# Chapter 6 Template

Topics: Taxation, Tax, Income tax Pages: 2 (378 words) Published: October 25, 2012
Payroll Accounting, 2012 Edition

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Chapter 2 Problems
2–1a. (c) \$228.29
2–3a. gross earnings, \$1,618.60
2–5a. overtime pay, \$11.52
2–7a. (b) total earnings, \$747.40
2–9a. (e) total earnings, \$850.50
2–11a. (e) total weekly earnings, \$385.53
2–13a. (c) total earnings, \$825.35
2–15a. (c) total earnings, \$1,474.28
2–17a. (b) total earnings, \$1,137.52
2–19a. (c) total earnings, \$482.25
2–21a. (d) total weekly earnings, \$398.96

Chapter 3 Problems
3–1a. total employees’ FICA taxes, \$300.45; \$70.28
3–3a. (a) FICA taxes, \$56.73; \$13.27
3–5a. November 15 (Hanks), FICA taxes, \$130.20; \$78.30
3–7a. employees’ taxes, \$263.50; \$61.65
3–9a. total employees’ FICA taxes, \$2,526.49; \$602.18
3–11a. total taxes—line 10, \$21,771.83
3–13a. total taxes—line 10, \$8,333.58
3–15a. last due date, April 4
3–17a. total OASDI taxes, \$5,568.22

Chapter 4 Problems
4–1a. net pay, \$49.27
4–3a. Corn tax, \$65.71; \$66.00
4–5a. total FIT, \$543.59
4–7a. net pay, \$643.85
4–9a. net pay, \$60,626.50
4–11a. (c) take-home pay, \$487.26
4–13a. Form W-3, box 2, Federal Income Tax Withheld \$10,088.00

Chapter 5 Problems
5–1a. (c) total unemployment taxes, \$6,910.40
5–3a. (b) net SUTA tax, \$3,104.30
5–5a. (b) Net FUTA, \$704.80
5–7a. (b) \$159.60
5–9a. (b) \$1,416.00
5–11a. (c) \$855.00
5–13a. (a) voluntary ¼ \$1,190.00
5–15a. (b) tax rate ¼ 5.5%
5–17a. Form 940, line 8, ¼ \$632.80

Chapter 6 Problems
6–1a. federal tax levy, \$583.46
6–3a. (a) payroll tax debit, \$650.25
6–5a. (a) cash credit, \$50,748.80
6–7a. cash credit, \$862.21
6–9a. cash credit, \$13,441.03
6–11a. wages debit, \$13,060.00
6–13a. (a) July w/h, \$286.16
6–15a. (2) total payroll taxes, \$274.28

Chapter 7 Problems
Net pay, October 23, \$11,131.63
Net pay, November 6, \$10,897.23