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A business may decide to pay employee salaries every week, every two weeks, .... July 15, 20 – –. July 15, 20 – –. Best, Allen P. Edwards, Tammy S. Totals. M S.

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Study Guide 12

Perfect Score

Name Identifying Accounting Terms Analyzing Payroll Procedures Identifying Accounting Practices Total

12 5 19 36

Your Score

Pts. Pts. Pts. Pts.

Part One—Identifying Accounting Terms Directions: Select the one term in Column I that best fits each definition in Column II. Print the letter identifying your choice in the Answers column.

Column I

Answers 1. H

Column II

A. employee earnings record

1. The money paid for employee services. (p. 340)

B. Medicare tax

2. The period covered by a salary payment. (p. 340)

2.

D

C. net pay

3. The total amount earned by all employees for a pay period. (p. 340)

3.

E

D. pay period

4. The total pay due for a pay period before deductions. (p. 343)

4.

K

E. payroll

5. Taxes based on the payroll of a business. (p. 345)

5.

G

F. payroll register

6. A deduction from total earnings for each person legally supported by a taxpayer, including the employee. (p. 346)

6.

L

G. payroll taxes

7. A federal tax paid for old-age, survivors, and disability insurance. (p. 349)

7.

I

H. salary

8. A federal tax paid for hospital insurance. (p. 349)

8.

B

9. The maximum amount of earnings on which a tax is calculated. (p. 349)

9.

J

10. A business form used to record payroll information. (p. 351)

10.

F

K. total earnings

11. The total earnings paid to an employee after payroll taxes and other deductions. (p. 352)

11.

C

L. withholding allowance

12. A business form used to record details affecting payments made to an employee. (p. 353)

12.

A

I.

social security tax

J.

tax base

COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING

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Part Two—Analyzing Payroll Procedures Directions: For each of the following items, select the choice that best completes the statement. Print the letter of your choice in the Answers column.

1. How many hours were worked by an employee who arrived at 8:10 a.m. and departed at 12:10 p.m.? (A) 4 hours (B) 5 hours (C) 4 hours and 10 minutes (D) none of these. (p. 342)

Answers 1. A

2. How many hours were worked by an employee who arrived at 7:05 a.m. and departed at 6:05 p.m. with one hour off for lunch? (A) 11 hours (B) 10 hours (C) 12 hours (D) none of these. (p. 342)

2.

B

3. Employee regular earnings are calculated as (A) regular hours times regular rate (B) total hours divided by regular rate (C) total hours plus overtime rate (D) overtime hours minus overtime rate. (p. 343)

3.

A

4. Social security tax is calculated on (A) total earnings and marital status (B) number of withholding allowances (C) total earnings and number of withholding allowances (D) employee earnings up to a maximum paid in a calendar year. (p. 349)

4.

D

5. A separate payroll checking account is used primarily to (A) simplify the payroll accounting system (B) help reduce the cost of preparing a payroll (C) provide additional protection and control payroll payments (D) eliminate employer earnings records. (p. 356)

5.

C

306 • Working Papers TE

CENTURY 21 ACCOUNTING, 9TH EDITION

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Name

Date

Class

Part Three—Identifying Accounting Practices Directions: Place a T for True or an F for False in the Answers column to show whether each of the following statements is true or false.

Answers 1. T

1. A business may decide to pay employee salaries every week, every two weeks, twice a month, or once a month. (p. 340) 2. Payroll time cards can be used as the basic source of information to prepare a payroll. (p. 341)

2.

T

3. Total earnings are sometimes referred to as net pay or net earnings. (p. 343)

3.

F

4. Employee total earnings are calculated as regular hours  regular rate, plus overtime hours  overtime rate. (p. 343)

4.

T

5. Payroll taxes withheld represent a liability for an employer until payment is made to the government. (p. 345)

5.

T

6. Employers in many states are required to withhold state, city, or county income tax from employee earnings. (p. 345)

6.

T

7. Employers are required to have a current Form W-4, Employee’s Withholding Allowance Certificate, for all employees. (p. 346)

7.

T

8. The amount of income tax withheld from each employee’s total earnings is determined from the number of withholding allowances and by the employee’s marital status. (p. 346)

8.

T

9. A single person will have less income tax withheld than a married employee. (p. 346)

9.

F

10. The larger the number of withholding allowances claimed, the larger the amount of income tax withheld. (p. 346)

10.

F

11. An employee can be exempt from having federal income tax withheld under certain conditions. (p. 346)

11.

T

12. Social security tax is paid by the employer only. (p. 349)

12.

F

13. An act of Congress can change the social security tax base and tax rate at any time. (p. 349)

13.

T

14. When an employee’s earnings exceed the tax base, no more social security tax is deducted. (p. 349)

14.

T

15. All deductions from employee wages are recorded in a payroll register. (p. 351)

15.

T

16. The columns of the employee earnings record consist of the amount columns in a payroll register and an accumulated earnings column. (p. 353)

16.

T

17. A new earnings record is prepared for each employee each year. (p. 353)

17.

