November Payroll: Use the payroll file you saved under file name 07-B1 Your Name to answer the

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November Payroll: Use the payroll file you saved under file name 07-B1 Your Name to answer the following questions for the November payroll.

Employee List
1. What is the number of withholding allowances for Eunice Falgren?
2. What is Phillip Griffith’s street address?

Payroll Report
3. What is Mary Mettler’s hourly rate?
4. What is the current gross pay for Mary Mettler?
5. What is the Medicare amount withheld for the quarter for Frank Schilling?
6. What is Annette Winter’s gross pay for the quarter?
7. What is Tracy Zender’s current net pay?
8. What is the total current net pay for all employees?
9. What is the total yearly gross pay for all employees?

Journal Entries Report
10. What is the amount of the credit to Employees’ State Income Tax Payable?
11. What is the amount of the credit to Health Insurance Premiums Payable?
12. What is the amount of the credit to Salaries Payable?
December Payroll: Use the payroll file you saved under file name 07-B2 Your Name to answer the following questions for the December payroll.

Payroll Report
1. What is the current net pay for Mary Mettler?
2. What is the current federal withholding amount for Frank Schilling?
3. What is the Medicare amount withheld for the year for Frank Schilling?
4. What is the check number for the check written to Sumio Yoshino?
5. What is the total current credit union amount withheld for all employees?
6. What is the total yearly Social Security—OASDI withheld for all employees?

Journal Entries Report
7. From the employer’s payroll taxes payroll journal entry, what is the amount of the credit to Social Security Tax Payable—OASDI?
8. What is the amount of the debit to payroll taxes expense?
9. What is the amount of the credit to salaries payable?

Quarterly Report
10. What is the taxable Social Security amount for Frank Schilling?
11. What is the total taxable Medicare amount for all employees for the quarter?

W-2 Statements
12. What is the amount of Social Security tax shown for Eunice Falgren?
13. What is the city tax shown for Donna Phelps?

Savings Planner
1. What is the amount of monthly contribution required to accumulate a savings of $175,000.00 based on the information provided in this problem?
2. What is the monthly yield for month 60?

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Integrated Accounting

ISBN: 978-1285462721

8th edition

Authors: Dale A. Klooster, Warren Allen, Glenn Owen

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