Contains accounting terms for Lessons 12-1 and Column II

Study Guide 12 Name 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. Contains accounting terms for Lessons 12-1 and 12-2. Perfect Score Identifying Accounting Terms 24 Pts. Analyzing Payroll Procedures 5 Pts. Identifying Accounting Practices 25 Pts. Total 54 Pts. Your Score Column I Column II Answers A. 401(k) 1. The amount paid to an employee for every hour worked. (p. 346) 1. R B. accumulated earnings 2. A fixed annual sum of money divided among equal pay periods. (p. 346) 2. M C. commission 3. A method of paying an employee based on the amount of sales the employee generates. (p. 346) 3. C D. individual retirement account 4. The total amount paid by a business for an employee s work, earned by a wage, salary, or commission. (p. 346) 4. Q E. Medicare tax 5. The number of days or weeks of work covered by an employee s paycheck. (p. 346) 5. F F. pay period 6. The total amount earned by all employees for a pay period. (p. 346) 6. G G. payroll 7. The accounting staff position that compiles and computes payroll data, then prepares, journalizes, and posts payroll transactions. (p. 346) 7. H H. payroll clerk. A device used to record the dates and times of every employee s arrivals and departures. (p. 347). P I. payroll deduction 9. Taxes based on the payroll of a business. (p. 351) 9. J J. payroll taxes 10. A deduction from total earnings for each person legally supported by a taxpayer, including the employee. (p. 352) 10. S K. qualified retirement plan 11. Any amount withheld from an employee s gross earnings. (p. 352) 11. I L. Roth individual retirement account 12. A federal tax paid for old-age, survivors, and disability insurance. (p. 355) 12. N M. salary 13. A federal tax paid for hospital insurance. (p. 355) 13. E N. social security tax 14. The total gross earnings year to date for an employee. (p. 355) 14. B O. tax base 15. The maximum amount of gross earnings on which a tax is calculated. (p. 355) 15. O P. time clock 16. A retirement savings plan approved by the Internal Revenue Service that provides individuals with a tax benefit. (p. 356) 16. K Q. total earnings 17. A qualified retirement plan sponsored by an employer. (p. 356) 17. A R. wage 1. A qualified retirement plan that provides most individuals with a deferred federal income tax benefit. (p. 356) 1. D S. withholding allowance 19. A qualified retirement plan that allows tax-free withdrawals from the account. (p. 356) 19. L Chapter 12 Preparing Payroll Records 309

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. Contains accounting terms for Lessons 12-3 and 12-4. Column I Column II Answers A. direct deposit 1. An accounting form that summarizes the earnings, deductions, and net pay of all employees for one pay period. (p. 35) 1. D B. employee earnings record 2. The total earnings paid to an employee after payroll taxes and other deductions. (p. 359) 2. C C. net pay 3. A business form used to record details of an employee s earnings and deductions. (p. 360) 3. B D. payroll register 4. A check with a detachable check stub that contains detailed information about the cash payment. (p. 364) 4. E E. voucher check 5. The payment of an employee s net pay using electronic funds transfer. (p. 366) 5. A 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 :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. 347) 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. 347) 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. 349) 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. 355) 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. 364) Answers 1. A 2. B 3. A 4. D 5. C 310 Working Papers TE

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. 1. A business may decide to pay employee salaries every week, every two weeks, twice a month, or once a month. (p. 346) 2. Today s time clocks can feed data directly into a company s computer system. (p. 34) 3. Total earnings are sometimes referred to as net pay or net earnings. (p. 346) 4. An hourly employee s total earnings are calculated as regular hours regular rate, plus overtime hours overtime rate. (p. 349) 5. Payroll taxes withheld represent a liability for an employer until payment is made to the government. (p. 351) 6. Employers are required to have a current Form W-4, Employee s Withholding Allowance Certificate, for all employees. (p. 352) 7. Federal income tax is one example of a payroll deduction. (p. 352). 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. 352) 9. A single person will have less income tax withheld than a married employee earning the same amount. (p. 352) 10. The larger the number of withholding allowances claimed, the larger the amount of income tax withheld. (p. 352) 11. An employee can be exempt from having federal income tax withheld under certain conditions. (p. 352) 12. Social security tax is only paid by the employer. (p. 355) 13. An act of Congress can change the social security tax base and tax rate at any time. (p. 355) 14. When an employee s accumulated earnings exceed the tax base, no more social security tax is deducted. (p. 355) 15. Qualified retirement plans are approved by the Internal Revenue Service (p. 356) 16. Employee contributions to a 401(k) reduce the amount of earnings subject to payroll taxes. (p. 356) 17. The investment income of a 401(k) account is taxable to the employee in the year earned. (p. 356) 1. Taxes on the contributions and investment income of an IRA are deferred until the funds are withdrawn. (p. 356) 19. Contributions to a Roth IRA do not provide a current tax benefit. (p. 356) 20. The investment income in a Roth IRA is subject to federal income taxes when withdrawn. (p. 356) Answers 1. T 2. T 3. F 4. T 5. T 6. T 7. T. T 9. F 10. F 11. T 12. F 13. T 14. T 15. T 16. T 17. F 1. T 19. T 20. F Chapter 12 Preparing Payroll Records 311

21. The columns of the employee earnings record consist of the amount columns in a payroll register and an Accumulated Earnings column. (p. 360) 22. A check for each employee s total net pay is written on the general checking account of the business. (p. 364) 23. The original voucher check, with the voucher attached, is mailed to the vendor. (p. 365) 24. The voucher of a payroll check contains current pay period and year-to-date earnings and deduction information. (p. 365) 25. When EFT is used, the employee does not receive an individual check. (p. 366) Answers 21. T 22. F 23. T 24. T 25. T 312 Working Papers TE

Name Date Class 12-1 WORK TOGETHER, p. 350 Calculating hourly employee total earnings 1. EMPLOYEE NO. 4 NAME Alice R. Webster PAY PERIOD ENDED October 15, 20-- MORNING AFTERNOON EVENING HOURS Mon 15 Sat 13 Fri 12 Thu 11 Wed 10 Tue 09 Mon 0 Fri 05 Thu 04 Wed 03 Tue 02 Mon 01 Day IN OUT IN OUT IN OUT REG OT 7 54 11 57 12 56 5 02 00 11 52 1 06 5 02 7 56 12 01 1 04 5 01 7 59 11 57 12 59 4 59 6 01 9 33 01 11 57 1 00 4 53 01 12 03 12 57 6 06 7 54 11 52 1 02 5 03 7 5 12 01 12 5 5 00 01 1 04 2 02 5 05 10 05 1 05 7 52 12 00 12 59 4 53 12 5 4 56 6 01 10 10 3.5 1.0 3.0 APPROVED BY PERIOD TOTALS PPH 7.5 2. Employee Hours Worked Regular Earnings Total Number Regular Overtime Rate Regular Overtime Earnings 1 0 5 $ 9.00 $ 720.00 $ 67.50 $ 77.50 2 0 3 12.50 1,000.00 56.25 1,056.25 3 70 0 9.75 62.50 62.50 4 7.5 11.00 96.00 123.75 1,091.75 Chapter 12 Preparing Payroll Records 313

12-1 ON YOUR OWN, p. 350 Calculating hourly employee total earnings 1. EMPLOYEE NO. 34 NAME Mary Carol Prestwood PAY PERIOD ENDED June 30, 20-- MORNING AFTERNOON EVENING HOURS Mon 30 Sat 2 Fri 27 Thu 26 Tue 24 Mon 23 Sat 21 Fri 20 Thu 19 Tue 17 Mon 16 Day IN OUT IN OUT IN OUT REG OT 55 11 53 12 52 6 05 9 06 11 5 1 00 6 02 57 12 00 1 00 6 03 55 11 57 12 59 5 52 6 01 9 10 56 12 01 12 52 5 53 9 04 11 55 1 01 5 53 9 05 12 02 12 59 5 54 1 05 6 04 5 12 00 12 55 6 00 7 05 9 05 9 03 11 56 12 56 5 52 52 11 57 12 57 5 56 3.0 5 2.0 APPROVED BY PERIOD TOTALS CAP 5 5.0 2. Employee Hours Worked Regular Earnings Total Number Regular Overtime Rate Regular Overtime Earnings 25 5 $10.00 $ 0.00 $75.00 $ 955.00 2 72 3 14.50 1,044.00 65.25 1,109.25 32 4 13.75 1,210.00 2.50 1,292.50 34 5 5 12.50 1,062.50 93.75 1,156.25 314 Working Papers TE