F

18. A check for the total net pay is written and deposited in the payroll checking account. (p. 356)

18.

T

19. When EFT is used, the employee does not receive an individual check. (p. 357)

19.

T

COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING

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Name

Date

12-1

Class

WORK TOGETHER, p. 344

Calculating total earnings Hours Worked

Employee Number

Regular

1

Earnings

Overtime

Regular Rate

Regular

Overtime

Total Earnings

40

5

$ 9.00

$360.00

$67.50

$427.50

2

40

3

12.50

500.00

56.25

556.25

3

30

0

9.75

292.50

-0-

292.50

4

40

2

11.00

440.00

33.00

473.00

12-1

ON YOUR OWN, p. 344

Calculating total earnings Hours Worked

Employee Number

Regular

Overtime

1

40

2

Earnings

Regular Rate

Regular

Overtime

Total Earnings

3

$ 8.80

$352.00

$39.60

$391.60

30

0

9.00

270.00

-0-

270.00

3

40

3

10.70

428.00

$48.15

476.15

4

40

4

12.00

480.00

$72.00

552.00

Chapter 12

Preparing Payroll Records • 309

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Page 310

WORK TOGETHER, p. 350

Determining payroll tax withholding Employee No.

Name

Number of Marital Withholding Status Allowances

Total Earnings

Federal Medicare Social Security Tax Income Tax Tax Withholding Withholding Withholding

3

Bates, Eric C.

M

2

$1,090.00

$50.00

$67.58

$15.81

4

Cohen, Jason K.

S

1

840.00

77.00

52.08

12.18

1

Grimes, Christi L.

M

3

1,020.00

31.00

63.24

14.79

6

Key, Sharon C.

S

2

980.00

79.00

60.76

14.21

12-2

ON YOUR OWN, p. 350

Determining payroll tax withholding Employee No.

Name

Number of Marital Withholding Status Allowances

Total Earnings

Federal Medicare Social Security Tax Income Tax Tax Withholding Withholding Withholding

2

Burdine, Ralph C.

S

2

$ 875.00

$61.00

$54.25

$12.69

5

Gibson, Jane L.

M

3

1,080.00

37.00

$66.96

15.66

7

Monroy, Tom E.

S

1

1,200.00

131.00

$74.40

17.40

9

Tiffin, Andrea P.

M

0

1,030.00

75.00

$63.86

14.94

310 • Working Papers TE

COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING

1 9 6 0 00

9 2 0 00

1

Chapter 12

1 0 4 0 00

TOTAL

3 9 00 1 0 7 9 00

OVERTIME

4

FIRST

Judy

4 8 00

FEDERAL INCOME TAX

SOCIAL SECURITY NO. 3

OTHER DEDUCTIONS: B—U.S. SAVINGS BONDS; UW—UNITED WAY

QUARTERLY TOTALS

7/15

1

REGULAR

2 EARNINGS

PER HR.

2 9 74

1 2 7 15

6 6 90

SOC. SEC. TAX

5

6

1 5 65

7

6 0 00 B

8

1 5 00

OTHER

POSITION

MARITAL STATUS

HEALTH INSURANCE

DEDUCTIONS MEDICARE TAX

543-69-0123

MIDDLE INITIAL

3 0 00

1 5 00

1 5 00

M

22

3

2

13 5 2 0 00

ACCUMULATED EARNINGS

2

11

7 2 7 41 187

1

8 7 3 45 14 5 9 9 00

NET PAY

10

Sales Clerk

2 0 5 55

TOTAL

9

WITHHOLDING ALLOWANCES

CHECK NO.

8 7 3 45 186

NET PAY

10

July 15, 20 – –

4 4 9 89 1 6 0 0 86

2 4 4 34

2 0 5 55

TOTAL

DATE OF PAYMENT 9

September 30, 20 – –

1 2 0 00 B

6 0 00 B

6 0 00 B

OTHER

8

Page 311

7

ENDED

1

$13.00

1 4 3 00

9 0 75 2 0 5 0 75

1 4 09

1 5 65

7

HEALTH INSURANCE

DEDUCTIONS MEDICARE TAX

6

6 0 25

6 6 90

SOC. SEC. TAX

5

EARNINGS RECORD FOR QUARTER ENDED

9 5 00

9 7 1 75

5 1 75

4 8 00

FEDERAL INCOME TAX

4

Date

NO.

PAY PERIOD

RATE OF PAY

Hensley LAST NAME

TOTAL

3 9 00 1 0 7 9 00

OVERTIME

3

Name

EMPLOYEE NO.

5

OTHER DEDUCTIONS: B—U.S. SAVINGS BONDS; UW—UNITED WAY

3.

22

Totals

S

9 McCune, Mike

2

1 0 4 0 00

2

REGULAR

EARNINGS

2

5:21 AM

3

M

5 Hensley, Judy

MARI- NO. OF TAL ALLOWSTATUS ANCES

1

EMPLOYEE’S NAME

1

PAYROLL REGISTER

11/1/07

EMPL. NO.

July 15, 20 – –

12-3

SEMIMONTHLY PERIOD ENDED

1., 2.

