ACC 140 Comprehensive Problem

General Information Questions (pages A-7 through A-22)

1. How often are the employees of Glo-Brite Paint Company paid?

2. Who are the Plant Workers and how are they paid overtime?

3. Which employees have union dues deducted from their checks? How often the union dues deducted and what are the amounts?

4. Does the dollar amount of the Union Dues change at any time? If so, during what payroll period does it change and to what amount?

5. What is the total annual amount withheld from each employee for union dues that should be reported on their W2 Form?

6. How often are the group-term life insurance premiums deducted from the employees paychecks? For this project what pay date(s) will this be on?

7. How much would you deduct for the group-term life insurance premiums for N.A. Ryan? Show your calculations.

8. What is the rate that has to be paid by each employee for Pennsylvania State Income Taxes (SIT) and Philadelphia City Income Taxes (CIT)?

9. What is the percentage and wage base used in this project for OASDI. Give both the employee and employer amounts.

10. Which method does the project use to calculate Federal Income Taxes: wage-bracket or percentage?

11. Do all employees that are to be paid each pay period have a time card? If not, who are the employees that do not have a time card?

12. What is the name, address, and EIN of the company to be used on the Form 941?

13. What is the name and position of the individual who should sign the Form 941?

14. What are the companys State ID Number and City ID Numbers to use on the W-2 Forms?

15. What is Catherine Fords biweekly salary for the December 4^th and 18^th pay periods? Does her Group Insurance Premium amount change? If so, what is the new amount?