Name Date Class 12-2 WORK TOGETHER, p. 357 Determining payroll tax withholding 1., 2. Employee No. Name Marital Status Number of Withholding Allowances Total Earnings 1 Clauson, John P. M 2 $1,360.00 9 Edison, Janice A. S 1 90.00 5 Lambert, Terri C. M 3 1,510.00 2 Simpson, Anthony W. S 2 1,125.00 12-2 ON YOUR OWN, p. 357 Determining payroll tax withholding 1., 2. Employee No. Name Marital Status Number of Withholding Allowances Total Earnings 3 Gilmore, Harris J. S 2 $1,020.00 Keller, Francis P. M 3 1,10.00 4 Millhouse, Gary R. S 1 1,205.00 1 Williamson, Mary A. M 1 1,405.00 Federal Income Tax Withholding Social Security Tax Withholding Medicare Withholding $52.00 $4.32 $19.72 79.00 60.76 14.21 50.00 93.62 21.90 77.00 69.75 16.31 Federal Income Tax Withholding Social Security Tax Withholding Medicare Withholding $ 62.00 $ 63.24 $14.79 95.00 112.22 26.25 112.00 74.71 17.47 0.00 7.11 20.37 Chapter 12 Preparing Payroll Records 315

12-3 WORK TOGETHER, p. 363 Preparing payroll records (Note: The payroll register and employee earnings record used in this problem are also used in Work Together 12-4.) 1., 2. payroll register SEMIMONTHLY PERIOD ENDED July 15, 20 -- DATE OF PAYMENT 1 2 3 4 5 6 7 9 10 July 15, 20 -- EMPL. NO. EMPLOYEE S NAME MARI- TAL STATUS NO. OF ALLOW- ANCES EARNINGS DEDUCTIONS REGULAR OVERTIME TOTAL FEDERAL INCOME TAX SOCIAL SECURITY TAX MEDICARE TAX HEALTH RETIREMENT INSURANCE RETIREMENT PLAN TOTAL NET PAY CHECK NO. 1 2 Johnson, Edward P. M 2 1 3 2 0 00 1 1 2 50 1 4 3 2 50 6 1 00 2 2 0 77 6 0 00 1 5 00 2 4 5 59 1 1 6 91 261 1 2 4 Nelson, Janice E. S 1 9 2 0 00 5 1 75 9 7 1 75 7 6 00 6 0 25 1 4 09 6 0 00 1 5 00 2 2 5 34 7 4 6 41 262 2 Totals 2 2 4 0 00 1 6 4 25 2 4 0 4 25 1 3 7 00 1 4 9 07 3 4 6 1 2 0 00 3 0 00 4 7 0 93 1 9 3 3 32 3 3 4 4 5 5 12-4 3. Earnings record for quarter ended September 30, 20 -- 2 Johnson Edward P M 2 WITHHOLDING EMPLOYEE NO. MARITAL STATUS ALLOWANCES LAST NAME FIRST MIDDLE INITIAL RATE OF PAY PER HOUR SOCIAL SECURITY NO. POSITION 1 2 3 4 5 6 7 9 10 11 PAY PERIOD EARNINGS DEDUCTIONS ACCUMULATED EARNINGS NET PAY NO. ENDED REGULAR OVERTIME TOTAL TOTAL 1 $15.00 954-15-156 Sales Manager FEDERAL INCOME TAX SOCIAL SECURITY TAX MEDICARE TAX HEALTH INSURANCE RETIREMENT PLAN 17 2 1 00 7/15 1 3 2 0 00 1 1 2 50 1 4 3 2 50 6 1 00 2 2 0 77 6 0 00 1 5 00 2 4 5 59 1 1 6 91 1 6 5 0 50 7 TOTALS 316 Working Papers TE

Name Date Class 12-3 ON YOUR OWN, p. 363 Preparing payroll records (Note: The payroll register used in this problem is also used in On Your Own 12-4.) 1., 2. payroll register SEMIMONTHLY PERIOD ENDED July 15, 20 -- DATE OF PAYMENT 1 2 3 4 5 6 7 9 10 July 15, 20 -- EMPL. NO. EMPLOYEE S NAME MARI- TAL STATUS NO. OF ALLOW- ANCES EARNINGS DEDUCTIONS REGULAR OVERTIME TOTAL FEDERAL INCOME TAX SOCIAL SECURITY TAX MEDICARE TAX HEALTH RETIREMENT INSURANCE RETIREMENT PLAN TOTAL NET PAY CHECK NO. 1 3 Patterson, James T. S 2 1 6 0 1 60 5 4 60 1 6 5 6 20 1 5 5 00 1 0 2 6 2 4 01 7 5 00 3 0 00 3 6 69 1 2 6 9 51 14 1 2 6 Reeves, Glenda R. M 3 1 5 4 00 9 4 50 1 6 7 50 7 4 00 1 0 4 07 2 4 34 7 5 00 3 0 00 3 0 7 41 1 3 7 1 09 149 2 Totals 3 1 5 60 1 4 9 10 3 3 3 4 70 2 2 9 00 2 0 6 75 4 35 1 5 0 00 6 0 00 6 9 4 10 2 6 4 0 60 3 3 4 4 5 5 12-4 3. Earnings record for quarter ended September 30, 20 -- 3 Patterson James T S 2 WITHHOLDING EMPLOYEE NO. MARITAL STATUS ALLOWANCES LAST NAME FIRST MIDDLE INITIAL RATE OF PAY PER HOUR SOCIAL SECURITY NO. POSITION 1 2 3 4 5 6 7 9 10 11 PAY PERIOD EARNINGS DEDUCTIONS ACCUMULATED EARNINGS NET PAY NO. ENDED REGULAR OVERTIME TOTAL TOTAL 1 $1.20 941-74-41 Production Scheduler FEDERAL INCOME TAX SOCIAL SECURITY TAX MEDICARE TAX HEALTH INSURANCE RETIREMENT PLAN 19 1 5 0 00 7/15 1 6 0 1 60 5 4 60 1 6 5 6 20 1 5 5 00 1 0 2 6 2 4 01 7 5 00 3 0 00 3 6 69 1 2 6 9 51 20 0 6 20 7 TOTALS Chapter 12 Preparing Payroll Records 317

12-4 WORK TOGETHER, p. 36 Preparing payroll checks (Note: The payroll register used in this problem was also used in Work Together 12-3.) 1. JUDY S FASHIONS DATE No. 95 PAYEE First Community Bank 7/15/20 - - ACCOUNT TITLE DESCRIPTION AMOUNT July 15, 20- - payroll $1,933.32 JUDY S FASHIONS FIRST COMMUNITY BANK No. 95 1534 South College Street 320 N. Dean Road Auburn, AL 3630 Auburn, AL 3630 GENERAL ACCOUNT One thousand nine hundred thirty-three and 32/100 Pay to the Order of First Community Bank Payroll Account 14-164-11 320 N. Dean Road Auburn, AL 3630 FOR CLASSROOM USE ONLY DATE AMOUNT 7/15/20 - - $ 1,933.32 Dollars Student s Name A919461A 514115C 095 31 Working Papers TE