Preparing payroll records

BTE_Ch12-309-322.qxd

SECOND REVISED

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WORK TOGETHER, p. 355

Preparing Payroll Records • 311

312 • Working Papers TE

Best

1 1 0 0 00

2

OVERTIME

EARNINGS

PER HR.

LAST NAME

1 1 0 0 00

TOTAL

4

FIRST

Allen

2 6 00

FEDERAL INCOME TAX

SOCIAL SECURITY NO. 3

OTHER DEDUCTIONS: B—U.S. SAVINGS BONDS; UW—UNITED WAY

QUARTERLY TOTALS

7/15

1

REGULAR

1

$12.25

4

6 8 20

SOC. SEC. TAX

5

1 5 95

7

6 0 00 B

8

4 0 00

M

22

3

2

2 8 6 9 2 00

ACCUMULATED EARNINGS

4

11

7 4 9 58 326

1

9 1 9 85 2 9 7 9 2 00

NET PAY

10

Sales Clerk

1 8 0 15

TOTAL

9

WITHHOLDING ALLOWANCES

CHECK NO.

9 1 9 85 325

NET PAY

10

July 15, 20 – –

4 4 9 07 1 6 6 9 43

2 6 8 92

1 8 0 15

September 30, 20 --

1 0 00

OTHER

POSITION

MARITAL STATUS

HEALTH INSURANCE

DEDUCTIONS MEDICARE TAX

6

301-69-1427

P. MIDDLE INITIAL

1 2 0 00

1 0 00 2 0 00

1 0 00

TOTAL

DATE OF PAYMENT 9

Page 312

7

ENDED

NO.

PAY PERIOD

RATE OF PAY

EMPLOYEE NO.

OTHER DEDUCTIONS: B—U.S. SAVINGS BONDS; UW—UNITED WAY

3.

22

3 0 72

1 3 1 35

60

B 00 UW

6 0 00 B

OTHER

8

5:21 AM

EARNINGS RECORD FOR QUARTER ENDED

1 2 7 00

9 4 50 2 1 1 8 50

2 0 2 4 00

Totals

1 4 77

1 5 95

7

HEALTH INSURANCE

DEDUCTIONS MEDICARE TAX

6

6 3 15

6 8 20

SOC. SEC. TAX

5

11/1/07

3

1 0 1 00

9 4 50 1 0 1 8 50

9 2 4 00

1

8 Edwards, Tammy S. S

2 6 00

2

1 1 0 0 00

FEDERAL INCOME TAX

1 1 0 0 00

TOTAL

4

4

OVERTIME

3

M

REGULAR

EARNINGS

2

4 Best, Allen P.

EMPLOYEE’S NAME

1

PAYROLL REGISTER

1

EMPL. NO.

MARI- NO. OF TAL ALLOWSTATUS ANCES

July 15, 20 – –

12-3

SEMIMONTHLY PERIOD ENDED

1., 2.

Preparing payroll records

BTE_Ch12-309-322.qxd

SECOND REVISED

ON YOUR OWN, p. 355

COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING

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Name

12-4 2

Date

Class

WORK TOGETHER, p. 358

Preparing payroll checks 1., 2. NO. 599

GENERAL ACCOUNT

7/15 20 – – $ 1,600.86 To: Payroll Account 0639583 For: Payroll for July 1-15 Date:

16,542 00 1,600 86 14,941 14

AMT. THIS CHECK BAL. CAR’D. FOR’D

66-877 530

July 15,

Payroll Account 0639583 One thousand six hundred and 86/100

PAY TO THE ORDER OF

AMT. DEPOSITED TOTAL

599

ANTIQUE SHOP

16,542 00

BAL. BRO’T. FOR’D

NO.

