Completing the Payroll Register The Employee Payroll Register presents all the computations previously performed as it applies to this payroll period. Complete the following steps (if a field should be blank, leave it blank): Record the amount to be withheld for group insurance. Record the amount to be withheld for health insurance. Each worker is to be paid by check. Assign check numbers provided to the correct employee. Compute the net pay for each employee. Total the input columns. KIPLEY COMPANY, INC. Payroll Register For Period Ending January 8, 20-- EARNINGS DEDUCTIONS NET PAY Name Gross OASDI HI FIT SIT SUTA CIT SIMPLE Grp. Ins. Health Ins. Ck. No. Amount Carson, F. $700.00 $43.40 $10.15 $48.00 $21.49 $0.42 $21.00 $20.00 Wilson, W. 897.04 55.62 13.01 68.00 27.54 0.54 26.91 50.00 Utley, H. 678.75 42.08 9.84 14.00 20.84 0.41 20.36 40.00 Fife, L. 877.10 54.38 12.72 33.00 26.93 0.53 26.31 50.00 Smith, L. 790.00 48.98 11.46 59.00 24.25 0.47 23.70 20.00 Fay, G. 539.15 33.43 7.82 0.00 16.55 0.32 16.17 40.00 Robey, G. 623.08 38.63 9.03 7.00 19.13 0.37 18.69 50.00 Schork, T. 773.08 47.93 11.21 51.00 23.73 0.46 23.19 60.00 Hardy, B. 666.11 41.30 9.66 14.00 20.45 0.40 19.98 30.00 Kipley, C 1,000.00 62.00 14.50 43.00 30.70 0.60 30.00 80.00 Totals $467.75 $109.40 $337.00 $231.61 $4.52 $226.31 $440.00 Taxable Earnings The employer's taxes have been calculated on the Totals row of Taxable Earnings in Chapters 3 and 5 using the following rates: —OASDI at 6.2% on the first $147,000 —HI at 1.45% on total earnings —FUTA at 0.6% on the first $7,000 —SUTA at 3.6890% on the first $10,000 Enter the Employer's total payroll taxes for the pay period ending January 8, 20--. KIPLEY COMPANY, INC. Taxable Earnings Payroll Taxes Taxable Earnings Payroll Taxes OASDI HI FUTA SUTA Totals $7,544.31 $467.75 $109.39 $45.27 $278.31 Employee Benefits The table below lists the employee contributions to Group Insurance and Health Insurance. Also, a check number has been assigned to each employee. Note that some employees are not yet eligible for Group Insurance coverage under the company plan. Employee Benefits The table below lists the employee contributions to Group Insurance and Health Insurance. Also, a check number has been assigned to each employee. Note that some employees are not yet eligible for Group Insurance coverage under the company plan. KIPLEY COMPANY, INC. Insurance Deduction Register Name GRP. INS. HEALTH INS. CK. NO. Carson, F. $0.85 $1.65 313 Wilson, W. 0.85 1.65 314 Utley, H. 0.85 1.65 315 Fife, L. 0.85 1.65 316 Smith, L. 1.65 317 Fay, G. 0.85 1.65 318 Robey, G. 0.85 1.65 319 Schork, T. 1.65 320 Hardy, B. 0.85 1.65 321 Kipley, C. 0.85 1.65 322 The employer's taxes have been calculated on the Totals row of Taxable Earnings in Chapters 3 and 5 using the following rates: —OASDI at 6.2% on the first $147,000 —HI at 1.45% on total earnings —FUTA at 0.6% on the first $7,000 —SUTA at 3.6890% on the first $10,000 Enter the Employer's total payroll taxes for the pay period ending January 8, 20--. KIPLEY COMPANY, INC. Taxable Earnings Payroll Taxes Taxable Earnings Payroll Taxes OASDI HI FUTA SUTA Totals $7,544.31 $467.75 $109.39 $45.27 $278.31 Journal Entry: Recording Payroll Question Content Area Journal Entry: Recording Payroll Complete the following: 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. Date Account Debit Credit 20-- Jan. 12 To record payroll. 20-- Jan. 12 To record payroll taxes. Complete the following: Prepare the journal entry to record the payment of the payroll on January 14 when the paychecks are distributed to all workers. Date Account Debit Credit 20-- Jan. 14