Name Date Class 12-4 WORK TOGETHER (continued) 2. EMPLOYEE Edward P. Johnson DATE June 30, 20-- Federal Income Tax 43.00 522.00 Regular 4.00 15.00 1,260.00 Social Security Tax 0.91 1,067.52 Overtime 2.00 22.50 45.00 Medicare Tax 1.92 249.66 Health Insurance 60.00 720.00 Retirement 15.00 10.00 Current Total Earnings 1,305.00 Totals 217.3 2,739.1 YTD Total Earnings 17,21.00 Net Pay 1,07.17 14,47.2 EMPLOYEE Edward P. Johnson DATE July 15, 20 - - 1,320.00 112.50 Federal Income Tax Regular.00 15.00 Social Security Tax Overtime 5.00 22.50 Medicare Tax Health Insurance Retirement 61.00 53.00.2 1,156.34 20.77 270.43 60.00 70.00 15.00 195.00 1,432.50 1,650.50 Current Total Earnings Totals YTD Total Earnings Net Pay 245.59 1,16.91 2,94.77 15,665.73 PAYROLL ACCOUNT July 15, 20 - - 66-311 513 JUDY S FASHIONS No. 261 Edward P. Johnson One thousand one hundred eighty-six and 91/100 Pay to the Order of $ FOR CLASSROOM USE ONLY Dollars 1,16.91 FIRST COMMUNITY BANK AUBURN, AL 3630 A919461A 1416411C 261 Student s Name Chapter 12 Preparing Payroll Records 319

12-4 WORK TOGETHER (concluded) EMPLOYEE Janice E. Nelson DATE June 30, 20-- Federal Income Tax 79.00 92.00 Regular 2.00 11.50 943.00 Social Security Tax 61.67 736.10 Overtime 3.00 17.25 51.75 Medicare Tax 14.42 172.15 Health Insurance 60.00 720.00 Retirement 15.00 10.00 Current Total Earnings 994.75 Totals 230.09 2,700.25 YTD Total Earnings 11,72.50 Net Pay 764.66 9,172.25 EMPLOYEE Janice E. Nelson DATE 920.00 51.75 Federal Income Tax Regular 0.00 11.50 Social Security Tax Overtime 3.00 17.25 Medicare Tax Health Insurance Retirement July 15, 20 - - 76.00 96.00 60.25 796.35 14.09 16.24 60.00 70.00 15.00 195.00 971.75 12,44.25 Current Total Earnings Totals YTD Total Earnings Net Pay 225.34 746.41 2,925.59 9,91.66 PAYROLL ACCOUNT July 15, 20 - - 66-311 513 JUDY S FASHIONS No. 262 Janice E. Nelson Seven hundred forty-six and 41/100 Pay to the Order of $ FOR CLASSROOM USE ONLY Dollars 746.41 FIRST COMMUNITY BANK AUBURN, AL 3630 A919461A 1416411C 262 Student s Name 320 Working Papers TE

Name Date Class 12-4 ON YOUR OWN, p. 36 Preparing payroll checks (Note: The payroll register used in this problem was also used in On Your Own 12-3.) 1. RUSSELL COMPANY DATE No. 921 PAYEE First American Bank 7/15/20 - - ACCOUNT TITLE DESCRIPTION AMOUNT July 15, 20- - payroll $2,641.79 RUSSELL COMPANY FIRST AMERICAN BANK No. 921 1534 Military Road 656 S. 7th Street Columbus, MS 39701 Columbus, MS 39701 GENERAL ACCOUNT Two thousand six hundred forty-one and 79/100 Pay to the Order of First American Bank Payroll Account 74-476-7 656 S. 7th Street Columbus, MS 39701 FOR CLASSROOM USE ONLY A6414A 7144C 0921 DATE 7/15/20 - - $ Dollars Student s Name AMOUNT 2,641.79 Chapter 12 Preparing Payroll Records 321

2. 12-4 ON YOUR OWN (continued) EMPLOYEE James T. Patterson DATE June 30, 20-- Federal Income Tax 137.00 1,53.00 Regular 0.00 1.20 1,456.00 Social Security Tax 95.35 1,17.30 Overtime 3.00 27.30 1.90 Medicare Tax 22.30 277.6 Health Insurance 75.00 900.00 Retirement 30.00 360.00 Current Total Earnings 1,537.90 Totals 359.65 4,307.9 YTD Total Earnings 19,150.00 Net Pay 1,17.25 14,42.02 EMPLOYEE James T. Patterson DATE July 15, 20 - - 1,601.60 54.60 Federal Income Tax Regular.00 1.20 Social Security Tax Overtime 2.00 27.30 Medicare Tax Health Insurance Retirement 155.00 1,73.00 102.6 1,29.9 24.01 301.69 75.00 975.00 30.00 390.00 1,656.20 20,06.20 Current Total Earnings Totals YTD Total Earnings Net Pay 36.69 1,269.51 4,694.67 16,111.53 PAYROLL ACCOUNT July 15, 20 - - 66-311 513 RUSSELL COMPANY No. 14 James T. Patterson One thousand two hundred sixty-nine and 51/100 Pay to the Order of $ FOR CLASSROOM USE ONLY Dollars 1,269.51 FIRST AMERICAN BANK Columbus, MS 39701 A6414A 744767C 14 Student s Name 322 Working Papers TE

Name Date Class 12-4 ON YOUR OWN (concluded) EMPLOYEE Glenda R. Reeves DATE June 30, 20-- Federal Income Tax 44.00 40.00 Regular 0.00 1.00 1,440.00 Social Security Tax 90.95 36.32 Overtime 1.00 27.00 27.00 Medicare Tax 21.27 195.59 Health Insurance 75.00 675.00 Retirement 30.00 270.00 Current Total Earnings 1,467.00 Totals 261.22 2,34.91 YTD Total Earnings 13,49.00 Net Pay 1,205.7 11,104.09 EMPLOYEE Glenda R. Reeves DATE 1,54.00 94.50 Federal Income Tax Regular.00 1.00 Social Security Tax Overtime 3.50 27.00 Medicare Tax Health Insurance Retirement July 15, 20 - - 74.00 42.00 104.07 940.39 24.34 219.93 75.00 750.00 30.00 300.00 1,67.50 15,167.50 Current Total Earnings Totals YTD Total Earnings Net Pay 307.41 1,371.09 2,692.32 12,475.1 PAYROLL ACCOUNT July 15, 20 - - 66-311 513 RUSSELL COMPANY No. 149 Glenda R. Reeves One thousand three hundred seventy-one and 09/100 Pay to the Order of $ FOR CLASSROOM USE ONLY Dollars 1,371.09 FIRST AMERICAN BANK Columbus, MS 39701 A6414A 744767C 149 Student s Name Chapter 12 Preparing Payroll Records 323

12-1 APPLICATION PROBLEM (LO1, 2), p. 371 Calculating total earnings 1. EMPLOYEE NO. 7 NAME Marcus T. Groves PAY PERIOD ENDED December 15, 20-- MORNING AFTERNOON EVENING HOURS Mon 15 Sat 13 Fri 12 Thu 11 Wed 10 Tue 09 Mon 0 Sat 06 Fri 05 Thu 04 Wed 03 Tue 02 Mon 01 Day IN OUT IN OUT IN OUT REG OT 5 5 11 53 12 59 3 54 56 12 01 12 53 5 56 6 53 9 53 1 00 6 02 7 55 9 55 12 54 5 56 6 53 10 06 12 54 5 5 9 04 11 56 12 56 5 56 6 2 9 26 6 04 12 02 12 59 3 54 9 02 11 55 1 56 6 03 12 5 6 59 7 57 9 57 12 57 5 56 6 54 10 04 12 54 5 55 9 01 11 55 1 03 6 00 12 59 5 59 6 34 9 56 1.0 3.0 7 5 4 7.0 1.0 7 5 4 4.5 APPROVED BY PERIOD TOTALS CAP 16.5 2. Employee Hours Worked Regular Earnings Total Number Regular Overtime Rate Regular Overtime Earnings 2 0 12 $15.00 $1,200.00 $270.00 $1,470.00 4 0 2 16.50 1,320.00 49.50 1,369.50 6 60 2.5 1.00 1,00.00 67.50 1,147.50 7 16.5 14.50 1,276.00 35. 1,634. 324 Working Papers TE