$

–– 1,600.86 20

DOLLARS

For Classroom Use Only

Peoples Bank and Trust

Student’s Name

Charlotte, NC 28206-8444

053008774 0639580 599

CHECK NO. 186 PERIOD ENDING EARNINGS REG. O.T. DEDUCTIONS INC. TAX SOC. SEC. TAX MED. TAX HEALTH INS. OTHER NET PAY

7 15 20 – – $ 1,079 00 $ 1,040 .00 $ 39 .00 $ 205 55 $ 48 .00 $ 66 .90 $ 15 .65 $ 60 .00 $ B 15 .00 $ 873 45

PAYROLL ACCOUNT

July 15,

20

66-877 530

––

Judy Hensley Eight hundred seventy-three and 45/100

PAY TO THE ORDER OF

NO. $

186

873.45 DOLLARS

For Classroom Use Only

ANTIQUE SHOP

Peoples Bank and Trust

Student’s Name

Charlotte, NC 28206-8444

053008774 0639583 186

CHECK NO. 187 PERIOD ENDING EARNINGS REG. O.T. DEDUCTIONS INC. TAX SOC. SEC. TAX MED. TAX HEALTH INS. OTHER NET PAY

7 15 20 – – $ 971 75 $ 920 .00 $ 51 .75 $ 244 34 $ 95 .00 $ 60 .25 $ 14 .09 $ 60 .00 $ B 15 .00 $ 727 41

PAYROLL ACCOUNT

July 15,

20

Mike McCune Seven hundred twenty-seven and 41/100

PAY TO THE ORDER OF

66-877 530

––

NO. $

187

727.41 DOLLARS

For Classroom Use Only

ANTIQUE SHOP

Peoples Bank and Trust

Student’s Name

Charlotte, NC 28206-8444

053008774 0639583 187 Chapter 12

Preparing Payroll Records • 313

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ON YOUR OWN, p. 358

Preparing payroll checks 1., 2. NO. 824

GENERAL ACCOUNT

7/15 20 – – $ 1,669.43 To: Payroll Account 146-7219-6 For: Payroll for July 1-15 Date:

NO.

824

66-877 530

July 15,

PROSSER COMPANY

Payroll Account 146-7219-6 One thousand six hundred sixty-nine and 43/100

PAY TO THE ORDER OF

12,421 90

BAL. BRO’T. FOR’D AMT. DEPOSITED

12,421 90 1,669 43 10,752 47

TOTAL AMT. THIS CHECK BAL. CAR’D. FOR’D

$

–– 1,669.43 20

DOLLARS

For Classroom Use Only

Peoples Bank and Trust

Student’s Name

Charlotte, NC 28206-8444

053008774 196223642 824

CHECK NO. 325 PERIOD ENDING EARNINGS REG. O.T. DEDUCTIONS INC. TAX SOC. SEC. TAX MED. TAX HEALTH INS. OTHER NET PAY

7 15 20 – – $ 1,100 00 $ 1,100 .00 $ — $ 180 15 $ 26 .00 $ 68 .20 $ 15 .95 $ 60 .00 $ B 10 .00 $ 919 85

PAYROLL ACCOUNT

July 15,

20

66-877 530

––

Allen P. Best Nine hundred nineteen and 85/100

PAY TO THE ORDER OF

NO. $

325

919.85 DOLLARS

For Classroom Use Only

THE SIGN SHOP

Peoples Bank and Trust

Student’s Name

Charlotte, NC 28206-8444

053008774 14672196 325

CHECK NO. 326 PERIOD ENDING EARNINGS REG. O.T. DEDUCTIONS INC. TAX SOC. SEC. TAX MED. TAX HEALTH INS.

7 15 20 – – $ 1,018 50 $ 924 .00 $ 94 .50 $ 268 92 $ 101 .00 $ 63 .15 $ 14 .77 $ 60 .00

OTHER

B $ UW

NET PAY

$

10 .00 20.00

749 58

314 • Working Papers TE

PAYROLL ACCOUNT

July 15,

20

Tammy S. Edwards Seven hundred forty-nine and 58/100

PAY TO THE ORDER OF

66-877 530

––

NO. $

326

749.58 DOLLARS

For Classroom Use Only

THE SIGN SHOP

Peoples Bank and Trust Charlotte, NC 28206-8444

Student’s Name

053008774 14672196 326 COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING

500

459

756 1203 1259

759 1200 1259

759 1202 1257

HOURS

Chapter 12

TOTAL HOURS

OVERTIME

80 4 84 17.70

11.80

RATE

732

TOTAL EARNINGS

558

731

802

OUT

1

8 8 8 8 8

944.00 70.80 1014.80

AMOUNT

8 1 1/2 8 8 8 1 1/2 8

OT

REG

501

100

756

1257

1256

101

TOTAL HOURS

OVERTIME

REGULAR

757 1200

756 1201 1259

1202

1205

80 5 85

14.70

9.80

RATE

932

731

659

OUT

TOTAL EARNINGS

700

600

556

IN

OVERTIME

HOURS

500

501

502

504

505

757 1204 1259 758

502

100

759 1205

757 1205 1259 500

756 1204

501

OUT

757 1202 1258

IN

502

OUT

757 1201 1259

IN

AFTERNOON

HOURS

1

8 8 8 8 8

784.00 73.50 857.50

AMOUNT

8 8 1 1/2 8 8 2 1/2 8

OT

REG

503 500 500

100 1259

1203 1200

800

OUT

757

IN

AFTERNOON

758 1202 1259

OUT

MORNING IN

759 1201 1258 504

502

758 1201 1256 756 1200 1257 758

1259

TOTAL HOURS

OVERTIME

REGULAR

759 1204 1259

1200

757 1202 1257

80 1 1/2 81 1/2

HOURS

500

501

458

501

503

759 1202 1255

13.80

9.20

RATE

TOTAL EARNINGS

702

832

OUT

OVERTIME IN

736.00 20.70 756.70

AMOUNT

8 8 8 8 8

8 8 1 1/2 8 8 8

OT

HOURS REG

Date

HOURS

501

502

506

559

701

IN

MORNING

Page 315

REGULAR

757 1203 1257

756 1159 1256

1200

800 501

506

1258

504

101

1204

756 1201 1258

802

502

OUT

757 1202 1257

IN

501

OUT

759 1201 1256

IN

OVERTIME

PERIOD ENDING April 15, 20 – –

PERIOD ENDING April 15, 20 – –

PERIOD ENDING April 15, 20 – –

AFTERNOON

NAME Sylvia A. Rodriguez

NAME Henry F. Miller

NAME Marie L. Kerns

MORNING

EMPLOYEE NO. 16

EMPLOYEE NO. 11

EMPLOYEE NO. 14

1., 2.

