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 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 Record the amount to be withheld for health insurance Each employee contributes $1 65 each week toward the cost of health insurance 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 Each worker is to be paid by check Assign check numbers commencing with No 313 Foot all money columns of the payroll register, and prove the accuracy of the column totals On a separate sheet of paper 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 Prepare the journal entry to record the payment of the payroll on January 14 when the paychecks are distributed to all workers

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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

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:

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.
Record the amount to be withheld for health insurance. Each employee contributes $1.65 each week toward the cost of health insurance.
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.
Each worker is to be paid by check. Assign check numbers commencing with No. 313.
Foot all money columns of the payroll register, and prove the accuracy of the column totals.
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.