and employee's earning under "Deductions for these E as the new heading for this deduc- e clerk prepared Time Clerk's Report Nos. 38 and 39 from the ti the employees for these workweeks. In as much as the presid ; sales representatives, and supervisors do not ring in and o Ek, their records are not included in the time clerks report, but st be included in the payroll. ollowing schedule shows the hourly wage rates of the thre s used in preparing the payroll register for the payday on Octo Hourly Rate Employee Bonno, Anthony V. $17.60 Ryan, Norman A. . 18.00 Student ............... 14.00 ry required for each employee is recorded in the payroll reg ll employees are listed in alphabetical order, including your fold-out payroll register forms needed to complete this p ne back of the book (pages PR-2, PR-3, and PR-4). on has been made for the time lost by Williams. Thus, the to -s (80) for which payment was made is recorded in the Regu column of the payroll register. However, a notation of the de in the Time Record column. When posting to Williams's hours is recorded in the Regular Earnings Hours column (r time lost). g the federal income taxes to be withheld, the wage-bracket at the back of the book were used (pages T-5 to T11 - $8 wand. No. 17 Prepare an employee's carmines record for Fall ident's nephew, who began work today. Young withholding allowance. He is training as a fel the city where the home office is located. His begin per month. Address. 7936 Holmes Drive, Philadelp Telephone, 555-2096. Social Security No. for group insurance coverage of $49.000. Department: Sales Weekly rate: $630.00 Hourly rate: $15.75 es record for Paul Winston Young, day. Young is single and claims one as a held sales representative in * beginning salary is $2,730 hiladelphia, PA 19107-6107. Security No. 000-00-6057. Young is eligible December 3 No. 18 Deposit with the state of Pennsylvania the amount of stato withheld from the November 20 payroll using Gene Account No. 25 and complete the information worksheet. ovember 20 payroll using General Ledger balance for a the amount of state income taxes DIT TEST first biweekly pay period of December from 92 December 4 No. 19 Prepare the payroll for the first biweekly pay period of De Time Clerks Report Nos. 46 and 47 and record the paychecks issued all employees. Record this payroll at the top of the third payroll res sheet. Note: Thursday, November 26, is a paid holiday for all workers. Also, record the employer's payroll taxes. Time Lost Time Clerk's Report No. 46 For the Week Ending November 21, 20-- Time Record Time Employee S M T W T F S Bonno, A. V... 8 8 8 8 8 40 hrs. Ford, CL..... 8 8 8 8 8 40 hrs. Russell, VA... 8 8 8 8 8 40 hrs. Ryan, N. A..... 8 8 8 4 8 36 hrs. Student 8 8 8 4 8 36 hrs. Woods, B. A. ... ... 8 8 8 8 32 hrs. "Time lost on account of personal business; deduct 4 hours' pay. 4 hrs. Time Time Clerk's Report No. 47 For the Week Ending November 28, 20. Time Record Employee IS M T W T F S Bonno, A. V. . . . . 8 8 8 8 8 Ford, C.L. 8 8 8 Russell, V. A..... 8 8 8 40 hrs. Ryan, N. A...... 9 10 8 43 hrs. Student... Woods, B.A..... "Double time Time Worked 48 hrs. 40 hrs. Lost PAID HOLIDAY . ..... Oo oo 36 hrs. 40 hrs and city nd ournal ITS sit forms November 16 No. 11 Electronically deposit the amount of EICA taxes and federal income taxes for the October payrolls and meleteshe Federal Deposit Information Worksheet (page 749). Since the company is subject to the monthly deposit rule, the deposit is due on the schof the following month. See the deposit requirements explained on a 1-17 to 3.19 November 15 Sunday: therefore, the deposit is to be made on the next business day. Prepare the journal entry to record the deposit of the taxes, and post to the appropriate ledger accounts. No. 12 Since Glo-Brite Paint Company withholds the city of Philadelphia income tax, you must deposit the taxes with the Department of Revenue. The deposit rule that affects Glo-Brite Paint Company states that if the withheld taxes are between $350 and $16,000 per month, the company must deposit the tax monthly by the 15th of the following month. withheld taxes for the October payrolls were $1,212.21. Prepare the journal entry to record the deposit of the taxes, and post to the appropriate ledger accounts. Complete the Philadelphia Emplover's Return of Tax Withheld cou- pon (Monthly Wage Tax), which appears on page 7-51. November 17 No. 13 Prepare an employee's earnings record for Beth Arne Woods, a new employee who began work today, Tuesday. Woods is single and claims one withholding allowance. She is employed as a programmer at a monthly salary of $2,600. Address, 8102 