Preparing payroll time cards

2

3

4

5

6

9

10

11

12

13

2 3 4 5 6 9 10 11 12

Name

13

2 3 4 5 6

9

10

11

12-1

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12

11/1/07

13

BTE_Ch12-309-322.qxd

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Class

APPLICATION PROBLEM, p. 360

Preparing Payroll Records • 315

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SECOND REVISED

Page 316

APPLICATION PROBLEM, p. 360

Determining payroll tax withholding 1., 2. Employee No.

Name

Number of Marital Withholding Status Allowances

Total Earnings

Federal Social Security Medicare Income Tax Tax Tax Withholding Withholding Withholding

2

Baird, Tony W.

M

2

$1,220.00

$66.00

$75.64

$17.69

6

Delgado, Rudy C.

M

3

1,090.00

37.00

67.58

15.81

3

Garza, Kay H.

S

1

940.00

92.00

58.28

13.63

1

Hess, Monica T.

M

5

1,060.00

9.00

65.72

15.37

8

Levy, Irving S.

S

1

910.00

86.00

56.42

13.20

7

Minick, Esther A.

S

2

990.00

79.00

61.38

14.36

4

Pharr, Angela S.

S

1

900.00

86.00

55.80

13.05

5

Reiner, Greg R.

M

3

1,250.00

53.00

77.50

18.13

316 • Working Papers TE

COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING

8 0 0 00

1 9 9 35 12 7 3 6 85

1 0 4 0 60 1 0 5 0 00 1 1 7 9 20 1 2 4 9 60 9 0 3 00 1 1 0 0 00 7 8 7 50 12 5 3 7 50

1 1 2 2 1 3 1

S

3 LeBlanc, Patrick G. M M

6 Pullen, Sharon S.

11 Shappley, Mary A. S M

10 Young, Justin L.

4 Terrell, Terry R.

12 Wheat, Andrew P. M

5 Yates, Gerie V.

6

7

8

9

10

11

12

8 3 8 21

5 2 7 36

8 7 5 67

7 9 3 99

1 8 8 25

2 1 8 32

1 4 9 08

2 5 5 60

5 9 9 25

9 7 5 43

7 5 3 92

9 9 4 00

1 9 8 28 1 0 2 1 12

1 7 4 33

2 4 6 61

2 5 3 35 1 1 1 0 65

1 8 6 39

1 6 0 64

Chapter 12

18 19 20 21 22 23 24 25

19

20

21

22

23

24

25

17

17

18

16

13

12

11

10

9

8

7

6

5

4

3

2

1

16

5 5 3 00 B 1 2 0 00 2 4 4 7 40 10 2 8 9 45

2 5 00

2 0 00

2 5 00

2 0 00

2 0 00

9 4 6 25

8 5 3 60

CHECK NO.

15

1 8 4 69

7 8 9 71

3 5 00 B

6 0 00 B

3 5 00

4 2 00

4 2 00

3 5 00

3 5 00 B

4 2 00 B

9 0 00

3 5 00 B

1 8 7 75

2 2 8 80

NET PAY

10

Oct. 15, 20

15

1 1 42

1 7 31

1 3 09

1 8 12

1 7 68

1 5 23

1 5 09

1 9 78

1 4 86

4 8 83

7 4 01

5 5 99

7 7 48

7 5 60

6 5 10

6 4 52

8 4 57

6 3 53

9 98

1 0 00

TOTAL

DATE OF PAYMENT 9

14

4 7 00

4 5 00

1 1 8 00

6 3 00

5 9 00

1 0 7 00

8 7 00

1 8 00

4 2 66

6 0 00

4 2 00 B

OTHER

8

14

9 3 75 1 1 9 3 75

9 0 3 00

1 2 4 9 60

4 0 20 1 2 1 9 40

1 0 5 0 00

1 0 4 0 60

1 3 6 4 00

6 5 40 1 0 2 4 60

5 3 00

1 6 44

1 5 69

7

HEALTH INSURANCE

DEDUCTIONS MEDICARE TAX

6

Name

OTHER DEDUCTIONS: B—U.S. SAVINGS BONDS; UW—UNITED WAY

Totals

1 3 6 4 00

2

M

7 Jones, John David

5

13

6 8 00

7 8 7 50

9 5 9 20

4

1 Holtman, Mark T. M

4

6 8 8 00

7 0 31

6 7 11

SOC. SEC. TAX

5

5:21 AM

S

6 8 8 00

1

S

8 Glazner, Tom S.

4 1 00

3

1 1 3 4 00

1 1 3 4 00

3

2 Clemmons, Jan C. M

9 4 00

2

1 0 8 2 40

FEDERAL INCOME TAX

1 0 8 2 40

TOTAL

4

PAYROLL REGISTER

2

OVERTIME

3

S

REGULAR

EARNINGS

2

9 Bast, John P.

MARI- NO. OF TAL ALLOWSTATUS ANCES

1

11/1/07

1

EMPLOYEE’S NAME

Oct. 15, 20

12-3

EMPL. NO.

