This problem continues the process of preparing the Kellie companies employee payroll register for the pay period ending July 8, 20--. in previous chapters gross

This problem continues the process of preparing the Kellie companies employee payroll register for the pay period ending July 8, 20--. in previous chapters gross wages are computed for each employee and using the data, FICA withholding in employer FICA liability was computed. image text in transcribed

Instructions Continuing Payroll Problem, 4A: Chapter 4 This problem continues the process of preparing the Kipley Company's Employee Payroll Register for the pay period ending January 8th, 20-. In previous chapters, gross wages were computed for each employee and using this data, FICA withholding and employer FICA liability was computed. Requirements: 1. Refer to the SIMPLE Pian Contributions and enter each employee's SIMPLE plan deduction 2. Determine and record the federal income taxes for each employee 3. Determine and record the state income taxes for each employee. 4. Determine and record the city income taxes for the city of Pittsburgh. 5. Total each input column. SIMPLE Plan Contributions A SIMPLE IRA is a retirement plan that may be established by employers, including self-employed individuals (sole proprietorships and partnerships). The SIMPLE IRA allows eligible employees to contribute part of their pretax compensation to the plan. This means the tax on the money is deferred until it is distributed KIPLEY COMPANY, INC. SIMPLE Plan Contributions SIMPLE Name Deductions $20 50 40 50 20 Carson, F. Wilson, W. Utley, H. Fire, L Smith, Fav, G. Robey, G. Schork, T. Hardy, B. kipley, C. 40 50 60 30 BO "https://www.investopedia.com/university/retirementplans/simpleira/?adtestarra-layout-bttn-bsin Employee Data Below lists each employee's assigned Time Card No., Filing Status, and Withholding Allowa withhold. Time Card No. Employee Name Filing Status 11 S Fran M. Carson William A. Wilson 12 S 13 21 22 Harry T. Utley Lawrence R. Fife Lucy K. Smith Gretchen R. Fay Glenda B. Robey Thomas K. Schork Barbara T. Hardy Carson C. Kipley MF) MF) S MF) MF) No. of Withholding Allowances N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 31 32 33 S 51 MF) 99 MFJ Click here to access the Wage-Bracket Method Tables KIPLEY COMPANY, INC. Employee Payroll Register For Period Ending January 8, 20-- EARNINGS DEDUCTIONS Name Gross OASDI HI FIT SIT SUTA CIT SIMPLE Ded. Grp. Ins. Carson, F. $700.00 $43.40 $10.15 Wilson, W. 897.04 55.62 13.01 678.75 42.08 9.84 Utley, H. Fife, L. 877.10 54.38 12.72 Smith, L. 790.00 48.98 11.46 EN Foy, G. 539.15 33.43 7.82 623.08 38.63 9.03 Robey, G. Schork, T. 773.08 47.93 11.21 FIT Hardy, B. 666.11 41.30 9.66 Kipley, C. 1,000.00 62.00 14.50 Totals $467.75 $109.40 i Instructions Continuing Payroll Problem, 4A: Chapter 4 This problem continues the process of preparing the Kipley Company's Employee Payroll Register for the pay period ending January 8th, 20-. In previous chapters, gross wages were computed for each employee and using this data, FICA withholding and employer FICA liability was computed. Requirements: 1. Refer to the SIMPLE Pian Contributions and enter each employee's SIMPLE plan deduction 2. Determine and record the federal income taxes for each employee 3. Determine and record the state income taxes for each employee. 4. Determine and record the city income taxes for the city of Pittsburgh. 5. Total each input column. SIMPLE Plan Contributions A SIMPLE IRA is a retirement plan that may be established by employers, including self-employed individuals (sole proprietorships and partnerships). The SIMPLE IRA allows eligible employees to contribute part of their pretax compensation to the plan. This means the tax on the money is deferred until it is distributed KIPLEY COMPANY, INC. SIMPLE Plan Contributions SIMPLE Name Deductions $20 50 40 50 20 Carson, F. Wilson, W. Utley, H. Fire, L Smith, Fav, G. Robey, G. Schork, T. Hardy, B. kipley, C. 40 50 60 30 BO "https://www.investopedia.com/university/retirementplans/simpleira/?adtestarra-layout-bttn-bsin Employee Data Below lists each employee's assigned Time Card No., Filing Status, and Withholding Allowa withhold. Time Card No. Employee Name Filing Status 11 S Fran M. Carson William A. Wilson 12 S 13 21 22 Harry T. Utley Lawrence R. Fife Lucy K. Smith Gretchen R. Fay Glenda B. Robey Thomas K. Schork Barbara T. Hardy Carson C. Kipley MF) MF) S MF) MF) No. of Withholding Allowances N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 31 32 33 S 51 MF) 99 MFJ Click here to access the Wage-Bracket Method Tables KIPLEY COMPANY, INC. Employee Payroll Register For Period Ending January 8, 20-- EARNINGS DEDUCTIONS Name Gross OASDI HI FIT SIT SUTA CIT SIMPLE Ded. Grp. Ins. Carson, F. $700.00 $43.40 $10.15 Wilson, W. 897.04 55.62 13.01 678.75 42.08 9.84 Utley, H. Fife, L. 877.10 54.38 12.72 Smith, L. 790.00 48.98 11.46 EN Foy, G. 539.15 33.43 7.82 623.08 38.63 9.03 Robey, G. Schork, T. 773.08 47.93 11.21 FIT Hardy, B. 666.11 41.30 9.66 Kipley, C. 1,000.00 62.00 14.50 Totals $467.75 $109.40