Completing the Payroll Register The Employee Payroll Register presents all the computations previously performed as it applies to this payroll period. Complete the following steps (if a field should be blank, leave it blank): Record the amount to be withheld for group insurance. Record the amount to be withheld for health insurance. Each worker is to be paid by check. Assign check numbers provided to the correct employee. Compute the net pay for each employee. Total the input columns. KIPLEY COMPANY, INC. Payroll Register For Period Ending January 8, 20-- EARNINGS DEDUCTIONS NET PAY Name Gross OASDI HI FIT SIT SUTA CIT SIMPLE Grp. Ins. Health Ins. Ck. No. Amount Carson, F. $700.00 $43.40 $10.15 $48.00 $21.49 $0.42 $21.00 $20.00 Wilson, W. 897.04 55.62 13.01 68.00 27.54 0.54 26.91 50.00 Utley, H. 678.75 42.08 9.84 14.00 20.84 0.41 20.36 40.00 Fife, L. 877.10 54.38 12.72 33.00 26.93 0.53 26.31 50.00 Smith, L. 790.00 48.98 11.46 59.00 24.25 0.47 23.70 20.00 Fay, G. 539.15 33.43 7.82 0.00 16.55 0.32 16.17 40.00 Robey, G. 623.08 38.63 9.03 7.00 19.13 0.37 18.69 50.00 Schork, T. 773.08 47.93 11.21 51.00 23.73 0.46 23.19 60.00 Hardy, B. 666.11 41.30 9.66 14.00 20.45 0.40 19.98 30.00 Kipley, C 1,000.00 62.00 14.50 43.00 30.70 0.60 30.00 80.00 Totals $467.75 $109.40 $337.00 $231.61 $4.52 $226.31 $440.00 Taxable Earnings The employer's taxes have been calculated on the Totals row of Taxable Earnings in Chapters 3 and 5 using the following rates: —OASDI at 6.2% on the first $147,000 —HI at 1.45% on total earnings —FUTA at 0.6% on the first $7,000 —SUTA at 3.6890% on the first $10,000 Enter the Employer's total payroll taxes for the pay period ending January 8, 20--. KIPLEY COMPANY, INC. Taxable Earnings Payroll Taxes Taxable Earnings Payroll Taxes OASDI HI FUTA SUTA Totals $7,544.31 $467.75 $109.39 $45.27 $278.31 Employee Benefits The table below lists the employee contributions to Group Insurance and Health Insurance. Also, a check number has been assigned to each employee. Note that some employees are not yet eligible for Group Insurance coverage under the company plan. Employee Benefits The table below lists the employee contributions to Group Insurance and Health Insurance. Also, a check number has been assigned to each employee. Note that some employees are not yet eligible for Group Insurance coverage under the company plan. KIPLEY COMPANY, INC. Insurance Deduction Register Name GRP. INS. HEALTH INS. CK. NO. Carson, F. $0.85 $1.65 313 Wilson, W. 0.85 1.65 314 Utley, H. 0.85 1.65 315 Fife, L. 0.85 1.65 316 Smith, L. 1.65 317 Fay, G. 0.85 1.65 318 Robey, G. 0.85 1.65 319 Schork, T. 1.65 320 Hardy, B. 0.85 1.65 321 Kipley, C. 0.85 1.65 322 The employer's taxes have been calculated on the Totals row of Taxable Earnings in Chapters 3 and 5 using the following rates: —OASDI at 6.2% on the first $147,000 —HI at 1.45% on total earnings —FUTA at 0.6% on the first $7,000 —SUTA at 3.6890% on the first $10,000 Enter the Employer's total payroll taxes for the pay period ending January 8, 20--. KIPLEY COMPANY, INC. Taxable Earnings Payroll Taxes Taxable Earnings Payroll Taxes OASDI HI FUTA SUTA Totals $7,544.31 $467.75 $109.39 $45.27 $278.31 Journal Entry: Recording Payroll Question Content Area Journal Entry: Recording Payroll Complete the following: 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. Date Account Debit Credit 20-- Jan. 12 To record payroll. 20-- Jan. 12 To record payroll taxes. Complete the following: Prepare the journal entry to record the payment of the payroll on January 14 when the paychecks are distributed to all workers. Date Account Debit Credit 20-- Jan. 14

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter7: Payroll

Section: Chapter Questions

Problem 4.5C

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Completing the Payroll Register

The Employee Payroll Register presents all the computations previously performed as it applies to this payroll period.