SEMIMONTHLY PERIOD ENDED

Preparing a payroll register

BTE_Ch12-309-322.qxd Page 317

SECOND REVISED

Date Class

APPLICATION PROBLEM, p. 360

Preparing Payroll Records • 317

318 • Working Papers TE

1 0 2 0 00

1 3 2 0 00

1 2 0 0 00

8/31

9/15

9/30

4

5

6

6 3 00

1 2 0 0 00 4 4 9 00

9 9 00

1 3 5 00 1 4 5 5 00

2 7 0 00 7 6 5 0 00

1 4 79

6 3 24

4 4 00

1 0 2 0 00

4 7 4 30

7 4 40 1 1 0 93

1 7 40

2 1 10

1 9 14

8 1 84

8 1 00

1 3 2 0 00 9 0 21

1 8 71

7 9 98

7 5 00

9 0 00 1 2 9 0 00

MEDICARE TAX

7 8

2 0 00 2 0 00

6 0 00 B 6 0 00 B

2 0 00

M

NET PAY

10

11

15 7 5 0 00

ACCUMULATED EARNINGS

2

8 1 7 97 20 7 4 5 00 2 3 4 80

9 6 5 20 23 4 0 0 00

2 9 0 31 1 1 6 4 69 22 2 0 0 00

2 0 2 03

2 6 1 98 1 0 5 8 02 19 7 2 5 00

2 5 3 69 1 0 3 6 31 18 4 0 5 00

2 7 1 42 1 0 9 3 58 17 1 1 5 00

TOTAL

9

Service Manager

WITHHOLDING ALLOWANCES

3 6 0 00 B 1 2 0 00 1 5 1 4 23 6 1 3 5 77

6 0 00 B

2 0 00

2 0 00

6 0 00 B

6 0 00 B

2 0 00

6 0 00 B

OTHER

POSITION

MARITAL STATUS

HEALTH INSURANCE

DEDUCTIONS

1 9 79

SOC. SEC. TAX

6

8 4 63

FEDERAL INCOME TAX

5

462-81-5823

8 7 00

TOTAL

4

R. MIDDLE INITIAL

4 5 00 1 3 6 5 00

OVERTIME

SOCIAL SECURITY NO. 3

OTHER DEDUCTIONS: B—U.S. SAVINGS BONDS; UW—UNITED WAY

7 3 8 0 00

1 3 2 0 00

8/15

3

QUARTERLY TOTALS

1 2 0 0 00

7/31

2

7

1 3 2 0 00

7/15

1

REGULAR

ENDED

2 EARNINGS

PER HR.

FIRST

5:21 AM

NO.

PAY PERIOD

1

$15.00

Grady

Hurley LAST NAME

September 30, 20 – –

11/1/07

RATE OF PAY

28

EARNINGS RECORD FOR QUARTER ENDED

12-4

EMPLOYEE NO.

1., 2., 3., 4.

Preparing an employee earnings record

BTE_Ch12-309-322.qxd Page 318

SECOND REVISED

APPLICATION PROBLEM, pp. 360–361

COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING

BTE_Ch12-309-322.qxd

11/1/07

5:21 AM

SECOND REVISED

Page 319

Name

12-5

Date

Class

APPLICATION PROBLEM, p. 361

Preparing payroll checks 1., 2. NO. 630

GENERAL ACCOUNT

5/15 20 – – $ 7,498.80 To: Payroll Account 018-65-4237 For: Payroll for May 1-15 Date:

10,138 95 7,498 80 2,640 15

AMT. THIS CHECK BAL. CAR’D FOR’D

66-877 530

May 15,

Payroll Account 018-65-4237 Seven thousand four hundred ninety-eight and 80/100

PAY TO THE ORDER OF

AMT. DEPOSITED TOTAL

630

ROYAL APPLIANCES

10,138 95

BAL. BRO’T FOR’D

NO.

–– 7,498.80 20

$

DOLLARS

For Classroom Use Only

Peoples Bank and Trust

Student’s Name

Charlotte, NC 28206-8444

053008774 018654210 630

CHECK NO. 823 PERIOD ENDING

5 15 20 – – $ 780 00 $ 740 .00 $ 40 .00 $ 127 67 $ 33 .00 $ 48 .36 $ 11 .31 $ 35.00

PAYROLL ACCOUNT

OTHER

$

NET PAY

$

053008774 018654237 823

EARNINGS REG. O.T. DEDUCTIONS INC. TAX SOC. SEC. TAX MEDICARE TAX HEALTH INS.