Franklin Court, Philadelphia, PA 19105- 0915. Telephone, 555-1128. Social Security No. 000-00-1587. She is eli- gible for group insurance coverage of $47.000 immediately, although her first deduction for group insurance will not be made until December 18. Department: Office Weekly rate: $600.00 Hourly rate: $15.00 November 18 No. 14 Deposit with the state of Pennsylvania the amount of state income taxes withheld from the November 6 and 13 (Ruth Williams) payrolls and complete the information worksheet. November 20 No. 15 With this pay, the company has decided to offer employees a Savings Incentive Match Plan for Employees (SIMPLE Retirement Plan). Most of the employees opted to wait until the start of the following year to participate. However, the following employees have decided to take part in the plan for the remaining pay periods of the year. James Ferguson $500 contribution per pay period Dewey Mante $250 contribution per pay period $700 contribution per pay period Norman Ryan: $200 contribution per pay period o d Joseph O'Neill: Sed contribuem per p The contributions are to be deducted from the participating employee's nay and are excluded from the employees income for federal income eral income tax purposes. The other payroll taxes still apply. On the payroll registers and the earnings record, use the blank column under "Deduction contributions. Use the term "SIMPLE" as the new heading for tion column (on both the payroll register and employee's earning under "Deductions for these E as the new heading for this deduc- e clerk prepared Time Clerk's Report Nos. 38 and 39 from the ti the employees for these workweeks. In as much as the presid ; sales representatives, and supervisors do not ring in and o Ek, their records are not included in the time clerks report, but st be included in the payroll. ollowing schedule shows the hourly wage rates of the thre s used in preparing the payroll register for the payday on Octo Hourly Rate Employee Bonno, Anthony V. $17.60 Ryan, Norman A. . 18.00 Student ............... 14.00 ry required for each employee is recorded in the payroll reg ll employees are listed in alphabetical order, including your fold-out payroll register forms needed to complete this p ne back of the book (pages PR-2, PR-3, and PR-4). on has been made for the time lost by Williams. Thus, the to -s (80) for which payment was made is recorded in the Regu column of the payroll register. However, a notation of the de in the Time Record column. When posting to Williams's hours is recorded in the Regular Earnings Hours column (r time lost). g the federal income taxes to be withheld, the wage-bracket at the back of the book were used (pages T-5 to T11 - $8 wand. No. 17 Prepare an employee's carmines record for Fall ident's nephew, who began work today. Young withholding allowance. He is training as a fel the city where the home office is located. His begin per month. Address. 7936 Holmes Drive, Philadelp Telephone, 555-2096. Social Security No. for group insurance coverage of $49.000. Department: Sales Weekly rate: $630.00 Hourly rate: $15.75 es record for Paul Winston Young, day. Young is single and claims one as a held sales representative in * beginning salary is $2,730 hiladelphia, PA 19107-6107. Security No. 000-00-6057. Young is eligible December 3 No. 18 Deposit with the state of Pennsylvania the amount of stato withheld from the November 20 payroll using Gene Account No. 25 and complete the information worksheet. ovember 20 payroll using General Ledger balance for a the amount of state income taxes DIT TEST first biweekly pay period of December from 92 December 4 No. 19 Prepare the payroll for the first biweekly pay period of De Time Clerks Report Nos. 46 and 47 and record the paychecks issued all employees. Record this payroll at the top of the third payroll res sheet. Note: Thursday, November 26, is a paid holiday for all workers. Also, record the employer's payroll taxes. Time Lost Time Clerk's Report No. 46 For the Week Ending November 21, 20-- Time Record Time Employee S M T W T F S Bonno, A. V... 8 8 8 8 8 40 hrs. Ford, CL..... 8 8 8 8 8 40 hrs. Russell, VA... 8 8 8 8 8 40 hrs. Ryan, N. A..... 8 8 8 4 8 36 hrs. Student 8 8 8 4 8 36 hrs. Woods, B. A. ... ... 8 8 8 8 32 hrs. "Time lost on account of personal business; deduct 4 hours' pay. 4 hrs. Time Time Clerk's Report No. 47 For the Week Ending November 28, 20. Time Record Employee IS M T W T F S Bonno, A. V. . . . . 8 8 8 8 8 Ford, C.L. 8 8 8 Russell, V. A..... 8 8 8 40 hrs. Ryan, N. A...... 9 10 8 43 hrs. Student... Woods, B.A..... "Double time Time Worked 48 hrs. 40 hrs. Lost PAID HOLIDAY . ..... Oo oo 36 hrs. 40 hrs