Complete the following steps (if a field should be blank, leave it blank):

Record the amount to be withheld for group insurance.
Record the amount to be withheld for health insurance.
Each worker is to be paid by check. Assign check numbers provided to the correct employee.
Compute the net pay for each employee.
Total the input columns.

Name	Gross	OASDI	HI	FIT	SIT	SUTA	CIT	SIMPLE
KIPLEY COMPANY, INC. Payroll Register For Period Ending January 8, 20--
	EARNINGS	DEDUCTIONS	NET PAY
Carson, F.	$700.00	$43.40	$10.15	$48.00	$21.49	$0.42	$21.00	$20.00
Wilson, W.	897.04	55.62	13.01	68.00	27.54	0.54	26.91	50.00
Utley, H.	678.75	42.08	9.84	14.00	20.84	0.41	20.36	40.00
Fife, L.	877.10	54.38	12.72	33.00	26.93	0.53	26.31	50.00
Smith, L.	790.00	48.98	11.46	59.00	24.25	0.47	23.70	20.00
Fay, G.	539.15	33.43	7.82	0.00	16.55	0.32	16.17	40.00
Robey, G.	623.08	38.63	9.03	7.00	19.13	0.37	18.69	50.00
Schork, T.	773.08	47.93	11.21	51.00	23.73	0.46	23.19	60.00
Hardy, B.	666.11	41.30	9.66	14.00	20.45	0.40	19.98	30.00
Kipley, C	1,000.00	62.00	14.50	43.00	30.70	0.60	30.00	80.00

Totals		$467.75	$109.40	$337.00	$231.61	$4.52	$226.31	$440.00

Taxable Earnings

The employer's taxes have been calculated on the Totals row of Taxable Earnings in Chapters 3 and 5 using the following rates:

—OASDI at 6.2% on the first $147,000

—HI at 1.45% on total earnings

—FUTA at 0.6% on the first $7,000

—SUTA at 3.6890% on the first $10,000

Enter the Employer's total payroll taxes for the pay period ending January 8, 20--.

	Taxable Earnings	OASDI	HI	FUTA	SUTA
KIPLEY COMPANY, INC. Taxable Earnings Payroll Taxes

Totals	$7,544.31	$467.75	$109.39	$45.27	$278.31

Employee Benefits

The table below lists the employee contributions to Group Insurance and Health Insurance. Also, a check number has been assigned to each employee. Note that some employees are not yet eligible for Group Insurance coverage under the company plan.

Employee Benefits

KIPLEY COMPANY, INC. Insurance Deduction Register
Name	GRP. INS.	HEALTH INS.	CK. NO.
Carson, F.	$0.85	$1.65	313
Wilson, W.	0.85	1.65	314
Utley, H.	0.85	1.65	315
Fife, L.	0.85	1.65	316
Smith, L.		1.65	317
Fay, G.	0.85	1.65	318
Robey, G.	0.85	1.65	319
Schork, T.		1.65	320
Hardy, B.	0.85	1.65	321
Kipley, C.	0.85	1.65	322

The employer's taxes have been calculated on the Totals row of Taxable Earnings in Chapters 3 and 5 using the following rates:

—OASDI at 6.2% on the first $147,000

—HI at 1.45% on total earnings

—FUTA at 0.6% on the first $7,000

—SUTA at 3.6890% on the first $10,000

Enter the Employer's total payroll taxes for the pay period ending January 8, 20--.

	Taxable Earnings	OASDI	HI	FUTA	SUTA
KIPLEY COMPANY, INC. Taxable Earnings Payroll Taxes

Totals	$7,544.31	$467.75	$109.39	$45.27	$278.31

Journal Entry: Recording Payroll

Question Content Area

Journal Entry: Recording Payroll

Complete the following:

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.

Date	Account	Debit	Credit
20-- Jan. 12










	To record payroll.

20-- Jan. 12




	To record payroll taxes.

Complete the following:

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

Date	Account	Debit	Credit
20-- Jan. 14

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