Name Date Class 12-2 APPLICATION PROBLEM (LO3, 4), p. 371 Determining payroll tax withholding 1., 2. Employee No. Name Marital Status Number of Withholding Allowances Total Earnings 1 Kelly, Sandra P. S 3 $1,45.00 9 Miller, Kelly T. M 2 1,621.00 5 Cleveland, Patti A. S 1 1,595.00 2 Maxwell, Jon T. M 4 1,34.00 3 King, David R. M 2 1,492.00 Greene, Mary S. S 0 215.00 4 Hazelwood, Ellie J. S 1 1,642.00 7 Sharpe, Molli E. M 3 1,49.00 Federal Income Tax Withholding Social Security Tax Withholding Medicare Withholding $10.00 $ 92.07 $21.53 91.00 100.50 23.50 169.00 9.9 23.13 17.00 3.5 19.55 70.00 92.50 21.63 13.33 3.12 17.00 101.0 23.1 47.00 92.32 21.59 Chapter 12 Preparing Payroll Records 325

12-3 APPLICATION PROBLEM (LO6, 7), p. 372 Preparing payroll records 1. payroll register SEMIMONTHLY PERIOD ENDED Sept. 30, 20 -- DATE OF PAYMENT 1 2 3 4 5 6 7 9 10 Sept. 30, 20 - - EMPL. NO. EMPLOYEE S NAME MARI- TAL STATUS NO. OF ALLOW- ANCES EARNINGS DEDUCTIONS REGULAR OVERTIME TOTAL FEDERAL INCOME TAX SOCIAL SECURITY TAX MEDICARE TAX HEALTH INSURANCE RETIREMENT PLAN TOTAL NET PAY CHECK NO. 1 9 Gamble, Ed P. S 1 1 3 4 2 00 1 3 4 2 00 1 3 3 00 3 20 1 9 46 4 5 00 1 0 00 2 9 0 66 1 0 5 1 34 395 1 2 7 Holtz, Thomas E. M 2 1 0 5 00 4 50 1 1 0 6 50 2 3 00 6 60 1 6 04 6 0 00 2 5 00 1 9 2 64 9 1 3 6 396 2 3 6 Jones, Virginia W. S 4 1 0 7 4 00 4 00 1 1 5 00 3 4 00 7 1 0 1 6 79 9 0 00 2 0 00 2 3 2 59 9 2 5 41 397 3 4 Lowe, Mary C. M 2 1 4 6 00 1 0 00 1 5 9 4 00 5 00 9 3 2 3 11 6 0 00 5 0 00 3 1 6 94 1 2 7 7 06 39 4 5 1 Muldoon, Janice T. M 2 1 6 4 00 5 5 50 1 7 0 3 50 1 0 3 00 1 0 5 62 2 4 70 6 0 00 5 0 00 3 4 3 32 1 3 6 0 1 399 5 6 11 Myers, Samuel L. S 0 2 3 5 00 2 3 5 00 1 4 57 3 41 4 5 00 6 0 00 1 2 2 9 1 1 2 02 400 6 7 12 Spiller, Nathan R. S 3 1 6 2 00 1 6 2 00 1 2 9 00 1 0 0 94 2 3 61 7 5 00 4 0 00 3 6 55 1 2 5 9 45 401 7 2 Terrell, Mary A. M 2 1 6 0 0 00 3 0 00 1 6 3 0 00 9 1 00 1 0 1 06 2 3 64 6 0 00 3 0 00 3 0 5 70 1 3 2 4 30 402 Totals 10 0 7 1 00 3 2 6 00 10 3 9 7 00 5 9 00 6 4 4 62 1 5 0 76 4 9 5 00 2 5 00 2 1 7 3 3 2 2 3 62 9 9 10 10 11 11 12 12 13 13 14 14 15 15 16 16 17 17 1 1 19 19 20 20 21 21 326 Working Papers TE

Name Date Class 12-3 APPLICATION PROBLEM (concluded) 2., 3. Earnings record for quarter ended September 30, 20 -- 2 Terrell Mary A. M WITHHOLDING EMPLOYEE NO. MARITAL STATUS ALLOWANCES LAST NAME FIRST MIDDLE INITIAL 2 $20.00 RATE OF PAY PER HOUR SOCIAL SECURITY NO. POSITION 1 2 3 4 5 6 7 9 10 11 PAY PERIOD EARNINGS DEDUCTIONS NO. ENDED REGULAR OVERTIME TOTAL 947-15-447 FEDERAL INCOME TAX SOCIAL SECURITY TAX MEDICARE TAX HEALTH INSURANCE RETIREMENT PLAN Purchasing Manager NET PAY ACCUMULATED EARNINGS TOTAL 20 6 4 0 00 1 7/15 1 7 6 0 00 6 0 00 1 2 0 00 1 2 1 00 1 1 2 4 2 6 39 6 0 00 3 0 00 3 5 0 23 1 4 6 9 77 22 4 6 0 00 2 7/31 1 6 0 0 00 9 0 00 1 6 9 0 00 1 0 0 00 1 0 4 7 2 4 51 6 0 00 3 0 00 3 1 9 29 1 3 7 0 71 24 1 5 0 00 3 /15 1 5 4 0 00 7 5 00 1 6 1 5 00 00 1 0 0 13 2 3 42 6 0 00 3 0 00 3 0 1 55 1 3 1 3 45 25 7 6 5 00 4 /31 1 7 6 0 00 1 0 00 1 6 00 1 2 7 00 1 1 5 2 2 7 09 6 0 00 3 0 00 3 5 9 91 1 5 0 09 27 6 3 3 00 5 9/15 1 6 0 0 00 5 5 50 1 6 5 5 50 9 4 00 1 0 2 64 2 4 00 6 0 00 3 0 00 3 1 0 64 1 3 4 4 6 29 2 50 6 9/30 1 6 0 0 00 3 0 00 1 6 3 0 00 9 1 00 1 0 1 06 2 3 64 6 0 00 3 0 00 3 0 5 70 1 3 2 4 30 30 9 1 50 7 TOTALS 9 6 0 00 4 1 50 10 2 7 50 6 2 1 00 6 3 7 27 1 4 9 05 3 6 0 00 1 0 00 1 9 4 7 32 3 3 1 1 Chapter 12 Preparing Payroll Records 327

12-4 APPLICATION PROBLEM (LO9), p. 372 Preparing payroll checks 1. CASTLE ELECTRONICS DATE No. 1056 PAYEE The Peoples Bank 5/15/20 - - ACCOUNT TITLE DESCRIPTION AMOUNT May 15, 20 - - payroll $7,49.0 CASTLE ELECTRONICS THE PEOPLES BANK No. 1056 940 Dean Street 10 N. Jefferson Street St. Charles, Illinois 60174 Batavia, Illinois 60510 GENERAL ACCOUNT Seven thousand four hundred ninety-eight and 0/100 Pay to the Order of The Peoples Bank Payroll Account 51-41-14 10 N. Jefferson Street Batavia, Illinois 60510 FOR CLASSROOM USE ONLY A154612A 5166441C 1056 DATE 5/15/20 - - $ Dollars Student s Name AMOUNT 7,49.0 32 Working Papers TE

