This problem continues the process of preparing the Kipley Company's Employee Payroll Register for the pay period ending January 8th, 20--. In previous chapters, gross wages were computed for each employee and using this data, FICA withholding and employer FICA liability was computed. Requirements: Refer to the SIMPLE Plan Contributions and enter each employee's SIMPLE plan deduction. Determine and record the federal income taxes for each employee. Determine and record the state income taxes for each employee. Determine and record the city income taxes for the city of Pittsburgh. Total each input column. Below lists each employee's assigned Time Card No., Filing Status, and Withholding Allowances. This information is necessary when determining the amount of tax to withhold. Time Card No. Employee Name Filing Status No. of Withholding Allowances 11 Fran M. Carson S N/A 12 William A. Wilson S N/A 13 Harry T. Utley MFJ N/A 21 Lawrence R. Fife MFJ N/A 22 Lucy K. Smith S N/A 31 Gretchen R. Fay MFJ N/A 32 Glenda B. Robey MFJ N/A 33 Thomas K. Schork S N/A 51 Barbara T. Hardy MFJ N/A 99 Carson C. Kipley MFJ N/A
This problem continues the process of preparing the Kipley Company's Employee Payroll Register for the pay period ending January 8th, 20--. In previous chapters, gross wages were computed for each employee and using this data, FICA withholding and employer FICA liability was computed. Requirements: Refer to the SIMPLE Plan Contributions and enter each employee's SIMPLE plan deduction. Determine and record the federal income taxes for each employee. Determine and record the state income taxes for each employee. Determine and record the city income taxes for the city of Pittsburgh. Total each input column. Below lists each employee's assigned Time Card No., Filing Status, and Withholding Allowances. This information is necessary when determining the amount of tax to withhold. Time Card No. Employee Name Filing Status No. of Withholding Allowances 11 Fran M. Carson S N/A 12 William A. Wilson S N/A 13 Harry T. Utley MFJ N/A 21 Lawrence R. Fife MFJ N/A 22 Lucy K. Smith S N/A 31 Gretchen R. Fay MFJ N/A 32 Glenda B. Robey MFJ N/A 33 Thomas K. Schork S N/A 51 Barbara T. Hardy MFJ N/A 99 Carson C. Kipley MFJ N/A
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter9: Current Liabilities And Contingent Obligations
Section: Chapter Questions
Problem 5RE
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This problem continues the process of preparing the Kipley Company's Employee Payroll Register for the pay period ending January 8th, 20--. In previous chapters, gross wages were computed for each employee and using this data, FICA withholding and employer FICA liability was computed.
Requirements:
- Refer to the SIMPLE Plan Contributions and enter each employee's SIMPLE plan deduction.
- Determine and record the federal income taxes for each employee.
- Determine and record the state income taxes for each employee.
- Determine and record the city income taxes for the city of Pittsburgh.
- Total each input column.
Below lists each employee's assigned Time Card No., Filing Status, and Withholding Allowances. This information is necessary when determining the amount of tax to withhold.
Time Card No. |
Employee Name |
Filing Status |
No. of Withholding Allowances |
---|---|---|---|
11 | Fran M. Carson | S | N/A |
12 | William A. Wilson | S | N/A |
13 | Harry T. Utley | MFJ | N/A |
21 | Lawrence R. Fife | MFJ | N/A |
22 | Lucy K. Smith | S | N/A |
31 | Gretchen R. Fay | MFJ | N/A |
32 | Glenda B. Robey | MFJ | N/A |
33 | Thomas K. Schork | S | N/A |
51 | Barbara T. Hardy | MFJ | N/A |
99 | Carson C. Kipley | MFJ | N/A |
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