652 33

May 15,

20

66-877 530

––

Wanda M. Curtis Six hundred fifty-two and 33/100

PAY TO THE ORDER OF

NO. $

823

652.33 DOLLARS

For Classroom Use Only

ROYAL APPLIANCES

Peoples Bank and Trust

Student’s Name

Charlotte, NC 28206-8444

CHECK NO. 827 PERIOD ENDING EARNINGS REG. O.T. DEDUCTIONS INC. TAX SOC. SEC. TAX MEDICARE TAX HEALTH INS. OTHER NET PAY

5 15 20 – – 950 00 $ 920 .00 $ 30 .00 $ 175 68 $ 23 .00 $ 58 .90 $ 13.78 $ 60 .00 $ B 20.00 $ 774 32 $

PAYROLL ACCOUNT

May 15,

20

66-877 530

––

Kevin R. Hayes Seven hundred seventy-four and 32/100

PAY TO THE ORDER OF

NO. $

827

774.32 DOLLARS

For Classroom Use Only

ROYAL APPLIANCES

Peoples Bank and Trust Charlotte, NC 28206-8444

Student’s Name

053008774 018654237 827 Chapter 12

Preparing Payroll Records • 319

M S M S S M M M

6 Epps, John P.

1 Goforth, Alice A.

8 Hiett, Franklin B.

9 Land, Keith

2 Malone, Lillie L.

4 Rivers, Linda K.

10 Sowell, Jacob S.

3 Vole, Ryan V.

3

4

5

6

7

8

9

10

9 00 6 8 6 00

1 0 7 5 00 2 8 5 60 11 0 4 8 20

7 9 2 00

320 • Working Papers TE 1 1 3 5 20 1 1 8 8 00 9 5 4 60 1 0 8 3 60 1 0 9 1 20 1 1 6 1 60 1 0 7 5 00 10 7 6 2 60

2 3 1 1 2 2 5

CHECK NO.

8 9 3 76

9 6 4 74

9 9 3 61

8 6 2 71

7 5 4 57

9 8 0 11 1696

9 6 7 84

6 6 1 42

9 1 9 64

16 17 18 19 20 21 22 23 24 25

16

17

18

19

20

21

22

23

24

25

OTHER DEDUCTIONS: B—U.S. SAVINGS BONDS; UW—UNITED WAY

15

15

11

10

9

8

7

6

5

4

3

2

1

14

6 0 00 2 0 2 6 18 9 0 2 2 02

1 8 1 24

1 9 6 86

1 9 0 59

2 2 0 89

2 0 0 03

2 0 7 89

2 4 4 76

1 3 0 58

2 3 5 36

2 1 7 98 1 0 2 3 62 1692

NET PAY

10

Aug. 31, 20

14

4 3 5 00 B

1 0 00

1 0 00

1 0 00

1 0 00

1 0 00

1 0 00

TOTAL

DATE OF PAYMENT 9

13

1 6 0 19

6 8 4 99

8 0 00 B

4 0 00 B

4 0 00

2 5 00

2 5 00 B

6 0 00 B

4 0 00

4 0 00 B

2 5 00

6 0 00 B

OTHER

8

13

1 5 59

1 6 84

1 7 17

1 5 71

1 3 84

1 7 23

1 7 58

1 1 48

6 6 65

7 2 02

7 3 42

6 7 18

5 9 19

7 3 66

7 5 18

4 9 10

1 6 75

1 8 00

7

HEALTH INSURANCE

DEDUCTIONS MEDICARE TAX

6

12

5 8 00

6 0 00

1 1 3 00

9 2 00

4 7 00

1 1 2 00

2 0 00

7 1 61

7 6 98

SOC. SEC. TAX

5

12

1 1 6 1 60

9 3 00 1 1 8 4 20

1 0 8 3 60

9 5 4 60

1 1 8 8 00

7 7 40 1 2 1 2 60

7 9 2 00

1 2 2 00

2

1 1 5 5 00

1 1 5 5 00

1

5 3 00

FEDERAL INCOME TAX

4

5:21 AM

Totals

S

7 Barenis, Mary P.

2

1 1 5 20 1 2 4 1 60

TOTAL

3

1 1 2 6 40

OVERTIME

EARNINGS

2

3

REGULAR

1

PAYROLL REGISTER

11/1/07

11

M

5 Acron, Peter C.

EMPLOYEE’S NAME

1

EMPL. NO.

MARI- NO. OF TAL ALLOWSTATUS ANCES

Aug. 31, 20

12-6

SEMIMONTHLY PERIOD ENDED

1.