Name Date Class 12-4 APPLICATION PROBLEM (continued) 2. EMPLOYEE Mitchell R. Haynes DATE April 30, 20-- Federal Income Tax 56.00 409.00 Regular 72.00 16.00 1,152.00 Social Security Tax 77.3 610.20 Overtime 4.00 24.00 96.00 Medicare Tax 1.10 142.71 Health Insurance 50.00 400.00 Retirement 25.00 200.00 Current Total Earnings 1,24.00 Totals 226.4 1,761.91 YTD Total Earnings 9,42.00 Net Pay 1,021.52,00.09 EMPLOYEE Mitchell R. Haynes DATE May 15, 20 - - 1,20.00 60.00 Federal Income Tax Regular 0.00 16.00 Social Security Tax Overtime 2.50 24.00 Medicare Tax Health Insurance Retirement 71.00 40.00 3.0 693.2 19.43 162.14 50.00 450.00 25.00 225.00 1,340.00 11,12.00 Current Total Earnings Totals YTD Total Earnings Net Pay 24.51 1,091.49 2,010.42 9,171.5 PAYROLL ACCOUNT May 15, 20 - - 77-126 169 CASTLE ELECTRONICS No. 65 Mitchell R. Haynes One thousand ninety-one and 49/100 Pay to the Order of $ FOR CLASSROOM USE ONLY Dollars 1,091.49 THE PEOPLES BANK Batavia, Illinois 60510 A0154612A 514114C 65 Student s Name Chapter 12 Preparing Payroll Records 329

12-4 APPLICATION PROBLEM (concluded) EMPLOYEE Sharon V. Bricken DATE April 30, 20-- Federal Income Tax 101.00 792.00 Regular 0.00 14.50 1,160.00 Social Security Tax 0.01 629.0 Overtime 6.00 21.75 130.50 Medicare Tax 1.71 147.29 Health Insurance 65.00 520.00 Retirement 40.00 320.00 Current Total Earnings 1,290.50 Totals 304.72 2,409.09 YTD Total Earnings 10,15.00 Net Pay 95.7 7,74.91 EMPLOYEE Sharon V. Bricken DATE 1,160.00 36.9 Federal Income Tax Regular 0.00 14.50 Social Security Tax Overtime 1.70 21.75 Medicare Tax Health Insurance Retirement May 15, 20 - - 6.00 7.00 74.21 704.01 17.36 164.65 65.00 55.00 40.00 360.00 1,196.9 11,354.9 Current Total Earnings Totals YTD Total Earnings Net Pay 22.57 914.41 2,691.66,663.32 PAYROLL ACCOUNT May 15, 20 - - 77-126 169 CASTLE ELECTRONICS No. 659 Sharon V. Bricken Nine hundred fourteen and 41/100 Pay to the Order of $ FOR CLASSROOM USE ONLY Dollars 914.41 THE PEOPLES BANK Batavia, Illinois 60510 A0154612A 514114C 659 Student s Name 330 Working Papers TE

Name Date Class 12-M MASTERY PROBLEM (LO3, 4, 6, 9), p. 373 Preparing a semimonthly payroll 1., 3. payroll register SEMIMONTHLY PERIOD ENDED August 15, 20- - DATE OF PAYMENT August 15, 20- - 1 2 3 4 5 6 7 9 10 EMPL. NO. EMPLOYEE S NAME MARI- TAL STATUS NO. OF ALLOW- ANCES EARNINGS DEDUCTIONS REGULAR OVERTIME TOTAL FEDERAL INCOME TAX SOCIAL SECURITY TAX MEDICARE TAX HEALTH RETIREMENT INSURANCE RETIREMENT PLAN TOTAL NET PAY CHECK NO. 1 2 Davis, Henry W. M 2 1 1 00 1 3 1 63 1 3 1 9 63 4 3 00 1 2 1 9 13 5 0 00 2 0 00 2 1 3 95 1 1 0 5 6 452 1 2 11 Garcia, Juan S. M 1 1 2 7 6 00 9 7 1 3 7 3 7 4 00 5 1 1 9 92 2 0 00 2 5 00 2 2 4 10 1 1 4 9 7 453 2 3 7 Lewis, Jack P. S 3 9 4 0 00 1 0 5 75 1 0 4 5 75 4 2 00 6 4 4 1 5 16 0 00 2 0 00 2 2 2 00 2 3 75 3 4 9 Lopez, Gloria P. S 2 1 4 6 0 00 1 4 6 0 00 1 2 00 9 0 52 2 1 17 5 0 00 2 0 00 3 0 9 69 1 1 5 0 31 4 5 3 Nelson, Evelyn Y. M 4 1 1 00 1 7 20 1 3 6 6 20 1 9 00 4 70 1 9 1 1 0 0 00 2 5 00 2 4 51 1 1 1 7 69 5 6 4 Robinson, Joshua T. S 2 1 5 0 0 00 1 0 5 00 1 6 0 5 00 1 4 9 00 9 9 51 2 3 27 5 0 00 6 0 00 3 1 7 1 2 2 3 22 6 7 13 Rodriguez, Jean A. M 3 1 2 4 0 00 1 7 1 00 1 4 1 1 00 3 00 7 4 2 0 46 0 00 2 0 00 2 4 5 94 1 1 6 5 06 7 6 Walker, Mildred M. S 1 1 1 0 4 00 1 1 0 4 00 9 7 00 6 45 1 6 01 2 0 00 3 5 00 2 3 6 46 6 7 54 Totals 9 9 6 00 7 9 46 10 6 5 46 5 9 0 00 6 6 2 50 1 5 4 93 4 5 0 00 2 2 5 00 2 0 2 43 6 0 3 03 9 9 10 10 11 11 12 12 13 13 14 14 15 15 16 16 17 17 1 1 19 19 20 20 21 21 Chapter 12 Preparing Payroll Records 331

12-M MASTERY PROBLEM (continued) 2. MALONE COMPANY DATE NO. 195 PAYEE First American Bank /15/20 - - ACCOUNT TITLE DESCRIPTION AMOUNT August 15, 20 - - payroll $,603.03 MALONE COMPANY FIRST AMERICAN BANK No. 195 1290 N. Fry Road 260 S. Mason Road Katy, Texas 77450 Katy, Texas 77450 GENERAL ACCOUNT Eight thousand six hundred three and 03/100 Pay to the Order of First American Bank Payroll Account 345-59-721 260 S. Mason Road Katy, Texas 77450 FOR CLASSROOM USE ONLY A31499A 6510554C 195 DATE /15/20 - - Dollars Student s Name $ AMOUNT,603.03 332 Working Papers TE

Name Date Class 12-M MASTERY PROBLEM (continued) 3. EMPLOYEE Henry W. Davis DATE July 31, 20-- Federal Income Tax 35.00 525.00 Regular.00 13.50 1,1.00 Social Security Tax 76.17 1,130.91 Overtime 2.00 20.25 40.50 Medicare Tax 17.1 264.49 Health Insurance 50.00 700.00 Retirement 20.00 20.00 Current Total Earnings 1,22.50 Totals 19.9 2,900.40 YTD Total Earnings 1,240.4 Net Pay 1,029.52 15,340.0 EMPLOYEE Henry W. Davis DATE August 15, 20 - - 1,1.00 131.63 Federal Income Tax Regular.00 13.50 Social Security Tax Overtime 6.50 20.25 Medicare Tax Health Insurance Retirement 43.00 56.00 1.2 1,212.73 19.13 23.62 50.00 750.00 20.00 300.00 1,319.63 19,560.11 Current Total Earnings Totals YTD Total Earnings Net Pay 213.95 1,105.6 3,114.35 16,445.76 PAYROLL ACCOUNT August 15, 20 - - 66-311 513 MALONE COMPANY No. 452 Henry W. Davis One thousand one hundred five and 6/100 Pay to the Order of $ FOR CLASSROOM USE ONLY Dollars 1,105.6 FIRST AMERICAN BANK Katy, Texas 77450 A31499A 34559721C 452 Student s Name Chapter 12 Preparing Payroll Records 333

