Time Card No.	Name	DEDUCTIONS									NET PAID
		OASDI TAX	HI TAX	FIT	SIT	SUTA	CIT	SIMPLE DED.	GROUP INS.	HEALTH INS.	CHECK NO.	AMOUNT
11	Carson, F.	43.40	10.15	49.00	21.49	0.42	21.00	20.00	0.85	1.65	313	530.19
12	Wilson, W.	55.62	13.01	69.00	27.54	0.54	26.91	50.00	0.85	1.65	314	651.92
13	Utley, H.	42.08	9.84	16.00	20.84	0.41	20.36	40.00	0.85	1.65	315	526.72
21	Fife, L.	54.38	12.72	35.00	26.93	0.53	26.31	50.00	0.85	1.65	316	668.73
22	Smith, L.	48.98	11.46	60.00	24.25	0.47	23.70	20.00	0.85	1.65	317	598.64
31	Fay, G.	33.43	7.82	2.00	16.55	0.32	16.17	40.00	0.85	1.65	318	420.36
32	Robey, G.	38.63	9.03	9.00	19.13	0.37	18.69	50.00	0.85	1.65	319	475.73
33	Schork, T.	47.93	11.21	52.00	23.73	0.46	23.19	60.00	0.85	1.65	320	552.06
51	Hardy, B.	41.30	9.66	16.00	20.45	0.46	19.98	30.00	0.85	1.65	321	525.76
99	Kipley, C.	62.00	14.50	45.00	30.70	0.60	30.00	80.00	0.85	1.65	322	734.70
	Totals	467.75	109.40	368.00	231.61	4.58	226.31	440.00	8.50	16.50		5,684.81

in this last phase of your work on the Continuing Payroll Problem A, you will record the amounts withheld for group and health insurance and calculate the net pay for each employee. Refer to the partially completed payroll registers upon which you were working at the end of Chapter 5, and proceed as follows:

1. In the appropriate column of the payroll register, record the amount to be withheld for group life insurance. Each employee contributes 85 each week toward the cost of group insurance coverage, with the exception of Smith and Schork (Kipley Company), who are not yet eligible for coverage under the company plan.

2. Record the amount to be withheld for health insurance. Each employee contributes $1.65 each week toward the cost of health insurance.

3. Record the net pay for each employee. The net pay for each employee is obtained by subtracting the total amount of all deductions from the total earnings.

4. Each worker is to be paid by check. Assign check numbers commencing with No. 313.

5. Foot all money columns of the payroll register, and prove the accuracy of the column totals.

6. On a separate sheet of paper:

   1. 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.

      Use the following tax rates and bases: employers FICAOASDI, 6.2% on the first $142,800; employers FICAHI, 1.45% on total earnings; FUTA, 0.6% on the first $7,000; and SUTA, 3.6890% on the first $10,000.

   2. Prepare the journal entry to record the payment of the payroll on January 14 when the paychecks are distributed to all workers.