Chapter 6 Template

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Payroll Accounting, 2012 Edition

Check Figures

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
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