12-M MASTERY PROBLEM (concluded) EMPLOYEE Juan S. Garcia DATE July 31, 20-- Federal Income Tax 0.00 1,05.00 Regular.00 14.50 1,276.00 Social Security Tax 7. 1,150.25 Overtime 6.50 21.75 141.3 Medicare Tax 20.55 269.01 Health Insurance 20.00 20.00 Retirement 25.00 350.00 Current Total Earnings 1,417.3 Totals 233.43 3,134.26 YTD Total Earnings 1,552.40 Net Pay 1,13.95 15,41.14 EMPLOYEE Juan S. Garcia DATE 1,276.00 97. Federal Income Tax Regular.00 14.50 Social Security Tax Overtime 4.50 21.75 Medicare Tax Health Insurance Retirement August 15, 20 - - 74.00 1,159.00 5.1 1,235.43 19.92 2.93 20.00 300.00 25.00 375.00 1,373. 19,926.2 Current Total Earnings Totals YTD Total Earnings Net Pay 224.10 1,149.7 3,35.36 16,567.92 PAYROLL ACCOUNT August 15, 20 - - 66-311 513 MALONE COMPANY No. 453 Juan S. Garcia One thousand one hundred forty-nine and 7/100 Pay to the Order of $ FOR CLASSROOM USE ONLY Dollars 1,149.7 FIRST AMERICAN BANK Katy, Texas 77450 A31499A 34559721C 453 Student s Name 334 Working Papers TE

Name Date Class 12-S SOURCE DOCUMENTS PROBLEM (LO2, 3, 4, 6, 7, 9), p. 373 Preparing a semimonthly payroll Hour Summary Payroll Period: 12/1/20 -- to 12/15/20 -- Employee No.: 3 Hourly Rate: $15.50 Employee Name: Michael P. Hogan Date Day Regular Overtime Total 12/1/20-- Mon.0.0 12/2/20-- Tue.0 1.0 9.0 12/3/20-- Wed.0 1.0 9.0 12/4/20-- Thu.0.0 12/5/20-- Fri.0.0 12//20-- Mon.0.0 12/9/20-- Tue.0.0 12/10/20-- Wed.0.0 12/11/20-- Thu.0.0 12/12/20-- Fri.0.0 12/13/20-- Sat 4.0 4.0 12/15/20-- Mon.0.0 Totals.0 6.0 94.0 Employee No.: 4 Hourly Rate: $14.00 Employee Name: Rickey J. McGuire Date Day Regular Overtime Total 12/2/20-- Tue.0.0 12/3/20-- Wed.0.0 12/4/20-- Thu.0 3.0 11.0 12/5/20-- Fri.0.0 12//20-- Mon.0.0 12/9/20-- Tue.0.0 12/10/20-- Wed.0.0 12/11/20-- Thu.0.0 12/12/20-- Fri.0.0 12/15/20-- Mon.0.0 Totals 0.0 3.0 3.0 Chapter 12 Preparing Payroll Records 335

12-S SOURCE DOCUMENTS PROBLEM (continued) Employee No.: 5 Hourly Rate: $15.00 Employee Name: Candace M. Powers Date Day Regular Overtime Total 12/2/20-- Tue 4.0 4.0 12/3/20-- Wed.0.0 12/4/20-- Thu.0.0 12/5/20-- Fri 4.0 4.0 12//20-- Mon.0.0 12/9/20-- Tue.0.0 12/10/20-- Wed.0.0 12/11/20-- Thu.0.0 12/12/20-- Fri.0.0 12/13/20-- Sat 6.0 6.0 12/15/20-- Mon.0.0 Totals 72.0 6.0 7.0 Employee No.: 7 Hourly Rate: $17.20 Employee Name: Damon B. Whorton Date Day Regular Overtime Total 12/2/20-- Tue 4.0 4.0 12/3/20-- Wed.0 3.0 11.0 12/4/20-- Thu.0 4.0 12.0 12//20-- Mon.0.0 12/9/20-- Tue.0.0 12/10/20-- Wed.0.0 12/11/20-- Thu.0.0 12/12/20-- Fri.0.0 12/15/20-- Mon.0.0 Totals 6.0 7.0 75.0 336 Working Papers TE

Name Date Class 12-S SOURCE DOCUMENTS PROBLEM (continued) Preparing a semimonthly payroll 1. payroll register SEMIMONTHLY PERIOD ENDED December 15, 20 -- DATE OF PAYMENT December 15, 20 -- 1 2 3 4 5 6 7 9 10 EMPL. NO. EMPLOYEE S NAME MARI- TAL STATUS NO. OF ALLOW- ANCES EARNINGS DEDUCTIONS REGULAR OVERTIME TOTAL FEDERAL INCOME TAX SOCIAL MEDICARE SECURITY TAX MEDICARE TAX HEALTH RETIREMENT INSURANCE RETIREMENT PLAN TOTAL NET PAY CHECK NO. 1 3 Hogan, Michael P. S 2 1 3 6 4 00 1 3 9 50 1 5 0 3 50 1 3 4 00 9 3 22 2 1 0 4 0 00 3 0 00 3 1 9 02 1 1 4 4 234 1 2 4 McGuire, Rickey J. M 1 1 1 2 0 00 6 3 00 1 1 3 00 4 7 00 7 3 35 1 7 15 3 0 00 1 5 00 1 2 50 1 0 0 0 50 235 2 3 5 Powers, Candace M. M 3 1 0 0 00 1 3 5 00 1 2 1 5 00 1 00 7 5 33 1 7 62 6 0 00 4 0 00 2 1 0 95 1 0 0 4 05 236 3 4 7 Whorton, Damon B. M 2 1 1 6 9 60 1 0 60 1 3 5 0 20 4 9 00 3 71 1 9 5 4 0 00 3 0 00 2 2 2 29 1 1 2 7 91 237 4 5 Totals 4 7 3 3 60 5 1 10 5 2 5 1 70 2 4 00 3 2 5 61 7 6 15 1 7 0 00 1 1 5 00 9 3 4 76 4 3 1 6 94 5 6 6 2. Earnings record for quarter ended December 31, 20-- 3 Hogan Michael P. S WITHHOLDING EMPLOYEE NO. MARITAL STATUS ALLOWANCES LAST NAME FIRST MIDDLE INITIAL 2 $15.50 904-51-491 Manager RATE OF PAY PER HOUR SOCIAL SECURITY NO. POSITION 1 2 3 4 5 6 7 9 10 11 PAY PERIOD EARNINGS DEDUCTIONS NO. ENDED REGULAR OVERTIME TOTAL FEDERAL INCOME TAX SOCIAL SECURITY TAX MEDICARE TAX HEALTH INSURANCE RETIREMENT PLAN NET PAY ACCUMULATED EARNINGS TOTAL 24 5 0 5 50 1 10/15 1 3 0 2 00 1 3 9 50 1 4 4 1 50 1 2 5 00 9 37 2 0 90 4 0 00 3 0 00 3 0 5 27 1 1 3 6 23 25 9 4 7 00 2 10/31 1 3 6 4 00 1 3 6 4 00 1 1 3 00 4 57 1 9 7 4 0 00 3 0 00 2 7 35 1 0 7 6 65 27 3 1 1 00 3 11/15 1 1 1 6 00 9 3 00 1 2 0 9 00 9 00 7 4 96 1 7 53 4 0 00 3 0 00 2 5 1 49 9 5 7 51 2 5 2 0 00 4 11/30 1 1 1 6 00 1 6 00 1 3 0 2 00 1 0 4 00 0 72 1 4 0 00 3 0 00 2 7 3 60 1 0 2 40 29 2 2 00 5 12/15 1 3 6 4 00 1 3 9 50 1 5 0 3 50 1 3 4 00 9 3 22 2 1 0 4 0 00 3 0 00 3 1 9 02 1 1 4 4 31 3 2 5 50 6 TOTALS Chapter 12 Preparing Payroll Records 337