Preparing a semimonthly payroll

BTE_Ch12-309-322.qxd Page 320

SECOND REVISED

MASTERY PROBLEM, p. 362

COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING

BTE_Ch12-309-322.qxd

11/1/07

5:21 AM

SECOND REVISED

Page 321

Name

12-6

Date

Class

MASTERY PROBLEM (concluded)

2., 3. NO. 928

16,216 90 9,022 02 7,194 88

AMT. THIS CHECK BAL. CAR’D. FOR’D

August 31,

Payroll Account 59-721-65 Nine thousand twenty-two and 02/100

PAY TO THE ORDER OF

AMT. DEPOSITED TOTAL

8-8335 430

ARROW COMPANY

16,216 90

BAL. BRO’T. FOR’D

NO. 928

GENERAL ACCOUNT

8/31 20 – – $ 9,022.22 To: Payroll Account 59-721-65 For: Payroll for August 16-31 Date:

$

–– 9,022.02 20

DOLLARS

For Classroom Use Only

First Security Bank of Pittsburgh Pittsburgh, PA 15210-3402

Student’s Name

043083356 005972164 928

CHECK NO. 1692 PERIOD ENDING EARNINGS REG. O.T. DEDUCTIONS INC. TAX SOC. SEC. TAX MED. TAX HEALTH INS. OTHER NET PAY

8 31 20 – – 1,241 60 $ 1,126 .40 $ 115 .20 $ 217 98 $ 53 .00 $ 76.98 $ 18 .00 $ 60.00 $ B 10.00 $ 1,023 62 $

PAYROLL ACCOUNT

August 31,

20

8-8335 430

––

Peter C. Acron One thousand twenty-three and 62/100

PAY TO THE ORDER OF

NO. 1692 $

1,023.62 DOLLARS

For Classroom Use Only

ARROW COMPANY

First Security Bank of Pittsburgh Pittsburgh, PA 15210-3402

Student’s Name

043083356 005972165 1692

CHECK NO. 1696 PERIOD ENDING EARNINGS REG.

8 31 20 – – $ 1,188 00 $ 1,188.00

O.T.

$



DEDUCTIONS

$

INC. TAX

$

SOC. SEC. TAX

$

MED. TAX

$

HEALTH INS.

$

OTHER

$

NET PAY

$

207 89 47 .00 73 .66 17 .23 60.00 10.00 980 11

B

PAYROLL ACCOUNT

August 31,

20

8-8335 430

––

Franklin B. Hiett Nine hundred eighty and 11/100

PAY TO THE ORDER OF

NO. 1696 $

980.11 DOLLARS

For Classroom Use Only

ARROW COMPANY

First Security Bank of Pittsburgh Pittsburgh, PA 15210-3402

Student’s Name

043083356 005972165 1696

Chapter 12

Preparing Payroll Records • 321

S S S M M S

C9 Reeves, John M.

A2 Bullock, Amy C.

A6 Green, Steven P.

A9 Prine, Jacob R.

F5 Gerez, Dave A.

F2 Kyle, Ryan G.

3

4

5

6

7

8

322 • Working Papers TE 1 1 2 0 00 1 1 5 0 00 1 1 5 0 00 1 1 5 0 00 9 0 0 00 9 0 0 00

1 2 1 4 2 1

NET PAY

10

9 4 4 64

9 9 6 48

9 7 8 81

7 4 8 84

8 0 8 38

13

13

14 15 16 17 18 19 20 21 22 23 24 25

14

15

16

17

18

19

20

21

22

23

24

25

OTHER DEDUCTIONS: B—U.S. SAVINGS BONDS; UW—UNITED WAY

12

9

8

7

6

5

4

3

2

1

12

1 2 9 2 97 7 6 3 4 53

1 5 5 16

1 0 1 62

1 3 5 90 1 1 1 7 60

2 2 2 94

2 0 8 69 1 0 1 6 06

2 1 0 36

1 4 1 02

CHECK NO.

May 15, 20 – –

1 1 7 28 1 0 2 3 72

TOTAL

DATE OF PAYMENT 9

11

1 2 9 46

5 5 3 51

OTHER

8

11

1 3 11

1 3 20

1 8 18

1 7 43

1 7 76

1 6 75

1 6 49

1 6 54

7

HEALTH INSURANCE

DEDUCTIONS MEDICARE TAX

6

5 6 05

5 6 42

7 7 72

7 4 51

7 5 93

7 1 61

7 0 53

7 0 74

SOC. SEC. TAX

5

10

6 1 0 00

3 1 7 50 8 9 2 7 50

3 2 00 8 6 00

9 1 0 00

4 0 00

1 3 1 00

1 1 5 00

1 2 2 00

5 4 00

9 0 4 00

4 00

1 0 00

1 0 3 50 1 2 5 3 50

5 1 75 1 2 0 1 75

7 4 75 1 2 2 4 75

3 5 00 1 1 5 5 00

1 7 50 1 1 3 7 50

3 0 00

FEDERAL INCOME TAX

4

10

8 6 1 0 00

1 1 2 0 00

2

TOTAL

3

2 1 00 1 1 4 1 00

INCENTIVE

EARNINGS

2

5:21 AM

Totals

M

C6 Hairston, Gary P.

2

1 1 2 0 00

4

REGULAR

1

PAYROLL REGISTER

11/1/07

9

M

C3 Bell, Julie M.

MARI- NO. OF TAL ALLOWSTATUS ANCES

1

EMPLOYEE’S NAME

May 15, 20 – –

12-7

EMPL. NO.

SEMIMONTHLY PERIOD ENDED

Calculating piecework wages

BTE_Ch12-309-322.qxd Page 322

SECOND REVISED

CHALLENGE PROBLEM, pp. 362–363

COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING

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