12-S SOURCE DOCUMENTS PROBLEM (continued) Earnings record for quarter ended December 31, 20-- 4 McGuire Rickey J. M WITHHOLDING EMPLOYEE NO. MARITAL STATUS ALLOWANCES LAST NAME FIRST MIDDLE INITIAL 1 $14.00 97-15-005 Carpenter RATE OF PAY PER HOUR SOCIAL SECURITY NO. POSITION 1 2 3 4 5 6 7 9 10 11 PAY PERIOD EARNINGS DEDUCTIONS NO. ENDED REGULAR OVERTIME TOTAL FEDERAL INCOME TAX SOCIAL SECURITY TAX MEDICARE TAX HEALTH INSURANCE RETIREMENT PLAN NET PAY ACCUMULATED EARNINGS TOTAL 19 5 3 0 00 1 10/15 1 1 7 6 00 1 2 6 00 1 3 0 2 00 6 5 00 0 72 1 3 0 00 1 5 00 2 0 9 60 1 0 9 2 40 20 3 2 00 2 10/31 1 2 3 2 00 4 2 00 1 2 7 4 00 5 9 00 7 99 1 47 3 0 00 1 5 00 2 0 1 46 1 0 7 2 54 22 1 0 6 00 3 11/15 1 0 9 2 00 1 0 9 2 00 3 7 00 6 7 70 1 5 3 3 0 00 1 5 00 1 6 5 53 9 2 6 47 23 1 9 00 5 4 11/30 1 0 0 00 1 0 5 00 1 1 1 3 00 3 9 00 6 9 01 1 6 14 3 0 00 1 5 00 1 6 9 15 9 4 3 5 24 3 1 1 00 12/15 1 1 2 0 00 6 3 00 1 1 3 00 4 7 00 7 3 35 1 7 15 3 0 00 1 5 00 1 2 50 1 0 0 0 50 25 4 9 4 00 6 TOTALS Earnings record for quarter ended December 31, 20-- 5 Powers Candace M. M WITHHOLDING EMPLOYEE NO. MARITAL STATUS ALLOWANCES LAST NAME FIRST MIDDLE INITIAL 3 $15.00 905-15-149 Office Manager RATE OF PAY PER HOUR SOCIAL SECURITY NO. POSITION 1 2 3 4 5 6 7 9 10 11 PAY PERIOD EARNINGS DEDUCTIONS NO. ENDED REGULAR OVERTIME TOTAL FEDERAL INCOME TAX SOCIAL SECURITY TAX MEDICARE TAX HEALTH INSURANCE RETIREMENT PLAN NET PAY ACCUMULATED EARNINGS TOTAL 20 1 6 0 00 1 10/15 1 2 6 0 00 1 2 6 0 00 2 4 00 7 12 1 27 6 0 00 4 0 00 2 2 0 39 1 0 3 9 61 21 4 2 0 00 2 10/31 1 3 2 0 00 1 3 2 0 00 3 0 00 1 4 1 9 14 6 0 00 4 0 00 2 3 0 9 1 0 9 02 22 7 4 0 00 3 11/15 1 0 0 00 1 3 5 00 1 2 1 5 00 1 00 7 5 33 1 7 62 6 0 00 4 0 00 2 1 0 95 1 0 0 4 05 23 9 5 5 00 5 4 11/30 1 0 0 00 1 0 00 1 2 6 0 00 2 4 00 7 12 1 27 6 0 00 4 0 00 2 2 0 39 1 0 3 9 61 25 2 1 5 00 12/15 1 0 0 00 1 3 5 00 1 2 1 5 00 1 00 7 5 33 1 7 62 6 0 00 4 0 00 2 1 0 95 1 0 0 4 05 26 4 3 0 00 6 TOTALS 33 Working Papers TE

Name Date Class 12-S SOURCE DOCUMENTS PROBLEM (continued) Earnings record for quarter ended December 31, 20-- 7 Whorton Damon B. M WITHHOLDING EMPLOYEE NO. MARITAL STATUS ALLOWANCES LAST NAME FIRST MIDDLE INITIAL 2 $17.20 945-06-473 Carpenter RATE OF PAY PER HOUR SOCIAL SECURITY NO. POSITION 1 2 3 4 5 6 7 9 10 11 PAY PERIOD EARNINGS DEDUCTIONS NO. ENDED REGULAR OVERTIME TOTAL FEDERAL INCOME TAX SOCIAL SECURITY TAX MEDICARE TAX HEALTH INSURANCE RETIREMENT PLAN NET PAY ACCUMULATED EARNINGS TOTAL 24 3 5 5 20 1 10/15 1 4 4 4 0 7 7 40 1 5 2 2 20 7 6 00 9 4 3 2 2 07 4 0 00 3 0 00 2 6 2 45 1 2 5 9 75 25 7 7 40 2 10/31 1 5 1 3 60 1 0 3 20 1 6 1 6 0 00 1 0 0 24 2 3 44 4 0 00 3 0 00 2 1 6 1 3 3 5 12 27 4 9 4 20 3 11/15 1 2 3 40 5 1 60 1 2 9 0 00 4 1 00 7 9 9 1 71 4 0 00 3 0 00 2 0 9 69 1 0 0 31 2 7 4 20 4 11/30 1 2 3 40 1 5 4 0 1 3 9 3 20 5 5 00 6 3 2 0 20 4 0 00 3 0 00 2 3 1 5 1 1 6 1 62 30 1 7 7 40 5 12/15 1 1 6 9 60 1 0 60 1 3 5 0 20 4 9 00 3 71 1 9 5 4 0 00 3 0 00 2 2 2 29 1 1 2 7 91 31 5 2 7 60 6 7 TOTALS Chapter 12 Preparing Payroll Records 339

3. 12-S SOURCE DOCUMENTS PROBLEM (continued) JENKINS CABINETS DATE No. 69 PAYEE First National Savings Bank 12/15/20 - - ACCOUNT TITLE DESCRIPTION AMOUNT December 15, 20-- payroll $4,316.94 JENKINS CABINETS First National Savings Bank No. 69 6001 Atlantic Avenue 90 W. Manchester Blvd. Florence, CA 90201 Inglewood, CA 90045 GENERAL ACCOUNT Four thousand three hundred sixteen and 94/100 Pay to the Order of First National Savings Bank Payroll Account 41-154-4 90 W. Manchester Blvd. Inglewood, CA 90045 FOR CLASSROOM USE ONLY A49194A 44005C 069 DATE 12/15/20 - - $ Dollars Student s Name AMOUNT 4,316.94 340 Working Papers TE

Name Date Class 4. 12-S SOURCE DOCUMENTS PROBLEM (continued) EMPLOYEE Michael P. Hogan DATE December 1, 20-- Federal Income Tax 104.00 2,94.00 Regular 72.00 15.50 1,116.00 Social Security Tax 0.72 1,4.96 Overtime.00 23.25 16.00 Medicare Tax 1. 432.42 Health Insurance 40.00 0.00 Retirement 30.00 660.00 Current Total Earnings 1,302.00 Totals 273.60 6,05.3 YTD Total Earnings 29,22.00 Net Pay 1,02.40 23,016.62 EMPLOYEE Michael P. Hogan DATE 1,364.00 139.50 Federal Income Tax Regular.00 15.50 Social Security Tax Overtime 6.00 23.25 Medicare Tax Health Insurance Retirement December 15, 20 - - 134.00 3,11.00 93.22 1,942.1 21.0 454.22 40.00 920.00 30.00 690.00 1,503.50 31,325.50 Current Total Earnings Totals YTD Total Earnings Net Pay 319.02 1,14.4 7,124.40 24,201.10 PAYROLL ACCOUNT December 15, 20 - - 66-311 513 JENKINS CABINETS No. 234 Michael P. Hogan One thousand one hundred eighty-four and 4/100 Pay to the Order of $ FOR CLASSROOM USE ONLY Dollars 1,14.4 First National Savings Bank Inglewood, CA 90045 A49194A 411544C 234 Student s Name Chapter 12 Preparing Payroll Records 341

12-S SOURCE DOCUMENTS PROBLEM (continued) EMPLOYEE Rickey J. McGuire DATE December 1, 20-- Federal Income Tax 39.00 1,01.00 Regular 72.00 14.00 1,00.00 Social Security Tax 69.01 1,507.2 Overtime 5.00 21.00 105.00 Medicare Tax 16.14 352.51 Health Insurance 30.00 660.00 Retirement 15.00 330.00 Current Total Earnings 1,113.00 Totals 169.15 3,67.79 YTD Total Earnings 24,311.00 Net Pay 943.5 20,443.21 EMPLOYEE Rickey J. McGuire DATE 1,120.00 63.00 Federal Income Tax Regular 0.00 14.00 Social Security Tax Overtime 3.00 21.00 Medicare Tax Health Insurance Retirement December 15, 20 - - 47.00 1,065.00 73.35 1,50.63 17.15 369.66 30.00 690.00 15.00 345.00 1,13.00 25,494.00 Current Total Earnings Totals YTD Total Earnings Net Pay 12.50 1,000.50 4,050.29 21,443.71 PAYROLL ACCOUNT JENKINS CABINETS No. 235 Rickey J. McGuire One thousand and 50/100 December 15, 20 - - Pay to the Order of $ FOR CLASSROOM USE ONLY Dollars 66-311 513 1,000.50 First National Savings Bank Inglewood, CA 90045 A6414A 411544C 235 Student s Name 342 Working Papers TE

Name Date Class 12-S SOURCE DOCUMENTS PROBLEM (continued) EMPLOYEE Candace M. Powers DATE December 1, 20-- Federal Income Tax 24.00 365.00 Regular 72.00 15.00 1,00.00 Social Security Tax 7.12 1,563.33 Overtime.00 22.50 10.00 Medicare Tax 1.27 365.62 Health Insurance 60.00 1,200.00 Retirement 40.00 00.00 Current Total Earnings 1,260.00 Totals 220.39 4,293.95 YTD Total Earnings 25,215.00 Net Pay 1,039.61 20,921.05 EMPLOYEE Candace M. Powers DATE December 15, 20 - - 1,00.00 135.00 Federal Income Tax Regular 72.00 15.00 Social Security Tax Overtime 6.00 22.50 Medicare Tax Health Insurance Retirement 1.00 33.00 75.33 1,63.66 17.62 33.24 60.00 1,260.00 40.00 40.00 1,215.00 26,430.00 Current Total Earnings Totals YTD Total Earnings Net Pay 210.95 1,004.05 4,504.90 21,925.10 PAYROLL ACCOUNT December 15, 20 - - 66-311 513 JENKINS CABINETS No. 236 Candace M. Powers One thousand four and 05/100 Pay to the Order of $ FOR CLASSROOM USE ONLY Dollars 1,004.05 First National Savings Bank Inglewood, CA 90045 A6414A 411544C 236 Student s Name Chapter 12 Preparing Payroll Records 343

12-S SOURCE DOCUMENTS PROBLEM (concluded) EMPLOYEE Damon B. Whorton DATE December 1, 20-- Federal Income Tax 55.00 1,402.00 Regular 72.00 17.20 1,23.40 Social Security Tax 6.3 1,70.97 Overtime 6.00 25.0 154.0 Medicare Tax 20.20 437.57 Health Insurance 40.00 00.00 Retirement 30.00 600.00 Current Total Earnings 1,393.20 Totals 231.5 5,110.54 YTD Total Earnings 30,177.00 Net Pay 1,161.62 25,066.46 EMPLOYEE Damon B. Whorton DATE 1,169.60 10.60 Federal Income Tax Regular 6.00 17.20 Social Security Tax Overtime 7.00 25.0 Medicare Tax Health Insurance Retirement December 15, 20 - - 49.00 1,451.00 3.71 1,954.6 19.5 457.15 40.00 40.00 30.00 630.00 1,350.20 31,527.20 Current Total Earnings Totals YTD Total Earnings Net Pay 222.29 1,127.91 5,332.3 26,194.37 PAYROLL ACCOUNT December 15, 20 - - 66-311 513 JENKINS CABINETS No. 237 Damon B. Whorton One thousand one hundred twenty-seven and 91/100 Pay to the Order of $ FOR CLASSROOM USE ONLY Dollars 1,127.91 First National Savings Bank Inglewood, CA 90045 A6414A 411544C 237 Student s Name 344 Working Papers TE

Name Date Class 12-C CHALLENGE PROBLEM (LO3, 4, 6), p. 374 Preparing a semimonthly payroll with pretax medical and retirement plans 1. payroll register SEMIMONTHLY PERIOD ENDED August 15, 20- - DATE OF PAYMENT 1 2 3 4 5 6 7 9 10 August 15, 20- - EMPL. NO. EMPLOYEE S NAME MARI- TAL STATUS NO. OF ALLOW- ANCES EARNINGS DEDUCTIONS REGULAR OVERTIME TOTAL FEDERAL INCOME TAX SOCIAL SECURITY TAX MEDICARE TAX HEALTH RETIREMENT INSURANCE RETIREMENT PLAN TOTAL NET PAY CHECK NO. 1 2 Davis, Henry W. M 2 1 1 00 1 3 1 63 1 3 1 9 63 3 7 00 7 72 1 41 5 0 00 2 0 00 2 0 4 13 1 1 1 5 50 1 2 11 Garcia, Juan S. M 1 1 2 7 6 00 9 7 1 3 7 3 6 00 3 94 1 9 63 2 0 00 2 5 00 2 1 6 57 1 1 5 7 31 2 3 7 Lewis, Jack P. S 3 9 4 0 00 1 0 5 75 1 0 4 5 75 2 7 00 5 9 1 4 00 0 00 2 0 00 2 0 0 4 4 7 3 4 9 Lopez, Gloria P. S 2 1 4 6 0 00 1 4 6 0 00 1 1 6 00 7 42 2 0 45 5 0 00 2 0 00 2 9 3 7 1 1 6 6 13 4 5 3 Nelson, Evelyn Y. M 4 1 1 00 1 7 20 1 3 6 6 20 7 00 7 50 1 36 1 0 0 00 2 5 00 2 2 6 1 1 3 7 34 5 6 4 Robinson, Joshua T. S 2 1 5 0 0 00 1 0 5 00 1 6 0 5 00 1 3 1 00 9 6 41 2 2 55 5 0 00 6 0 00 3 5 9 96 1 2 4 5 04 6 7 13 Rodriguez, Jean A. M 3 1 2 4 0 00 1 7 1 00 1 4 1 1 00 2 00 2 52 1 9 30 0 00 2 0 00 2 2 9 2 1 1 1 1 7 6 Walker, Mildred M. S 1 1 1 0 4 00 1 1 0 4 00 00 6 7 21 1 5 72 2 0 00 3 5 00 2 2 5 93 7 07 Totals 9 9 6 00 7 9 46 10 6 5 46 5 0 2 00 6 3 4 60 1 4 42 4 5 0 00 2 2 5 00 1 9 6 0 02 7 2 5 44 9 9 10 10 11 11 2. Net Pay with Voluntary Deductions Employee Taxable Nontaxable Difference Davis, Henry W. Garcia, Juan S. Lewis, Jack P. Lopez, Gloria P. Nelson, Evelyn Y. Robinson, Joshua T. Rodriguez, Jean A. Walker, Mildred M. $1,105.6 $1,115.50 $ 9.2 1,149.7 1,157.31 7.53 23.75 44.7 21.12 1,150.31 1,166.13 15.2 1,117.69 1,137.34 19.65 1,223.22 1,245.04 21.2 1,165.06 1,11.1 16.12 67.54 7.07 10.53 Chapter 12 Preparing Payroll Records 345